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Banking industry pre-tax profit falls 5pc to Sh134Bn

Kenya’s banking sector has seen its pre-tax profits fall 5 per cent to Sh134 billion in 2015 from Sh141.1 billion the previous year A new report from the Central Bank

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Banking industry CEOs seek MoU with Central Bank

Banking industry CEOs have today tabled a Memorandum of Understanding (MoU) with the Central Bank of Kenya (CBK) to address high loan interest rates concerns. The Kenya Bankers Association (KBA),

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APA Managers awarded first ever Insurance Industry Qualification in Africa

APA Insurance Limited has announced that two of their sales managers are the first in Africa to have been awarded one of the insurance industry’s, top globally-recognized professional designation, the Associate Insurance

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Business News Highlights

State defends Standard Gauge Railway project in spite of World Bank criticism President Uhuru Kenyatta has defended the government’s implementation of the Standard Gauge Railway project, which was criticised by

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CBK Governor promises more transparency in banking sector

  Central Bank of Kenya Governor Dr Patrick Njoroge has vowed to promote more transparency within the financial services sector following the release of a report that highlighted key hurdles

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BRITAM launches operations in Arusha as part of firm’s expansion drive

Diversified Financial Services Company Britam Holdings plans to open more branches in Tanzania as the company seeks to increase its market share in the country. The company has launched its

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Airtel Money Card is now back with online payments

Airtel, a leading telecommunications service provider in Kenya has today announced the return of its Airtel Money Card that will enable its users to make online payments. The Card will

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African Network Information Centre calls entrepreneurs, SMEs o apply for FIRE Awards

The African Network Information Centre (AFRINIC) is currently accepting applications for its 2016 FIRE Africa Awards, giving participants the chance to win a Sh305,000 cash prize. The Awards seek to

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17 per cent of youth in dire need of jobs, education or training Seventeen per cent of young people aged between 15 and 24 years have no jobs, lack education

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Services sector fuels economic growth despite regional barriers

An expanding services sector is fuelling economic growth in Kenya, as well as a number of other African nations, new data has revealed. Services contribute substantially to GDP, absorb a