Author: Muindi

Prime Bank Kenya recorded a 17 percent increase in net profit for the first three months this year posting KSh768 million compared to KSh655 million recorded same period in 2021. The bank’s balance sheet expanded from KSh118 billion in 2021 to KSh129 billion. Customer deposits increased to KSh99.7 billion up from KSh90.7 billion posted in the first three months of 2021. The bank’s Managing Director Bharat Jani attributed the steady performance to growth in customer deposits, reduction in nonperforming loans as well as improved operational efficiencies. “The improved results signal a more energetic, renewed effort to do even better, especially…

The Miran Residence is the 5th housing project by Safaricom Investment Co-operative Society. The other housing projects include Ruaka Ridge in Ruaka, BlueBells Apartments in Syokimau, Kantafu Serene Homes in Kantafu and Rongai Villas in Rongai .

Naivas Foodmarket, Safari Center is located in Kayole, Naivasha along the Nairobi-Nakuru highway.

The bank’s outgoing CEO Joshua Oigara said the business showed sustained resilience backed by its proactive approach toward driving income growth and managing liquidity

A total of 22 Awards were presented at the African Banker Awards 2022

Electricity demand in Kenya has surpassed November 2021’s demand, with the peak in May being 2,051MW up from 2,036MW recorded in November 2021. KenGen, Kenya’s biggest electricity producer says this points to accelerated growth and recovery in demand which slowed down in the wake of the COVID-19 pandemic. The new peak demand was recorded on 12th May 2022 in the Daily System Operation and Dispatch Analysis Report by Energy and Petroleum Regulatory Authority (EPRA). This growth was driven mainly by renewable energy sources with geothermal energy making the greatest contribution, giving a further boost to Kenya’s climate action agenda. According…