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    Kenya, East Africa and Africa economy news, including budget, the stock market and analysis.

    KCB Group Q1 Profit Up 55% to KSh9.9Bn

    The bank’s outgoing CEO Joshua Oigara said the business showed sustained resilience backed by its proactive approach toward driving income…

    26th May 2022
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    • KCB Group Q1 Profit Up 55% to KSh9.9Bn
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    KCB Group has reported a 54.6 per cent rise in net profit for the quarter ending in March 2022 to hit KSh 9.9 billion

    Co-op Named Best Regional Bank in East Africa by African Banker Awards

    A total of 22 Awards were presented at the African Banker Awards 2022

    26th May 2022
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    • Co-op Named Best Regional Bank in East Africa by African Banker Awards
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    Co-op Named Best Regional Bank in East Africa by the 2022 African Banker Awards

    Logistics: FedEx Launches Weekly Flights to Nairobi

    Kenya is the world’s leading exporter of black tea and cut flowers, and with perishable and agricultural exports accounting for…

    26th May 2022
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    • Logistics: FedEx Launches Weekly Flights to Nairobi
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    FedEx Express has introduced its first weekly scheduled service to Nairobi in the quest to improve its services in Africa.

    Electricity Demand Peaks in Kenya As Economy Recovers

    Electricity demand in Kenya has surpassed November 2021’s demand, with the peak in May being 2,051MW up from 2,036MW recorded…

    26th May 2022
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    • Electricity Demand Peaks in Kenya As Economy Recovers
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    Electricity demand in Kenya has surpassed November 2021’s demand, with the peak in May being 2,051MW up from 2,036MW recorded in November 2021.

    Absa Kenya Customers to Access Over 2200 Kenswitch ATMs

    Kenswitch’s interoperable network provides over 2,200 ATMs, 20,000 plus Agency Banking outlets and over 15,000 merchant POS outlets.

    25th May 2022
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    • Absa Kenya Customers to Access Over 2200 Kenswitch ATMs
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    Kenswitch’s interoperable network provides over 2,200 ATMs, 20,000 plus Agency Banking outlets and over 15,000 merchant POS outlets.

    Raise Policy Rate to Contain Inflation: Kenya Bankers to CBK

    The MPC has maintained the Central Bank Rate (CBR) at 7.00 per cent for the thirteenth consecutive time.

    25th May 2022
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    • Raise Policy Rate to Contain Inflation: Kenya Bankers to CBK
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    Kenya’s banking sector is clamouring for a rise in the policy rate to rein in inflation and the destabilizing effects on the macroeconomy.

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