- Diamond Trust Bank (DTB) has posted a 24 per cent rise in net profit through six months to Ksh.3.6 billion in June 2022 from Ksh.2.9 billion last year.
- National carrier Kenya Airways (KQ) has trimmed its half year loss to June by 14 per cent to Ksh.9.9 billion from Ksh.11.5 billion at the same time last year.
- Lender Equity Group is yet to lift interest rates on loans despite obtaining the nod to implement risk based credit pricing from the Central Bank of Kenya (CBK).
- Equity Group has posted a 35.4 per cent rise in net profit through the opening half of the year to Ksh.23.7 billion from Ksh.17.5 billion at the same stage last year.
- Kenya’s foreign interest costs rose by Ksh.14.5 billion to Ksh.120.8 billion in the concluded 2021-2022 fiscal year on the end of the debt service suspension initiative (DSSI).
- Approvals by the Central Bank of Kenya (CBK) allowing commercial banks to implement risk-based loan pricing is set to cushion banks from rising funding costs.
- Kakuzi has posted a 75 per cent rise in its half-year profit to June 2022 with earnings reaching Ksh.341.3 million from Ksh.194.6 million at the same stage last year.
- A rebound in taxes paid by companies helped lift the Kenya Revenue Authority (KRA) to an all-time record Ksh.1.9 trillion in exchequer revenue receipts.
- The departing Jubilee government administration is set to leave behind Ksh.504.7 billion in national government pending bills according to new National Treasury data.
- Kenya’s debt load closed the 2021-2022 fiscal year at Ksh.8.6 trillion with public debt having grown by 11.5 per cent year over year from Ksh.7.7 trillion in June 2021.
- The Nairobi Securities Exchange (NSE) has shaken-off jitters arising from the disputed Presidential Elections Results to gain Ksh.3 billion on Tuesday.
- Standard Chartered Bank Kenya has posted a 10.2 per cent rise in profit across the opening half of 2022 to Ksh.5.4 billion from Ksh.4.9 billion previously.
- The Ministry of Energy has lifted a moratorium placed on new power purchase agreements (PPAs) negotiations setting the stage for the signing of new power deals.
- Reinsurer Kenya Re has posted a 56 per cent rise in earnings through the first six months of the year to June with net profit hitting Ksh.832 million from Ksh.533.7 million previously.
- The Ministry of Energy is set to force independent power producers (IPPs) into tariff negotiations which are meant at lowering the cost base to utility Kenya Power.
- The introduction of excise duty on loan fees and commissions has pushed excise duty nettings from the banking industry to Ksh.14.7 billion in 2021 from Ksh.9.3 billion.
- The Capital Markets Authority (CMA) has dished out fines of Ksh.60 million to former Chase Bank Directors for their role in the issuance of the bank’s botched Ksh.4.6 billion bond in 2015.
- Leading telco operator Safaricom has paused upgrades to its network as it seeks to assure the availability of its services during the staging of the August 9 General Elections.
- KCB Group is set to mark its entry into the Democratic Republic of Congo (DRC) market with the planned acquisition of an 85 per cent stake in Trust Merchant Bank (TMB).
- An estimated half of 38 commercial banks in the country have received the Central Bank of Kenya (CBK) green light to roll out risk-based loan pricing.