How digitization will continue to support Bank growth in Kenya
Kenya leads the continent in mobile banking penetration. Its success was due to a dominant mobile operator, the high mobile phone penetration vs. low banking penetration, a large low-income rural population and a cash-based...
The cost of a full trade war on tariffs
In a trade war, everyone loses. According to the United Nations Conference on Trade and Development (UNCTAD), exporters will face higher tariffs regardless of whether they are in developed or developing countries.
Trade war tariffs are based...
Why Kenyan Banks are less profitable
Despite top-tier banks reporting impressive results at the first quarter, the sector saw a decrease in return on assets from 2.67 percent to 2.62 percent.
Profit in the quarter ended December 2017 decreased from Sh21.86...
American firm gets ten more days to sell offer to Unga shareholders
The twists and turns in the sale of Unga Group took on a new angle after closing date was extended by 10 days over failure to reach some shareholders.
Seabord has managed to convince the...
Focus shifts to value of Centum assets as firm books 67 percent profit drop
Whether the sale of GenAfrica by Investment firm Centum would have saved the company from the 67 percent drop in profit will be left to be seen over the next couple of months.
Centum owns...
