Tuesday, December 7, 2021

Kenya’s economy could benefit from fintech growth and innovation

Financial technology (Fintech) has been a key driver of growth in the financial services sector in the face of the ravages of the COVID-19 pandemic. As countries around the world move past the economic downturn brought about by the pandemic, with governments mooting strategies to jumpstart frail economies, fintech firms have improved access to financial services to the unbanked and underbanked populations.

NBV profits jump from less than Sh100,000 to Sh30 million

Nairobi Business Ventures (NBV) has posted Kes31.69 million in net profit for the half-year to September an increase from Kes74,000. The shoe manufacturer that bought Delta automobile, Aviation Management Solution, Air Direct Connect and Delta Cement to diversify revenue streams says it made more money as a result of diversification. The company now operates Delta Automobile, a services provider for Shreeji...

Bad loans down to a 12-month low

Bad loans have dropped to a 12-month low of 13.6 per cent of total loans in October according to the Central Bank of Kenya. The industry’s non-performing loan ratio hit 13.6 per cent in October last year but surged to 14.5 per cent in February, this year. Since then the ratio of defaulters to good borrowers has fallen to 14.2 per...

Coca-Cola delivers festive season cheer and a toast to fresh hug logo

In case you are forgetting, it is that time of year again when families and friends gather and toast to the festive season. With pandemic-induced travel curbs lifted in Kenya, being able to travel for the Christmas and New Year Holidays when and where you like is the hallmark of the return to normalcy, bringing back the excitement of the good old days.
Kenya Airways

KQ forced to refund cancelled flights during Covid-19

National carrier Kenya Airways (KQ) has been forced to refund tickets cancelled during the Covid-19 pandemic after the Competition watchdog intervened in cases where the airline went silent on their travelers. KQ had refused to refund tickets worth Kes181,183 to Dylan Sonemann who booked return flight tickets from Johanesburg to Mahe - the largest island in the Seychelles archipelago - that were cancelled due...




I&M Group

I&M profit flat at Sh4.6 billion as bad loan cover rises

I&M Group net profit for the nine-month ended September closed flat at Kes4.6 billion attributable to the lender's move to raise provision...

Government securities drive up DTB profit to Sh4.8 billion

Diamond Trust Bank (DTB) third-quarter net profit has increased by 20.1 percent to Kes4.8 billion from a flat Kes4 billion reported at...


Family Bank swings to 26 per cent profit growth in pandemic year

Family Bank has defied adverse effects of the pandemic to post a 26.3 per cent jump in full year profit to KES1.2...

Swift action needed to curb deadly Covid-19 wave in Africa –...

The World Health Organization is calling for urgent action to help curb the rapid spread of COVID-19 across Africa, which is being...

AAR Insurance goes paperless with mobile app

Medical cover provider AAR Insurance has unveiled a mobile app as part of its plan to go paperless as it eyes a...


Running as hobby for a cause: Eighteen years of Lewa Marathon

Ever since a cook, Coroebus of Elis, ran flapping naked for 192 meters to earn his place as the fastest Greek in the first...

Youth orchestra with a rousing symphonic crescendo

Seventeen-year-old Mary Keni reckons that for her, classical music is not only a tender and soothing affair but that it induces an...




India vaccine maker resumes deliveries to COVAX after eight months

The Serum Institute of India (SII) has finally resumed the delivery of Covid-19 vaccines after eight months of halted shipments to COVAX,...