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…

Family Bank to sell PE funds Sh15bn stake Family Bank plans to raise as much as Sh15 billion through sale of stake to private equity (PE) firms. Family Bank shareholders will now have to create more shares to accommodate potential investors. Family Bank intends to use…

M-Shwari clients to get mobile medical consultation services The Commercial Bank of Africa (CBA) has partnered with an international mobile-health provider to offer its more than 11 million M-Shwari customers medical consultation services on their phones. Under the partnership the m-Health service provider Hello Doctor, a subsidiary of Metropolitan…

Shilling slump and oil price rebound raises cost of fuel Motorists took a big hit from Thursday’s monthly review of petroleum prices, which will see them pay Sh3.54 and Sh1.86 more per litre of super petrol and diesel respectively. Energy Regulatory Commission (ERC) announced that super petrol will retail…

Ecobank eyes commodity traders, farmers with loan product Ecobank Kenya is set to introduce financing for commodity traders and farmers secured through warehouse receipts. The product is being rolled out by Ecobank as part of improving its trade financing offers given Kenya’s strength in commodities such as maize and wheat…

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…

Exchange rate slide pushes shilling past 95 units mark The shilling on Tuesday crossed the 95 units to the US dollar level, continuing a losing streak with forex traders predicting a further drop to 98 units to the dollar by end of year. A weaker currency and its effect…

We (PesaTalk) started publishing articles in March 2012 with the aim of simplifying the jargon that financial news is famed for.yes, we have lost our footing every once in a while but our readers have kept us going, and the viewership over the months has been…