Tuesday, May 22, 2018

Risky lenders to pay higher premiums to protect depositors cash

Risky banks are set to be hit by higher insurance payments as the Depositors insurer changes its premiums model. Kenya Deposit Insurance Corporation (KDIC) will...

Safaricom profits grow 14 per cent to Sh55billion as Bob returns

Safaricom (NSE: SCOM) chief executive Bob Collymore has announced his return to the helm of the organisation as the company announced a 14 per...

Kenya leads East Africa peers in access to electricity

Electricity access rate in Kenya is the highest in East Africa according to the latest report from the World Bank tracking global achievements in...
Choppies Kenya

Choppies lines up new stores for the region

Botswana retailer Choppies plans to launch two new stores in Kenya investing Sh243 million in capital expenses. This will bring the number of the retailer’s...
Business Loan

Business loans shrink by 8 percent, government borrowing up by 32 percent

The government continued hogging credit from financial institutions even as loans to the private sector shrunk at the beginning of the year. Credit to the...