Standard Chartered Bank Kenya on Monday posted a 66.7 per cent jump in its profit at Ksh 9 billion in the fiscal year 2021. This is compared to Ksh 5.4 billion in the corresponding period a year ago, largely attributable to an increase in Non-Funded Income and lower interest and operating expenses. “2021 was an exceptional year for the bank despite the ongoing pandemic-driven challenging conditions. Income returned to growth after the dip last year occasioned by the impact of the pandemic, increasing 7 per cent with strong underlying business momentum,”’ said StanChart Bank chief executive Kariuki Ngari. The Board…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The 2022 Formula 1 will feature a 22 Grand Prix schedule, which kicks off on Sunday 20th March with the Bahrain Grand Prix. The scenes at the 2021 season-ending Abu Dhabi Grand Prix should be enough of a reason to get you excited for the 2022 season. Lewis Hamilton will have the bit between his teeth after losing out on his eighth title in such controversial circumstances while Max Verstappen will be out to show that his first title was not just down to the drama at the Yas Marina Circuit. Add to that the sweeping changes that the cars…
Stanbic Bank Kenya has named Dennis Musau as its Chief Finance Officer (CFO) and Value Officer. He replaces Mr Abraham Ongenge who has moved to Stanbic Bank Uganda to a similar role. Until the appointment, Musau has been Stanbic Bank Kenya Head of Non-Financial Risk Management for the past three years. He holds a Bachelor’s degree in AgriBusiness Management and a Master’s in Business Leadership. He is a certified public accountant and a certified information systems auditor. Previously, Mr Musau served at PKF Consulting, PwC Kenya and PwC South Africa. The departing Abraham Ongenge has been Stanbic Bank Kenya CFO…
GOtv continues to keep it’s promise of offering unmatched quality and affordable entertainment by making great entertainment more accessible. The company has commissioned the fifth signal transmission site in Kilifi targeting over 30,000 households in the county. Governor Amason Kingi, Governor of Kilifi County who officially commissioned the site said, “We commend the work that GOtv is doing to ensure that residents of Kilifi can access a variety of local and international entertainment channels on the GOtv platform. Kilifi is known for its rich historical nature, sandy beaches and marine parks, but has also increasingly become a significant hub for…
An ETF (or Exchange Traded Fund) is a mechanism for investing in a range of assets with a single purchase. They have become popular in recent years amongst people who want to start investing without putting in the time to research individual stocks, or holding the risk of owning individual stocks. The definition of an ETF, provided by the U.S. Securities and Exchange Commission, says “exchange-traded funds are SEC-registered investment companies that offer investors opportunities to pool their money in a fund that invests in bonds, stocks, and other securities.” ETFs have been around since the 1990s and can help…
After six riveting, gripping, and emotional seasons, the much-loved Maisha Magic East telenovela Selina is coming to an end. Debuting in 2018 and later simulcasted to sister channel Maisha Magic Plus in 2020, the award-winning fan favourite is one of the longest-running series to have aired on both channels. The finale will play on Friday 8 April 2022 at 20h30 on both Maisha Magic East (DStv channel 158 and GOtv channel 4) and Maisha Magic Plus (DStv Channel 163 and GOtv Supa channel 3). Celestine Gachuhi, Pascal Tokodi and Helen Keli have led the fantastic ensemble cast of the series,…