South Sudan instability hits CfC Stanbic profit CFC Stanbic Bank has reported a 28 per cent drop in profit after tax for the three months to March this year attributable to a decline in income from its South Sudan branch. CFC is in the process of converting the South Sudan…

Crown Paints bonus issue stirs market Crown Paints led the gainers at the stock market last week on the back of a bonus share issue announcement. The stock rose 35.3 per cent to Sh138 even after disappointing full-year 2014 results which saw net profit drop by a massive 91 per…

Barclays has rolled out a promotion that will see 25 Kenyans win money ranging from KES 2,000 to KES 10,000 in the next 25 Days.

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.

Adan Mohamed who has been appointed as Sub-Saharan Chief Administrative Officer for Barclays Bank has been the Managing Director for Barclays Bank Kenya.

Barclays Bank saw its profit before tax grow 40% in the 3rd quarter of 2012 in a period where banks enjoyed charging high interest rates on new loans borrowed by customers. CBK has since reduced the base lending rate to 11%.

Performance in the Nairobi Securities Exchange took another leap forward today. The 20-Share Index closed at 4159.73, up 10.94 points from yesterday. The All-share index followed suite closing at 92.94, up 1.11 point from yesterday. HIGHEST VOLUMES Safaricom was the highest performer with a stunning 7.98 million…

Safaricom  Ltd (SCOM) Recently Bob Collymore, Safaricom’s Chief Executive Officer  announced a dividend of KES 0.20/share after the he announced SCOM’s KES 18.4 billion in profit before tax for the  2010/2011 financial year.