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Saturday, November 16, 2019

UAP Old Mutual merger starts bearing fruit

UAP old Mutual has reduced its exposures by Sh1 billion by cutting off 100 high-risk accounts according to Group CEO Peter Mwangi. This helped the firm secure an impressive 46.5 percent in net margin growth...

Safaricom record share price was overpriced by Sh250 billion, analysts say

With 22 days to go for Safaricom to announce its financial performance, the top telcos share price has hit record levels. Safaricom shares traded between Sh30.25 and Sh31 .25 on Monday and hit a 52-week...

KCB profitability starts 2018 on a 14 percent high

With Sh418 billion loans the Kenya Commercial Bank was able to make a net profit of Sh5.18 billion by March this year a 14 percent increase from the Sh4.5 billion in the first three...
Shelter Afrique

Mortgage lender gets nod to restructure loans

Bond holders have given Shelter Afrique a go ahead to renegotiate it's short term loans over the next three months. The mortgage lender can now breathe easy and bring the seven banks to the table...
Munir Ahmed

From the corner office to jail

Former National Bank of Kenya bosses may land in jail after market regulator recommended that the Director of Public Prosecutions charge them in court. Former Head of Treasury Solomon Alubala was particularly caught with his...

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