Author: Khusoko

Family Bank Kenya has posted a profit before tax of Sh852.1 million for the first half of the year, a 63 per cent rise from a similar period last year when the bank made a net profit of Sh520.9 million. Chief executive Rebecca Mbithi attributed the growth to increase in net interest income hugely from loans and advances and income from government securities. During the period under review, the bank’s loan book grew by 17.5 percent to Sh54.9 billion while customer deposits rose by 23.5 percent to Sh66.7 billion.  Net interest income in the period rose by 28.5 percent to…

The Energy and Petroleum Energy Authority (EPRA) has appointed its  Secretary and Director of Legal Affairs, Mueni Mutung’a as its director-general.  Mueni replaces Pavel Oimeke, who will not be renewing his term following a pending court case.  “Ms Mutung’a is to serve in place of Mr Pavel Oimeke whose contract renewal is currently the subject of a court case, under which Conservatory Orders have been made and are still pending,” reads a statement from the commission’s board chair, Jackton Ojwang’. Oimeke, whose term ended on August 1 faces allegations of corruption and abuse of office which currently bar him from…

Kenya Bureau of Standards has introduced 24 new guidelines to enhance the quality and safety of animal feeds.  According to KEBS, the enhanced specifications were developed to support the growing demand for proteins of animal origin which has led to intensified livestock production and subsequent use of selected feed grains and fodder seeds. Further, they will aid the industrial advancement of the food and agriculture sectors to meet the increased demand for animal proteins and support economic growth as the country fights COVID-19. The 24 Standards are among the 243 standards approved by KEBS to support growth in food and…

Made to Love You I recall when we first met, So recently, How can I forget, The way I felt When I first laid my eyes on you I remember saying to my friend, I’ve found something substantial, Someone who would introduce and mother, Love in my heart, Who would change my life, Oh. it had to be, My Destiny B’coz was made to  Love you My hands to Touch you My arms to Hold you My time to Spend with you forever Made to love you Eyes to see you Our life together Remember what we first talked about…

Stanbic Holdings bank reported that its net profit after tax dropped by 37.5 percent to Ksh 2.5 billion compared to Ksh 4.0 billion in its half-year results attributed to a decline in interest income and non-interest income. Net interest income dropped by 5.9 percent to KSh6.3 billion. Non-interest income dropped by 19 percent to KSh4.96 billion. Loan loss provisions increased by 84.8 percent to Ksh1.7 billion from Ksh.0.9Bn to cover for potential loan losses in the wake of the COVID-19 pandemic that has increased expected credit losses due to reduced borrower’s ability to pay for their loans. Stanbic Bank saw…

Chelsea Midfielder Willian Borges da Silva has joined Arsenal on a free transfer.  The 32-year-old signed a £220,000-per-week, three-year deal, according to the Arsenal Chelsea had offered Willian a new deal but was unwilling to match what the Gunners had on the table. https://twitter.com/willianborges88/status/1294317864871223297?s=20 “I believe he’s a player that can really make a difference for us,” said Arsenal boss Mikel Arteta. “We had a clear intention to strengthen the attacking midfielder and the winger positions.” “He is a player that gives us a lot of versatility – he can play in three or four different positions,” added Arteta. “He…