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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 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


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


Tullow Oil writes off Sh2.4 billion in Kenya project assets

Nairobi, March 19 -- British oil explorer Tullow has written off $17.9 million (Sh2.41 billion) worth of its Kenyan assets on the uncertainty over their sale to a strategic investor and commercial exp... Read More


CBK resists bid to take Treasury bills to 17pc

Nairobi, March 18 -- The Central Bank of Kenya (CBK) has resisted pressure from investors to pay a rate of 17 percent on Treasury bills, helped by the reduced need for aggressive borrowing after the g... Read More


NSE gains Sh38bn on Safaricom, banks rally

Nairobi, March 15 -- Investor wealth at the Nairobi Securities Exchange (NSE) on Thursday rose by the biggest single-day margin in eight months at Sh38.6 billion on the back of gains on Safaricom and ... Read More


Bank share prices up as investors eye higher dividends

Nairobi, March 14 -- Tier-one bank stocks have added Sh12.1 billion in market value at the Nairobi Securities Exchange (NSE) over the past one week on rising demand as investors jostle for the higher ... Read More


Investors seen pressing for higher return on 10-year bond

Nairobi, March 13 -- Investors are likely to demand a premium above the 16 percent return the government is offering on a 10-year bond, testing the resolve of the Central Bank of Kenya (CBK) and the N... Read More