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NMG bets on digital innovation for growth

Nairobi, April 7 -- Nation Media Group (NMG) will pay a dividend of Sh1.50 per share as it banks on product innovation business transformation to diversify revenues for long-term sustainability. The ... Read More


Co-operative Bank slashes interest rates for good borrowers

Nairobi, April 7 -- Co-operative Bank has cut interest rates for personal loans and asset financing in a move targeting select salaried borrowers such as civil servants who have a good repayment histo... Read More


NMG to pay Sh1.50 dividend per share

Nairobi, April 7 -- Nation Media Group (NMG) will pay a dividend of Sh1.50 per share as it banks on product innovation business transformation to diversify revenues for long-term sustainability. The ... Read More


Coca-Cola avoids punishment in Sh10bn Centum deal

Nairobi, April 5 -- Coca-Cola has avoided a fine of up to Sh10 million or cancellation of its Sh10.7 billion acquisition of stakes in three soda bottling firms from Centum Investment for flouting one ... Read More


CBK boardroom shake-up faces exit legal headache

Nairobi, April 3 -- The Central Bank of Kenya (CBK) faces another headache in complying with the law requiring staggered replacement of its directors as the terms of six of the seven board members com... Read More


FCB reveals Sh1bn capital breach as Mogadishu bank now takes control

Nairobi, April 3 -- First Community Bank (FCB) has disclosed a shortfall of more than Sh1 billion in core capital, revealing the extent of the crisis that pushed its owners to sell a majority stake to... Read More


Squatters buy Sh101 million extra Kakuzi shares

Nairobi, April 3 -- Individuals living around Kakuzi more than doubled their stake in the listed agricultural firm to a new high of 2.38 percent in the year ended December through transactions valued ... Read More


Bank of Kigali raises dividends as profit hits $54m

Nairobi, March 31 -- Bank of Kigali (BK Group) net profit for the year ended December 2022 rose by a 15.1 percent to Rwf59.7 billion ($53.8 million), prompting the board to increase dividend payout. ... Read More


Bank of Kigali raises dividends as profit hits Sh7bn

Nairobi, March 31 -- Bank of Kigali (BK Group) net profit for the year ended December 2022 rose by a 15.1 percent to Rwf59.7 billion (Sh7.1 billion), prompting the board to increase dividend payout. ... Read More


Family Bank to pay Sh798m dividend despite profit drop

Nairobi, March 31 -- Family Bank's board is proposing to pay Sh798 million dividend despite the net profit for the year ended December 2022 dropping by 4.1 percent to Sh2.21 billion on increased costs... Read More