During Safaricom Investment Co-operative’s 15th Annual General Meeting, shareholders approved a rebate payout of KSh 142.4 million. This rebate announcement came after Safaricom Investment Co-operative Society realized a net profit of KSh 203.4 million for the fiscal year ending December 31, 2023. In comparison, the society had reported net profits of KSh 266 million in…
The Kenya Shilling has witnessed a remarkable ascent against the US dollar, fueled by local investors’ shift away from dollars amid perceptions that the greenback shortage has eased. – The Central Bank of Kenya (CBK) closed forex markets with an exchange rate of KSh 153.2039, marking a notable uptick from the KSh 160.0000 range observed…
Longhorn Publishers, financial performance, net loss, revenue, operational challenges, strategic initiatives, macroeconomic factors, digital growth, educational publishing, Nairobi Securities Exchange, share price, fiscal year, CBC Curriculum. Longhorn Publishers disclosed a revenue of KSh 525.9 million, marking a 3.7% year-on-year increase, yet faced a widened net loss of KSh 193.3 million. Looking forward to the second…
Let’s look into the financial prowess of Equity Bank Kenya, a heavyweight in the East African financial scene. A financial powerhouse serving both individuals and businesses, with a whopping 80 percent of transactions zipping through their advanced mobile banking tech. But what sets them apart? Well, it’s the game-changing support they’re throwing behind local businesses,…
Embarking on the journey of entrepreneurship in Kenya requires more than just a groundbreaking idea; it demands financial backing to turn dreams into reality. Many aspiring business owners find themselves grappling with the challenge of securing the necessary funds, leading to setbacks in bringing their ventures to fruition. Cash flow mismanagement remains a significant pitfall…
Owning a home in Kenya is undeniably a major milestone, but the soaring costs present a formidable challenge. The expense of land and skyrocketing construction material prices contribute to the complexity of this pursuit. However, envision a pathway to realizing your dream home, irrespective of your financial standing. A mortgage, a financial loan extended by…
For many Kenyans, turning the dream of home-ownership into reality is more attainable than ever, thanks to the availability of budget-friendly mortgage rates in Kenya. A mortgage, essentially a loan where the property serves as collateral, can be a viable means to invest in real estate. We hereby explore the process of securing the cheapest…
An Overview A personal loan is a finances/money provided by lending institutions for individual use. Unlike specific-purpose loans, personal loans offer flexibility, allowing borrowers to utilize funds according to their needs. Factors Influencing Loan Access The accessibility and amount of personal loans hinge on two primary factors: income and creditworthiness. Your financial goals can be…
