Wednesday, September 26, 2018
Serena hotel Nairobi

Serena bets on refurbished wing to swing back profits

TPS East Africa owners of the Serena Hotels will open the refurbished wing of its Nairobi outlet this month hoping to capitalize on improving tourism numbers in the second half of the year. Read Also: ...
Bank Kenya rate cap

Lenders bank on rate cap to finish year on a high

Lenders have become more efficient in managing cost and enforcing bad loans which has seen the Kenyan banking industry reap big in the first six months. Read also:  Stanbic Bank posts impressive profits strong cash...
stanbic bank

Stanbic Bank posts impressive profits strong cash flows

Stanbic Bank has almost tripled its cash reserves in a half year that has seen the bank soar in profitability. The lender has not only done a 101 percent increase in net profits from Sh1.7...
shelter Afrique

Shelter Afrique to stop lending directly to projects

Pan African mortgage lender Shelter Afrique is set to axe 13 workers following restructuring on the advice of consulting firm PKF Consulting Ltd. Under the new strategy, the lender will exit direct real estate project...
Heron Portico

Heron Portico fined for secret acquisition

The antitrust watchdog has fined Heron Portico Sh6.1 million fine for buying Zehneria Hotel without notifying the authority. Competition Authority of Kenya said that the 3 percent penalty on turnover was no punitive given that...