The deal comes from KCB’s acquisition of Rwanda’s Bank Populaire Du Rwanda (BPR) in 2021.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The customer pilot in Dire Dawa will be on 2G, 3G and 4G networks
In 2021, Massmart Holdings Ltd discontinued its businesses in Nigeria and East African markets.
ARM Cement was placed under administration in August 2018. Its shares are suspended from the Nairobi Securities Exchange (NSE).
• The interim dividend announcement which is contrary to all other listed banks might trigger temporary investor interest on the stock and points to a healthy payout come FY2022.
KCB Group recorded a 28% increase in net profit for the six months ending June 30, 2022, to KSh 19.6 billion. The growth from Ksh 15.3 billion was due to an improvement in both the funded and non-funded income streams. Total operating income increased by 16.8 per cent, mainly driven by a 29.9 per cent growth in non-funded income. Group businesses increased their profit contribution to 16.8 per cent, driven by new business growth and the impact of BPR Bank. KCB Group CEO Paul Russo said they delivered solid results, supported by their diversified business model, as they sharpened their…