Shares of Standard Chartered Bank Kenya gained 0.19 per cent to 131.75 per share on the NSE on Monday after the bank’s net profit grew 19 per cent to KSh2.39 Billion in the March quarter of FY21, as against KSh2.01 billion in Q1FY20. The lender attributed the rise in net profit to an improvement in non-interest income and a decline in operating expenses. Non-interest income rose to KSh1.999 billion in the three months through March 2021, from KSh1.905 billion in the same period a year ago. The bank’s interest income fell by 9 per cent to KSh 5.563 billion in…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Lufthansa, Germany’s largest airline will finally commence tourist flights to Mombasa on July 24, 2021. The two weekly flight services between Frankfurt and Mombasa with onward flights to Zanzibar will be via its leisure carrier Eurowings Discover. “As more countries begin to relax their travel restrictions, we are seeing an increased demand of people yearning to travel, relax and explore,” said Lufthansa General Manager for Southern and East Africa André Schulz. The airline is confident it will expand the new service to a frequency of four times a week from June 2022. “Along with this increased frequency, we are able…
Cytonn Investments Management Plc, an independent investment management firm, has launched its insurance agency as part of a diversification strategy. Dubbed Cytonn Insurance Agency (CIA), its key objective is disrupting the insurance industry through innovation and automation of insurance processes including the buying and claims process. The agency focus on Work Injury Benefits Act (WIBA), motor, fire, burglary, life, medical, and property to suit different clientele needs. Elizabeth Nkukuu, an Investment Coach at Cytonn said Cytonn has always been keen to serve the interest of Its clients and Kenyans in general by creating innovative and differentiated financial solutions that speak…
Dr Willy Mutunga was the first person to hold the office of the Chief Justice after the promulgation of the Constitution of Kenya 2010 Justice David Maraga was the second Chief Justice after Mutunga and the first Office holder to nullify a presidential election in the history of Kenya Justice Martha Koome is the first woman to be Chief Justice of the Republic of Kenya A FRESH smell of air is blowing across Kenya’s Judiciary and the general leadership as Justice Martha Koome prepares to be sworn in as the first woman Chief Justice and the third President of the…
She will be deputised by another high-flying woman, Justice Philomena Mwilu, the second woman Deputy Chief Justice after Justice Nancy Baraza.
Telkom Kenya has created two wholly-owned subsidiaries to house its Digital and Financial Services business to enhance service delivery. The Consumer Service Delivery Unit will remain within Telkom. This is in line with Telkom Kenya’s digital transformation, which begun in August 2020, to enable it to address the demand for infrastructure and data services. “It is also important to highlight that there will be no loss of jobs as a result of this exercise which is geared towards furthering our objective of making Telkom the technology partner of choice,” the telco said in a statement. Telkom Kenya, is 60 per…