Kenya Airways; the official Travel Partner for the M Sport Ford World Rally Team for WRC Safari Rally Kenya.  

National Carrier, Kenya Airways (KQ) is excited to announce a partnership with the M Sport Ford World Rally Team as the official travel partner for the most demanding rally of the season, the Safari Rally. The rally, which will be … Continue reading Kenya Airways; the official Travel Partner for the M Sport Ford World Rally Team for WRC Safari Rally Kenya.  

Absa Bank Kenya PLC records 22% growth in Profit after Tax to Kshs.3.0 billion in Q1 2022

Absa Bank Kenya PLC has reported a Profit after Tax of Kshs.3billion for the quarter ending 31 March 2022, a growth of 22% compared to a similar period last year.  The Bank reported that all its business units remained profitable, registering growth on key lines in the period. Total income grew by 12% to Kshs.9.9 billion, primarily driven by higher net interest income which went up by 15% year on year, as a result of increased lending. Non-funded income grew by 6% driven by new innovations and continued digitization. Announcing the results, Absa Bank Kenya Managing Director, Jeremy Awori, said … Continue reading Absa Bank Kenya PLC records 22% growth in Profit after Tax to Kshs.3.0 billion in Q1 2022

Fast-track urbanization to spur growth, shelter Afrique urges African Countries

Pan- African housing and urban development financier, Shelter Afrique has urged African countries to fast-track urbanization to stimulate economic development across the continent.   Speaking at the 9th Africities Conference held in Kisumu, Kenya between 17-21 May, 2022 and attended by over 11,000 … Continue reading Fast-track urbanization to spur growth, shelter Afrique urges African Countries

Absa Bank Kenya, Kenya Medical Association partners to roll out new proposition for medical practitioners

Absa Bank Kenya has today introduced a new doctor’s customer value proposition that will benefit 10,000 medical practitioners affiliated with Kenya Medical Association (KMA). Under this partnership, medical practitioners will receive Absa prepaid multi-currency smartcards that double as both membership … Continue reading Absa Bank Kenya, Kenya Medical Association partners to roll out new proposition for medical practitioners

Absa Life Assurance Kenya net profit grows 84% to KES 245 million

Absa Life Assurance Kenya (Absa Life), a subsidiary of Absa Group Limited, has recorded an 84% growth in profit after tax to KES 245 million for the period ended December 31, 2021, driven by strong growth in premiums. For the period, Absa Life’s gross written premium of KES 5.5 billion was 45% higher, on the account of business from the Government scheme, Education policy and growing Corporate Business.   Assets grew from KES 6 billion in 2020 to KES 7.6 billion in 2021, a 25% increase. The largest increase was in investments closing at KES 5.9 billion from KES 4.6 … Continue reading Absa Life Assurance Kenya net profit grows 84% to KES 245 million

Kenya’s exports to hit almost USD10.2bn by 2030 – Standard Chartered Future of Trade Report

Future of Trade 2030: Trends and markets to watch – new research by Standard Chartered – projects that global exports will grow by 70 per cent from USD17.4tn to USD29.7tn over the next decade. The report reveals 13 markets that will … Continue reading Kenya’s exports to hit almost USD10.2bn by 2030 – Standard Chartered Future of Trade Report

DRC pays a total of US$4,203,706.01 to clear its capital arrears due to Shelter Afrique

The government of the Democratic Republic of Congo (DRC) has cleared its capital arrears in Shelter Afrique after paying the outstanding amount of USD1,703,826.79, the pan-African housing development financier has disclosed. The move now takes DRC’s shareholding in the Company … Continue reading DRC pays a total of US$4,203,706.01 to clear its capital arrears due to Shelter Afrique

Absa Bank Kenya partners with GIZ to train 1,500 women entrepreneurs

Absa Bank Kenya, in collaboration with the German Development Cooperation have launched a KES 50 Million program aimed at increasing growth and competitiveness of 1,500 women-owned Micro, Small and Medium Businesses impacted by the Covid-19 economic situation, through blended finance … Continue reading Absa Bank Kenya partners with GIZ to train 1,500 women entrepreneurs