Equity Group regional units grow profit contribution to $116m

Nairobi, March 29 -- Equity Group's regional subsidiaries grew their contribution to the bank's net profit by a third to Ksh15.3 billion ($116.6 million) in the year to December 2023, cutting the domi... Read More

Property company Acorn raises dividend payments to unitholders

Nairobi, March 29 -- Property developer Acorn Holdings has increased the dividends payable to unitholders of its two real estate investment trusts (Reits) to Sh482.8 million from Sh192.48 million afte... Read More

What top banks have earned shareholders

Nairobi, March 28 -- Tier one banks' cumulative dividends remained flat in the year ended December 2023, as lenders made huge provisions to shield themselves from Sh133 billion defaults. Read more HE... Read More

Equity Group regional units grow profit contribution to Sh15.3bn

Nairobi, March 27 -- Equity Group's regional subsidiaries grew their contribution to the bank's net profit by a third to Sh15.3 billion in the year to December 2023, cutting the dominance of the Kenya... Read More

Equity profit falls to Sh42 billion on higher bad loan provisions

Nairobi, March 27 -- Equity Group has reported a 6.48 percent net profit drop in the full year ended December 2023, weighed down by a two-fold increase in provisioning for loan defaults. Net profit r... Read More

NSE gains Sh96bn, biggest one-day jump in 18 months

Nairobi, March 27 -- The Nairobi Securities Exchange (NSE) added Sh95.53 billion in investor wealth on Tuesday, its biggest single-day gain in 18 months, as blue-chip firms led by Safaricom continued ... Read More

Umeme lifts dividend to Sh4.3bn as Uganda concession draws to a close

Nairobi, March 25 -- Cross-listed Ugandan electricity distributor Umeme has raised its dividend by 22.4 percent as the company enters the final year of a 20-year concession from the Uganda government.... Read More

End of 18pc returns for investors as CBK rejects Sh37bn bids

Nairobi, March 22 -- The Central Bank of Kenya (CBK) turned down Sh37.1 billion worth of investor bids in this week's Treasury bond auction, sending its firmest signal to the market that it intends to... Read More

Ex-investment bank worker, mother in Sh10m theft charge

Nairobi, March 20 -- An employee of Nairobi-based investment bank Genghis Capital has been charged with theft of Sh10.38 million from the company. Ian Waihenya Ndung'u has been charged alongside his ... Read More

Kakuzi maintains Sh470m dividend as profit falls 46pc

Nairobi, March 20 -- Agricultural firm Kakuzi has retained a Sh24 per share dividend despite a 46 percent drop in net profit to Sh453.5 million for the year ended December 2023 on lower macadamia earn... Read More

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