Equity Bank has opened a new branch in Mariakani Municipality, a move welcomed by small and medium-sized enterprises (SMEs) who see it as a major boost for their operations. The Mariakani branch joins Equity’s extensive network, increasing its presence to 20 branches in the Coast region and 205 branches nationwide. Equity Bank’s commitment to the region is underscored by this new branch, according to Joseph Ndung’u, General Manager for the Coast Region. Equity Bank’s branch in Mariakani is one of four recent openings nationwide. Other Hindi locations are at Lamu Port, Kisii Stage Plaza along Daraja Moja—Nyamataro Road, and the…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Standard Chartered Bank has simplified personal loan access through its SC mobile app, eliminating the need for physical paperwork. Customers seeking loans must apply directly using the SC mobile app. Navigate to the “Apply for Products” section and select “Personal Loans and Overdrafts.” Customers can borrow between R3,000 and R300,000 and choose a repayment plan between 12 and 72 months. A monthly service fee of R69 will apply to all loans. In addition, a one-time initiation fee ranging from R419.75 to R1,207.50 (VAT inclusive) will be charged. Interest Rates The interest rates are personalized up to a maximum of 17.5…
Land prices in Nairobi suburbs experienced a modest quarter-on-quarter (q/q) increase of 1.3% compared to Q1’2023, according to Hass Consult’s Land Price Index report. This represents a more significant rise on a year-on-year (y/y) basis, at 5.0%, compared to 1.4% in Q1 2023. Similarly, Nairobi’s satellite towns saw more robust y/y growth of 11.2% compared to 8.1% in Q1 2023, with q/q prices rising 3.0%. Ms Sakina Hassanali, Head of Development, Consulting and Research at Hass Consult, says the continued market improvement suggests the sector’s resilience, fueled by demand for land in areas supporting the rapidly growing urban towns and…
The fifth edition of the Eldoret City Marathon, held on Sunday in Eldoret, Uasin Gishu County, witnessed dominant performances from Victor Rotich Kipchirchir and Emily Jepkemoi. Rotich successfully defended his title for the third consecutive year. He clocked a time of 2:12:49 in the men’s 42-kilometer race, edging out close competition from Felix Kipsang (2:12:52) and Evans Kipruto (2:13:16), who secured second and third place, respectively. Rotich attributed his success to God’s grace, rigorous training, and strategic pacing. “This race holds immense value for me, as it has transformed my life in a bigger way. Winning on home ground fills…
Diamond Trust Bank (DTB) is rapidly expanding its branch network in Kenya. Four new branches have opened, and three more are planned for April. DTB’s total Kenyan presence has expanded to 87 branches, catering to customers in growing towns and busy areas of Nairobi. Newly opened branches are Gikomba, Tom Mboya, Global Trade Centre (Nairobi), and Bomet Town. Those planned for opening are in Nanyuki, Karatina, and Nyahururu. DTB opened 18 branches in 2023. DTB CEO Nasim Devji emphasizes the bank’s commitment to providing exceptional customer service and convenience. “With these new branches, we’re reaffirming our commitment to being a…
Liberty Kenya Holdings PLC’s net earnings surged 152% to KSh 671.9 million in 2023, compared to KSh 267.7 million in 2022. According to the financial reports, its basic earnings per share jumped 193% to KSh 1.22, reflecting improved insurance services. The groups’ insurance revenue grew 12% to KSh 13.8 billion in 2023, up from KSh 12.3 billion in 2022. The Group’s balance sheet expanded 9% to KSh 43.8 billion in 2023, compared to KSh 40.1 billion in 2022. However, the weakening Kenyan Shilling increased insurance expenses, particularly for imported car parts, medicine, and medical equipment. Liberty Kenya Holdings Plc’s FY’2023…