Stanbic Bank posts impressive profits strong cash flows
Stanbic Bank has almost tripled its cash reserves in a half year that has seen the bank soar in profitability.
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Author: Newsroom
Shelter Afrique to stop lending directly to projects
Pan African mortgage lender Shelter Afrique is set to axe 13 workers following restructuring on the advice of consulting firm PKF Consulting Ltd.
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Heron Portico fined for secret acquisition
The antitrust watchdog has fined Heron Portico Sh6.1 million fine for buying Zehneria Hotel without notifying the authority.
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Real People gets bond deadline extended
Investors have given SME lender Real People five extra months to settle a defaulted loan opting not to turn their debt to shareholding.
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The return of the English Premier League
Barely a month after the world cup, the English premier league is back. It kicks off on Friday 10th August 2018 when Leicester city will visit the red devils. For the next nine months, till mid may 2019, twenty clubs will battle to be crowned this season’s league champions in what is expected to be a tightly contested battle.
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UK dealer takes over Jaguar Landover as RMA calls it quits
On Thursday, Jaguar Landover (JRL) announced that it was appointing Inchcape Group, a UK based dealer as its new distributor for the Kenyan market following the exit of RMA Motors Kenya.
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Housing Finance to cut jobs and merge roles to manage costs
About 36 employees are set to exit Housing Finance this year after the firm lost 76 more in 2017 as the lender seeks to contain expenses.
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KRA intercepts new consignment of narcotics at JKIA
Kenya Revenue Authority (KRA) has intercepted narcotics at the Jomo Kenyatta International Airport (JKIA).
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Athi River Mining (ARM) cannot pay back its debts
Investors who lent Athi River Mining (ARM)money may be left with losses after ratings agency predicted the cement maker will continue defaulting on its obligation.
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Inflation rises just before new taxes kick in
The cost of basic items may hit a 5 percent increase this month following new tax adjustments that kick in on August 1.
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