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Kenya Co-op bank injects shs 372M in South Sudan

By James Wafula in Juba. Kenya’s top lender and most digitized regional bank Co-operative Bank of Kenya has moved swiftly to consolidate on regional gains by pumping in additional capital of Ksh372 million ($3.2 million) to its subsidiary in South Sudan that has established four branches.. The bank has overcome logistical challenges of up to […]

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Nytil, Picfare bows out of Uganda as workers lose jobs

By Sarah Achen Kibisi. Nonetheless, the factory has finally wound business, according to the company’s liquidation and business cessation documents seen by the Workers Eye. This voluntary cessation followed two Shareholdersmeetings on 25th October,2022 and another on 2nd December 2022 that passed a special resolution with CPA Ronald Mutumba as the liquidator. The sad development […]

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Business

Kenya Co-operative Bank CEO lands 3rd doctorate

By James Wafula in Nairobi. Kenya’s fastest growing most digitized bank in the region Co-operative Bank has scored yet another first following an international award.The bank’s Chief Executive Officer Dr. Gideon Muriuki has received his third honorary doctorate from the Africa International University. The award is in recognition of his successful contribution to the banking […]

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Kenya Coop Bank registers Kshs 11.5b profits

By James Wafula in Nairobi. East Africa’s fastest growing commercial bank and Africa’s most digitized roared away by June 2022 to net profits of 55.4 percent to Ksh11.5 billion on strong growth in customer lending and payment charges.The jump from Sh7.4 billion in a similar period last year was propped by an 11.8 percent growth […]

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Fast expanding Kingdom Bank propels Kenya’s Coop- Bank

By  James Wafula in Nairobi. Kenya’s Cooperative Bank continued to scale the heights of corporate excellence as 2022 entered its last quarter buoyed by the remarkable performance of its new subsidiary Kingdom Bank. Top management is now projecting at least Sh300 million pre-tax profit this financial year, riding on a confidence boost after being acquired […]

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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 […]