NIC

6 Articles
Former President Uhuru Kenyatta (l) pictured with President William Ruto at State House, Nairobi. [Photo/ Radio Africa Group]
BUSINESSECONOMYFEATURED ARTICLE

Multi-Million NCBA Deal Returns to Haunt Uhuru

The 2019 exemption of NIC and Commercial Bank of Africa (CBA) from share sale tax by the National Treasury following their merger has...

NCBA Group Managing Director John Gachora pic
FEATURED ARTICLE

NCBA Q1 Net Profit Rises To Sh2.84 Billion

NCBA Group PLC has recorded an after-tax profit of Ksh2.84 billion for the first quarter ending March 31, 2021. This was an increase...

FEATURED ARTICLE

Kenyatta Bank Backtracks on Jamii Bora Acquisition Over Bad Debts

Plans by the Kenyatta Family to acquire Tier III lender Jamii Bora Bank are now dead in the water following the completion of...

NIC and CBA are set to begin operating as one ntity, NCBA Group PLC. www.businesstoday.co.ke
FEATURED ARTICLE

NIC, CBA Cement Partnership Becoming NCBA Group PLC

The Commercial Bank of Africa and NIC Bank are set to begin operations as one entity, effective 1st October. Following their merger approval...

NIC Bank will payout Ksh5 billion on its medium term note which is set to mature having first been issued in August 2014 www.businesstoday.co.ke
FEATURED ARTICLE

NIC Bank Pays Out Sh5bn as Medium Term Bond Matures

A medium-term note issued by NIC Bank in 2014 is set to mature, with the lender to pay out Ksh5 billion to bondholders...

ECONOMY

ICAEW: Kenya’s big banks mergers to spike regional economic growth

East Africa's GDP growth is forecast to continue being the fastest growing economic bloc on the continent over the next two years, according...