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Dhabashiil global money transfers spurs investments in Kenya

By James Wafula in Nairobi. The power of the Somalia dollar has long been felt in the last two decades as Nairobi hotels in the CBD were taken over and renovated as five star outlets. The Somalis with one of the most developed mobile cash transfers in the world, involving billions of dollars, appear to […]

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Kenya Co-op bank safest investment portfolio, report

By James Wafula in Nairobi. Kenya’s Co-operative Bank has intensified efforts to bail out small and medium scale enterprises hit hard by the Covid- 19 global pandemic 2020-2021 and are yet to recover. The bank has extended up to Ksh6.3 billion ($56.06 million) advanced from the European Investment Bank to help shore up SMEs in […]

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Business

Kenya Co-op bank safest investment portfolio, report

By James Wafula in Nairobi. Kenya’s Co-operative Bank has intensified efforts to bail out small and medium scale enterprises hit hard by the Covid- 19 global pandemic 2020-2021 and are yet to recover. The bank has extended up to Ksh6.3 billion ($56.06 million) advanced from the European Investment Bank to help shore up SMEs in […]

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Business

Kenya Co-op bank safest investment portfolio, report

By James Wafula in Nairobi. Kenya’s Co-operative Bank is among top lenders in East Africa recognized by the  investment bank, Renaissance Capital as safest to do business with in terms of investment and loans portfolio. This is according to Renaissance Capital which has given a top buy rating to  Coop Bank Kenya. Its latest report […]

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Business

Sky is the limit for Kenya Co-operative Bank

By James Wafula in Nairobi. Co-operative Bank of Kenya’s profit has jumped by more than half to Sh16.5 billion, helped by increased income and reduced expenses. The net profit for the year to December 2021- March 2022 was a 53 per cent increase from the Sh10.8 billion reported in 2020. The earnings raced past the […]

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SKY IS THE LIMIT FOR KENYA’S FASTEST GROWING CO-OPERATIVE BANK

By James Wafula in Nairobi. Co-operative Bank of Kenya’s profit has jumped by more than half to Sh16.5 billion, helped by increased income and reduced expenses. The net profit for the year to December 2021- March 2022 was a 53 per cent increase from the Sh10.8 billion reported in 2020. The earnings raced past the […]

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Business

Cooperative bank shrugs off post covid 19 to post kshs 18.5B profit

By James Wafula in Nairobi. Kenya’s Cooperative Bank has defied post Covid -19 economic hardships to post impressive gains in a widely challenging local and regional market building on its digital platform gains. The lender it was noted had faired well in the  post-Covid-19 economic recovery which led to high credit demand pushing up Cooperative […]

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Sudhir win in BoU- Crane Bank case shakes financial  sector

By Our Reporters. The Uganda Supreme Court on February 11, 2022 ruled that Crane Bank ownership reverts to businessman Mr Sudhir Ruparelia, in a historical judgment that ended a five-year legal battle preceded by the bank’s closure. The court in its judgement dismissed an appeal filed by the Bank of Uganda / Crane Bank (in […]

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Kshs 1.8b missing at Kenya treasury

By James Wafula in Nairobi. The mega-headed corruption monster in Kenya has again struck with devastating precision in the public sector. This seems to lend credence to remarks made by President Uhuru Kenyatta last year that the country loses Kshs 2 billion daily to corruption. Yet with only five months in office no “big fish” […]

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Business

Kenya Coop bank opens more branches and revamps operations

By James Wafula in Nairobi. The Co-operative Bank of Kenya will open seven new branches in the country this year, to expand its physical presence and grow its customer base. The ongoing expansion will also see the bank revamp disapora units and raise the bank’s total branches to 200, bucking the trend of maintaining or […]