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Bamburi profit jump bucks rival firms trend

Bamburi profit jump bucks rival firms trend Cement maker Bamburi has reported a 50.4 per cent jump in net profit to Sh5.8 billion for the year ended December, in a sharp contrast to the fortunes of its NSE-listed rivals ARM Cement and EAPCC which are in…
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Barclays Africa buys stake in First Assurance for Sh2.9bn

Barclays Africa buys stake in First Assurance for Sh2.9bn Johannesburg-based Barclays Africa is set to acquire a controlling stake in Kenya’s First Assurance for Sh2.9 billion in a transaction that opens the door for the bank’s Kenyan subsidiary to gain a foothold in the insurance market.Barclays Africa on Wednesday announced…
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KCB mobile phone-based service hits over one million accounts

KCB mobile phone-based service hits over one million accounts KCB Group’s mobile phone-based lending services has hit more than one million accounts a month after it was launched, underlining the high potential of mobile banking. The platform dubbed KCB-M-PESA signed its one millionth customer this week and its deposits grossed…
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S.A Bank Absa to buy Barclays' African Operations

South African bank Absa Group said on Thursday it will buy Barclays African operations for 18.3 billion rand (KES 176.8 billion). This, a statement from Absa says, is a move to finalize a longstanding plan to fuse the two company businesses in Africa, considered a fast-growing market.
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