PRIME Value of Kenya mergers and acquisitions hits Sh67bn despite lower volumes In East Africa, trailing Kenya was Uganda with 12 deals in 2024 valued at $225 million from 10 deals worth $123.1 million in the year before.
PRIME Banks end 2024 in rare lending pullback This has been a rarity for the banking industry, which hasn’t registered a loan book contraction for at least 17 years.
PRIME Tanzania tycoons unleash fat cheques into Kenyan ventures Tanzanian tycoons with briefcases bursting with cash are buying top Kenyan firms or establishing ventures in high-growth and capital-intensive sectors.
PRIME Use of bank cards for retail payments falls to 6-year low Consumers are using credit and debit cards for retail payments less compared to cash and mobile money platforms.
PRIME Kenya attracts Sh117.8bn in new investments, surpassing target The ventures that set up shops helped create 12,061 jobs, the report states, more than double the year before.
Jamie Dimon charts JPMorgan expansion plan into Africa In Kenya and Cote d'Ivoire, the bank says it will focus on commercial and investment banking and treasury services.
PRIME Banks’ eight-month profit up 12pc to Sh181bn amid defaults CBK data shows that January to August earnings grew from Sh162.3 billion posted in the same period last year.
PRIME Cheque values fall to four-year low as digital transactions rise Banks have moved to keep the cheques relevant by cutting the settlement times and even reducing the fees involved.
PRIME CBK clears all banks for risk-based loans models Under risk-based lending, banks use various resources including information from credit reference bureaus to set up a credit scoring system.
PRIME Power prices dip 22pc in nine months on low forex, fuel costs The strong shilling has seen the foreign exchange rate fluctuation adjustment component of power bills cut by 84 percent.
PRIME State seeks continent-wide accreditation for Kebs to boost trade flow AfCFTA secretariat is seeking to harmonise standards.
Inflation rallies to two-month high on higher food costs Kenya's annual inflation bucked months of easing in August on a fresh increase in the prices of food.
PRIME Why Safaricom wants billionaire Musk’s Starlink out of Kenya The number of Kenyans using satellite internet has surged since Starlink entered the Kenyan market last July.
Umeme interim dividend rises to Sh0.9 per share Umeme’s main shareholders include the International Finance Corporation
PRIME Banks post record Sh140bn half-year profit amid high rates Interest rates have been rising in line with increased CBR.
Invesco Assurance placed under statutory management Last year, the insurer rushed to the High Court after the IRA stopped it from issuing new covers.
PRIME Offshore investors shun T-bonds after downgrades Foreign buyers factor in protests and latest Moody's and Fitch credit ratings in their purchase decisions
Urgent reforms needed to tackle mounting debt crisis in Africa Since 2020, the impacts of Covid-19 and the on-going Ukraine war, coupled with worsening climate conditions have resulted in African governments having credit-rating downgrades
SBG Securities profit falls 91pc in half year Stanbic booked an income of nearly Sh1 billion from the transaction, which was one of the single largest seen in Kenya’s capital markets history.
Cash handled by mobile money agents up 10 percent to Sh8.6trn M-Pesa is the dominant mobile money platform in the country, with well over 97 percent of the local market
PRIME Australia pips Saudi Arabia in Kenya’s cash inflows Cash sent by Kenyans in Australia rebounded from a 29.78 percent drop last year to grow 85.94 percent to $76.31 million in six months.
PRIME Juba, South Africa rise fastest in remittances to Kenya Diaspora remittances from African countries grew by 37.3 percent to $183.8 million in 2024 from $133.9 million in 2023.
EAC, Comesa, Sadc merger into seamless market begins Thursday 14 out of the 29 partner states making up the Tripartite have submitted their of instruments of ratification.
PRIME Kenyans stash extra Sh3bn in Switzerland tax haven The assets in Switzerland grew to Sh9.82 billion in the review period from Sh6.82 billion in 2021.
PRIME EAC companies buck trend with mega Kenya deals Deep-pocketed investors in firms from EAC countries like Uganda, Tanzania, Rwanda and Somalia have been expanding their footprints into Kenya.
