Chase Bank Q3 profit up 28 pc on increased lending Chase Bank’s net profit for the first nine months of the year grew by a third on the back of increased lending and higher earnings from fees and commissions. The mid-tier lender has announced an after-tax…

Investors demand higher interest for Treasury bills Investors are demanding higher interest rates for the six-month and one-year government Treasury bills as the market continues with its risk-averse approach to longer-dated fixed-income investment over uncertainties in the interest rate environment. Auction results from last week’s…

Airtel Kenya permit expired, operating under Essar licence Airtel Kenya is operating under the licence previously held by Essar, which it bought out last year, as its permit which expired in February is yet to be renewed. The telecommunications firm had until this February to pay…

Why Britam restated its profit after declaration Investment firm Britam has said the recent downward revision of its 2014 profit by Sh342.3 million came out of an erroneous accounting of its ownership of a 21.4-acre piece of land in Ngong’.Bramer Properties Limited, a fully owned Britam…

Services paralyzed as workers’ protest spread The protest by City Council of Nairobi workers over delays in effecting a salary increment negotiated two years ago spread to other local authorities Monday, paralysing services. City Hall workers downed their tools last Thursday, abandoning vital services like…