Maudhui House

It's true that thriving businesses usually sell an experience alongside the products or services which they provide. On Wednesday, Safaricom’s boss Mr. Peter Ndegwa announced the opening of a newly refurbished ‘Technology Experience’ Store that customers will enjoy visiting and hanging out. This 10, 000sq feet retail store at Moi Avenue, Nairobi – that had been closed since August for renovations,...

Had Egypt’s Commercial International Bank (CIB) failed to acquire stake in local lender Mayfair, the bank would be staring at volatility as the COVID-19 storm unfolded. The Ksh.3.7 billion capital injection that followed the 51 per cent stake acquisition in April this year underscores the saving grace of mergers and acquisitions in the domestic banking scene. Read also

Three in every ten new homeowners who walked into Stanbic Bank to buy their first mortgage were women. Kenya which is still paternalistic when it comes to who builds and owns a home is being swept by changes especially as houses become more than just homes, but high value appreciating assets. Read also: KCB and Equity race to...

Like a set of twins difficult to tell apart, KCB and Equity Bank have appeared almost the same to investors in the market. At the Nairobi Securities Exchange, where value is determined, one share of KCB is Sh37.8 and a share of Equity bank is Sh36. But like rival wives, the two of Kenya’s most competitive lenders grovel in rivalry, strategize...

Lenders have begun shifting their operations to fit the new normal, pursuing elements that will see them deepen their role in stabilizing the country’s macro-economic environment following the hit from the COVID-19 pandemic. At the heart of the reconfigured role has been onwards lending particularly to small businesses which make up the bulk of enterprises in the country. On its part,...

Safaricom has posted Kes 33.1 billion net profit after tax for the half year, a six per cent decline from Kes.35.6 billion last year on zero rating of M-Pesa transactions since March this year. Read also: KCB on the brink to become the first Kes 1 trillion local bank Mpesa revenue declined 14.5 per cent to Kes35.9 billion from kes42 billion...