Yield-hungry investors to blame for Africa debt crisis

Nairobi, March 27 -- Economists under the International Development Economics Associates Limited (IDEAs), are asking creditors extending trillions of shillings to African countries including Kenya to ... Read More

Uganda Lato milk processor to take over Kenyan firm

Nairobi, March 26 -- Uganda's milk processing firm behind the Lato brand has received approval to acquire a Kenyan milk company, giving it room to overcome hurdles that have been disrupting the supply... Read More

Uganda Lato milk processor to take over Kisii firm

Nairobi, March 25 -- Uganda's milk processing firm behind the Lato brand has received approval to acquire a Kenyan milk company, giving it room to overcome hurdles that have been disrupting the supply... Read More

Eastleigh mall attracts seven banks in under a year

Nairobi, March 25 -- Business Bay Square mall (BBS) in Nairobi's Eastleigh has attracted seven banks in under a year, giving it a revenue boost at a time many malls have been struggling with low occup... Read More

Kenya to spend Sh11bn on inaugural nuclear reactor

Nairobi, March 25 -- Kenya will require at least Sh11 billion as the initial cost of developing the country's first nuclear research reactor in what is expected to be the stepping stone towards future... Read More

I&M raises dividend as profit hits Sh12.6 billion

Nairobi, March 25 -- I&M Group has increased dividends for the third straight year to Sh2.55 per share amounting to Sh4.22 billion after net profit for the financial year ended December 2023 grew 12.7... Read More

Co-operative Bank of Kenya to pay shareholders $66m in dividends

Nairobi, March 24 -- Co-operative Bank of Kenya has maintained a dividend of Ksh1.5 ($0.001) per share for the year ended December after it recorded a 5.2 percent net profit growth to Ksh23.1 billion ... Read More

Why KCB dropped NBK after investing Sh14bn

Nairobi, March 22 -- KCB Group is letting go of the National Bank of Kenya (NBK) about four years after the acquisition in a development that underlines the pressure that the loss-making unit had brou... Read More

Co-op Bank maintains Sh8.8bn dividend as profit rises 5pc

Nairobi, March 21 -- Co-operative Bank of Kenya has posted a 5.2 percent growth in net profit to Sh23.2 billion in the financial year ended December 2023 on increased income and reduced operating cost... Read More

KCB skips dividend payout for the first time in 21 years

Nairobi, March 21 -- KCB Group shareholders will for the first time in 21 years miss out on dividends after the bank reported an 8.3 percent decline in net profit to Sh37.46 billion in the year ended ... Read More

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