NCBA's Half Year Profit Climbs 77% to KSh4.7 Billion

Posted on :Wednesday , 29th September 2021

NCBA has reported a 77 per cent increase in its half year net profit to KSh4.7 billion compared to KSh2.6 billion posted in the same period in 2020, due to increased lending activity.

The bank's total interest income, which is the primary source of revenue, climbed by 9 per cent to KSh22.5 billion at the end of the half-year period from KSh20.7 billion in the same period last. . .

Kenya's External Trade Hits KSh1.4 Trillion in H1 2021

Posted on :Wednesday , 29th September 2021

Kenya's external trade value hit KSh1.4 trillion in H1 2021, a 24.3 per cent increase from KSh1.094 trillion in H1 2020. The rise in external trade is attributed to a rebound in global and macro-economic conditions as the world re-emerges from COVID-19 related disruptions.

Imports into the country rose by 27.7 per cent to hit KSh991.5 billion, while exports rose by 16.3 per c. . .

Kenya, UK To Use Blockchain Tech To Free Up Trade Logistics

Posted on :Friday , 30th July 2021

An initiative to free up 2 way trade between the Kenya and UK was launched in London on 19th July 2021.

This was through the signing of a Memorandum of Understanding (MoU) between the Institute of Export and International Trade and TradeMark East Africa at the Kenya High Commission in London.

The Memorandum of Understanding provides a framework for collabor. . .

India, Kenya To Explore Closer Maritime Security, Diversify Trade And Investment

Posted on :Thursday , 24th June 2021

India and Kenya will explore closer security cooperation, especially in the maritime domain, diversify 2 way trade and set up joint ventures as part of a comprehensive partnership.

The agreement was reached following extensive talks External Affairs Minister S Jaishankar had during his 12-14 June visit to the East African country.

The visit was significant . . .

Kenyan Trade Lobby To Promote Imports Of Chinese Machinery To Boost Industrial Sector

Posted on :Thursday , 24th June 2021

The Kenya National Chamber of Commerce and Industry (KNCCI), a business trade lobby, plans to promote imports of advanced Chinese machinery in order to boost the country's industrial sector, an official said on 2nd June 2021.

Kariuki Theuri, chairman of economic diplomacy committee with KNCCI, told journalists in Nairobi that Kenya heavily depends on foreign manufactured good. . .