Stanbic Holdings 2021 pretax profit rose 57 per cent to Ksh 9.76 billion from a year earlier attributed to improved interest income and a drop in impairment charges from Ksh 12.80 billion in 2020 to Ksh 14.37 billion. Its net profit for the year was up 39 per cent to Ksh 7.20 Billion. The Group’s customer loans went up by 17 per cent to KShs 185billion in the reporting period, signalling its unwavering support to its customers to help them grow and realize their full potential. Customer deposits also grew by 11 per cent to KShs 242billion demonstrating the trust…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Gold exchange-traded funds at the Nairobi bourse recorded an all-time high turnover of KShs 91.7 million on a volume of 44,000 units and closed at Ksh.2075 Wednesday. According to Nairobi Stock Exchange (NSE) market report, the overall turnover in the market activities as of March 2 was KSh 792 million from the previous sessions KShs 202 million with 11.57 per cent contributed by the Absa New Gold Exchange Traded Fund. Gold-backed ETFs are passive investment instruments that are based on price movements and investments in physical gold. The NewGold issuer (RF) Ltd, a subsidiary of South Africa’s ABSA, became the…
Kenya Breweries Limited has unveiled a fresh logo as a part of the company’s centenary celebrations. The new logo symbolizes 100 years of building East Africa’s largest manufacturer, founded as a riverside operation in Ruaraka. https://twitter.com/KenyaBreweries/status/1498310599960322050?s=20&t=Tg8DV1lbLIzu6mLHFHA-nw The logo was designed by Anncatherine Njuhi, a 23-year-old former student at the Buruburu Institute of Fine Arts. It encompasses the initials of the business name creatively merged with 10 barley leaves symbolizing the 10 decades since KBL was founded. Njuhi was part of the competition KBL Still Got Skillz? Logo contest where more than 600 youth between 21 and 25 submitted designs. Anncatherine…
KenGen, Kenya’s biggest electricity producer, reported a 9 per cent increase in profit before tax of 7.5 billion shillings for the half-year period ended December 31, 2021, from 6.9 billion shillings which were recorded during a similar period in 2020. Net revenue increased just 1.3 per cent to stand at 5.1 billion shillings from 5 billion shillings the previous half of 2020. Total revenue increased 14 per cent from 21.8 billion shillings to 24.8 billion shillings. “Income tax expense increased by 32 per cent to Sh2.34 billion from Sh1.82 billion in December 2020, reflecting the impact of corporate tax reversal…
Kenya Ports Authority (KPA) was crowned the 2021-2022 Kenya Basketball Federation (KBF) women’s Premier League champions. KPA dethroned Equity Hawks with a 70-64 in Game Four played on Sunday at Makande Gymnasium, in Mombasa to win 3-1 in the best-of-five series finals. https://twitter.com/Lynmatheka/status/1497955542354042893?s=20&t=vLlGXM10Gzq0vknqq4g_2Q “Big congratulations to the players. This is a wonderful performance mixed up with youth and experience and I am glad to be the coach of these talented and hardworking ladies.” “To lose only one match in the playoffs is an indication that this team is very strong and ready to conquer Africa. Everything we set out to…
The 53rd edition of Kenya Open Golf has received another boost from Coca-Cola with a Kshs.4 million as the championship’s official hydration partner through its premium water brand Keringet. The 53rd edition of the tournament will see over 150 golfers from various countries across the world including 16 Kenyan golfers compete for the top prize of Kshs. 224.7 million. “It is a privilege and honour to be a part of a prestigious event on the national calendar that has a rich history that marks the start of the European Golf Tournament. As you all know Coca-Cola is a brand that…