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Japanese firm eyes Kenyan wholesale and retail used vehicle parts market

Nairobi, April 4 -- Japanese trading firm Kaiho Industry Co. Limited has set sights on both wholesale and retail clients as its auction for used automotive spare parts and accessories gets underway. ... Read More


CBK seen holding rates on easing inflation, forex pain

Nairobi, April 3 -- The Central Bank of Kenya (CBK) is widely expected to hold interest rates at its monetary policy committee meeting on Wednesday on reduced inflationary and foreign exchange rate pr... Read More


World Bank cuts expected Kenya financing by Sh39bn

Nairobi, April 3 -- The World Bank Group has scheduled a Sh157.7 billion ($1.2 billion) new financing to Kenya in the current financial ending June, marking a Sh39.3 billion cut compared to the Sh197 ... Read More


Foreigners sell Sh2.3 billion NSE stocks in three months

Nairobi, April 2 -- Foreign investors extended their exit from the Nairobi Securities Exchange (NSE) into the quarter to March this year, new market data shows, despite a gradual improvement in the pe... Read More


Lenders' forex trading earnings drop by Sh6bn

Nairobi, April 2 -- Earnings by listed banks from forex trading in the Kenyan market fell by Sh6 billion last year as margins - the difference between buy and sell rates - for hard currency narrowed o... Read More


Britam injects Sh660m into fund

Nairobi, April 1 -- Insurance group Britam has injected a further Sh660 million to shore up the liquidity of its wealth management fund in the year ended December 2023. The new disclosure takes the G... Read More


CBK eyes Sh65 billion from reopened bonds

Nairobi, March 29 -- The Central Bank of Kenya (CBK) is seeking to raise a total of Sh65 billion from a reopened two-year bond and the tap sale of five-year and 10-year bonds, with the sale of latter ... Read More


JohnGachora: NCBA CEO on why fundamentals are not explaining shilling performance

Nairobi, March 29 -- NCBA Group managing director and Kenya Bankers Association chairman John Gachora reflects on his bank's 2023 full-year performance and the industry's standing that featured strong... Read More


Britam net profit doubles to Sh3.2 billion

Nairobi, March 28 -- Insurer and financial services provider Britam has posted a 97.4 percent jump in net earnings for the year ended December 31, 2023 to Sh3.2 billion from Sh1.6 billion previously. ... Read More


NCBA to pay record Sh7.8bn dividend after profit surge

Nairobi, March 28 -- NCBA Group is set to pay a record Sh7.8 billion dividend following a 56.2 percent jump in net profits for the year ended December 2023. The higher dividend represents a payout of... Read More