Wednesday , 28 June 2017

Category: Banking

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FEP Holdings operating loss narrows by 87 pc to Kes108mn

FEP Holdings operating loss narrows by 87 pc to Kes108mn

FEP Holdings Ltd has recorded an 87 percent reduction in consolidated loss before tax for the financial year ending December 2016, moving from Kes866 million in 2015 to Kes108 mil ...

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Phone maker, OPPO targets Kenya with Asia-inspired Smartphone strategy

Phone maker, OPPO targets Kenya with Asia-inspired Smartphone strategy

Smartphone maker, OPPO formally unveiled its strategy for the Kenyan market last month (May, 2017), seeking to emulate the success of Asian and European markets. At an event in Na ...

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Kenya: What next for betting firms after Uhuru rejects Finance Bill 2017?

Kenya: What next for betting firms after Uhuru rejects Finance Bill 2017?

Members of Finance, Trade and Planning Committee must have choked. Their proposal to retain taxation rates on paid-out winning bets is leaving. Now, Budalangi MP Ababu Namwamba-le ...

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Fanisi Capital raises Kes3Bn for first phase of capital floating

Fanisi Capital raises Kes3Bn for first phase of capital floating

Fanisi Capital has received commitments worth $30 million (Sh3 billion) in the first phase of its second round of capital raising, Fanisi Capital Fund II. Fanisi Capital Fund II, ...

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Kes2.5Bn moved on KBA’s PesaLink in 4months

Kes2.5Bn moved on KBA’s PesaLink in 4months

Over 3.5million customers plugged on PesaLink transacted Kes2.5billion on the platform in the last four months. The bank-to-bank money transfer platform is a product of financial ...

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Kenya: Over 42K Coffee farmers receive Kes0.6Bn from Nestlé programme

Kenya: Over 42K Coffee farmers receive Kes0.6Bn from Nestlé programme

More than 42, 000 Kenyan coffee farmers affiliated to the Nestlé’s Nescafé Plan from 12 Farmers’ Cooperative Societies (FCSs) in Nyeri, Murang’a, Embu, Kirinyaga, Kiambu and Meru ...

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Nairobi: Dubai Islamic Bank eyes EAC market with Kenya’s entry

Nairobi: Dubai Islamic Bank eyes EAC market with Kenya’s entry

Dubai Islamic Bank (DIB), the largest Islamic Bank in the United Arab Emirates (UAE), is seeking to expand its operations in East African region following the approval by the Cent ...

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Equity Bank adopts new business model to boost balance sheet

Equity Bank adopts new business model to boost balance sheet

Kenya’s Equity Bank plans to optimize diversified revenue strategy as it shifts its focus to non-funded earnings to boost performance. The lender’s non-funded income grew by 21 pe ...

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Lagos: Dangote targets 5 states with $10Bn for rice cultivation

Lagos: Dangote targets 5 states with $10Bn for rice cultivation

The Dangote Group disclosed recently at the just concluded 2017 Gateway Trade fair in Abeokuta, that it was investing N10 billion dollars in rice cultivation in five states to boo ...

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EAC Secretariat denies losing $2mn in its Arusha account

EAC Secretariat denies losing $2mn in its Arusha account

The East African Community (EAC) has refuted claims of losing hundreds of millions of shillings in its General Reserve Fund in Arusha, Tanzania. In a statement to newsrooms, an EA ...

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