KCB Group’s pre-tax profit for 2024 increased to 81.97 billion Kenyan shillings ($636.41 million), up from 48.45 billion Kenyan shillings in the previous year. After-tax profit surged by 64.9%, reaching 61.8 billion Kenyan shillings. Key performance drivers included a 28% growth in net interest income and an 11% reduction in provisions for expected credit losses, attributed to the strengthening Kenyan shilling and effective loan recovery strategies. The Group’s customer deposits rose to 1.4 trillion shillings from 990.4 billion shillings year-over-year. KCB Group, with operations in Kenya, the Democratic Republic of Congo, Tanzania, Rwanda, South Sudan, Uganda, and Burundi, saw its…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Pan-African Public Relations (PR) firm Glass House PR has launched ‘The Glass House PR Report: State of PR in Africa’. The report engaged 28 public relations agencies from at least fifteen (15) countries, representing North, South, East, and West Africa, along with insights from industry thought leaders and the general public. As their first report, it provides a comprehensive, data-driven perspective on the trends, challenges, and opportunities shaping public relations in Africa today. These insights are a valuable resource for professionals across various sectors, including government, technology, healthcare, finance, nonprofit organizations, development, media, event management, hospitality, and retail. The Glass…
Epson announces the S1A00210B, a new power management IC optimized for hearing aids and compact electronics. Sample reservations begin April 2025, with mass production shipments scheduled for August 2025. Advancements in Power Management for Hearing Aids Power management integrated circuits [PMICs] play a crucial role in managing power within electronic devices, including rechargeable battery control. Epson has been developing PMICs for hearing aids since 2016, addressing the limitations of primary [non-rechargeable] batteries, such as voltage drops, frequent replacements, and waterproofing challenges. By introducing wireless charging technology, Epson has enhanced the convenience of rechargeable hearing aids. Epson’s latest PMIC, the S1A00210B,…
Human Mobile Devices (HMD), a global leader in innovative smartphone technology, has put the human back into the smart story at Mobile World Congress 2025 in Barcelona, Spain. HMD debuts new family portfolio demonstrating better technology for families with the aim to solve a global mental health crisis that is being caused by excessive screen time, and to support online safety for minors. The first device to launch under the new family umbrella, HMD Fusion X1, is announced following new research unveiled today from HMD which surveyed 25,000 children and adults from around the world1 – the findings reveal more than half of…
Amsons Group has announced a $400 million investment plan over the next three years to drive growth following its $183 million acquisition of over 95% of Bamburi Cement in December 2024. The Tanzanian-based conglomerate, which completed the acquisition through its Kenyan subsidiary Amsons Industries (K) Ltd, is currently executing a compulsory buyout to acquire the remaining shares, leading to the likely delisting of Bamburi Cement from the Nairobi Securities Exchange (NSE), where it has been listed since 1970. Amsons Group Managing Director Edha Nahdi emphasized the company’s commitment to maintaining and enhancing Bamburi Cement’s operational standards. “From the onset, I…
Tanzania’s Amsons Group has extended its offer to buy out the remaining minority Bamburi Cement shareholders who declined the initial bid of Sh65 per share. The initial takeover offer, made in July, sought to acquire 100 per cent of Bamburi Cement’s issued ordinary shares. At that time, Holcim held a 58.6 per cent stake, with the remaining shares distributed among Kenyan institutions, individuals, and other foreign investors. However, shareholders representing 3.46 per cent of the company’s shares opted not to accept the Sh65 per share offer. Amsons has now issued a six-week ultimatum to these non-assenting shareholders. They can either…