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OPPO has announced that it will launch its newest flagship devices, the OPPO Reno12 Series, in Kenya on August 22nd 2024. Like for its its previous versions, the Reno12 will contain come in two variants i.e. the Oppo Reno12 5G and Oppo Reno12 F 5G.

KCB Group PLC has announced that it recorded profit after tax of Ksh. 29.9 billion for the first half year ending June 2024. This is a 86% increase from the Ksh. 16 billion the company registered in a similar period in 2023.

Standard Chartered Bank Kenya Limited has today announced it has reported a Ksh. 6.9 billion net profit for the for the period ended 30 June 2024. This is a reduction from the Ksh. 10.2 billion the bank registered in a similar period last year.

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As part of this agreement, Predator Energy will become the club’s Official Energy Drinks Partner and Official Hydration Partner.

We live in a world where technology is rapidly evolving and businesses have to stay ahead of the curve in order to maintain competitiveness and operational efficiency. In the manufacturing and distribution sector, businesses have had to adopt enterprise resource planning (ERP) systems like the Syspro ERP in order to remain competitive.

In Kenya, statistics indicate that over 70% of businesses fail within the first three years. This translates to a about 23.3 percent per year attrition on the initial investment which is quite high. As a small business owner, I can attest that running a business successfully and sustainably is not a walk in the park and one needs all the support that they can get. It is as a response to this that the Absa Bank Business Club has unveiled their KOMA training program in a bid to help SMEs make their businesses sustainable.

The loan rates in the period in question vary across banks and loan categories, with overall rates ranging between 9.00% and 23.94%.

Safaricom has announced the appointment of James Ludlow as a non-executive director, effective 28 August 2024, for a period of one year. Ludlow replaces Francesco Bianco who exited the board earlier this month.

The Kenya financial markets have undergone a radical change over the years, largely propelled by the proliferation of online trading platforms. A digital transformation like this changes how investors access the stock market, bringing unparalleled convenience, efficiency, and accessibility in its wake. This trend of shifting the base to online trading platforms indeed marks a giant leap for the stock market in Kenya, opening up new avenues and possibilities both for individual and institutional investors.