Author: Khusoko

Stanbic Holdings bank reported a 26.7 per cent 2021’ Q1 profits of Ksh 1.9 billion from Ksh 5.1 billion. The lender’s operating income rose to Ksh.6 billion from Ksh.5.4 billion on a 21.7 per cent rise in non-interest funded income (NFI) to Ksh.2.8 billion. It’s total interest income remained flat in the period at Ksh.4.8 billion. Stanbic’s level of gross non-performing loans (NPLs) have increased to Ksh.26.4 billion from Ksh.21.1 billion. Provisions for bad loans rose to Ksh.609.5 million from Ksh.617 million in March last year.

TransCentury PLC  will not delist and will instead seek shareholder’s nod for its first rights issue to raise  Ksh 2 billion  According to the company, its priority is to complete debt restructure and to secure the right funding for the Group to ensure the businesses access funding to capitalise on the opportunities in the lucrative sectors where they operate.  “The Rights Issue will be on the basis of five (5) new shares for every one (1) ordinary share held and further the directors be authorized to deal with fractions in such manner as they may think fit and to effect…

IMPACC, a non-profit that builds green start-ups in Africa, plans to provide smart equity investment of between $30,000 – $150,000 to local social businesses with sustainable high impact. The move is aimed to transform the local ecosystem by leveraging on the disruptive power of innovative local products and services as a driver for inclusive and sustainable growth. The funds have a duration of 6 to 12 months. “We use the tools of business to meet social challenges.  We identify local green businesses that have already had first proof of concept and help them grow by scaling their business through a…

FA Cup final Available to all DStv packages and GOtv Plus at no extra cost! This weekend SuperSport turns up the football fever as all active DStv customers, as well as GOtv Plus customers, score big with a coveted “all-access” pass to enjoy a front-row view of the final of the most celebrated football cup competitions.  SuperSport viewers on DStv and GOtv can look forward to the final of the world’s oldest knockout football competition, the FA Cup, which will see Chelsea and Leicester City meet at the iconic Wembley Stadium in London on the evening of Saturday 15 May…

1. A declaration is hereby made that civil procedures can be initiated against a sitting President or person performing functions of the President during tenure of office in respect to anything done contrary to the Constitution. 2. A declaration is hereby made that the President does not have authority under the Constitution to initiate changes to the Constitution, and that a constitutional amendment can only be initiated by Parliament through parliamentary initiative under Article 256 of the Constitution or through popular initiative under article 257 of the Constitution. 3. A declaration is hereby made that the steering committee on implementation of…

Huawei Kenya has launched a graduate recruitment program creating over 30 job and internship opportunities. Huawei has launched this program in partnership with several business partners in the country. The positions were unveiled during the Huawei ICT Job Fair that was held online on May 12th and graced by Ministry of ICT Innovation and Youth Affairs Cabinet Secretary, Joe Mucheru, Chief Administrative Secretary Maureen Mbaka, and Director for University Education and Research Darius Mogaka representing Ministry of Education, Principal Secretary Amb. Simon Nabukwesi in absentia amongst other industry stakeholders. The pandemic has drastically changed our way of life, detrimentally impacting the…