Absa Kenya profit drops 65pc due to Covid woes
Business Daily | by Otiato Guguyu
Absa Bank Kenya’s net tax profits plummeted 65 percent in the nine months to September due to loan default...
Safaricom saves Sh5.7bn from Covid-19 tax relief
Business Daily | by Patrick Alushula
Safaricom saved Sh5.67 billion (R805 million) from the lower corporate tax rate offered by the State in April to...
Kenya Power in talks over Sh102b debt consolidation
People Daily | by Noel Wandera
Debt-ridden power distributor, Kenya Power is negotiating with the World Bank to consolidate its short-term Sh102.6 billion commercial debts...
StanChart, Co-op record profits decline on Covid-19 loan defaults
Business Daily | by Patrick Alushula
Co-operative Bank of Kenya and Standard Chartered Bank are the latest top lenders to report drops in profits for...
IFC warns of fake internet loans scam targeting SMEs
Business Daily | by Otiato Guguyu
World Bank has warned that fraudsters impersonating the lender’s private lending arm International Finance Corporation (IFC) have set up...
Tuskys to shut half of it branches
Kenyan Wall Street | by Miriam Wangui
Troubled retail store Tuskys plans to shut half of its branches in an attempt to stay in operation.
The...
Kenya Meat Commission clears Sh250 million debt
The Standard | by Macharia Kamau
The Kenya Meat Commission (KMC) has cleared the bulk of debts it owed livestock farmers since it was taken...
KCB sees full-year profits declining by over 25 per cent
Kenyan Wall Street | by Miriam Wangui
East Africa’s largest bank by assets, KCB Group, expects its full year profit to drop by more than...
