World Business
Co-op Bank Kenya continues to demonstrate resilience and strategic growth, achieving impressive expansion across its subsidiaries and reinforcing its position in the financial sector. Kingdom Bank reported a net profit of Sh548.9 million despite a higher tax charge, a decline from Sh655 million the previous year. Meanwhile, Co-op Consultancy
World Business
Co-operative Bank of Kenya has posted a 9.8% increase in net profit, reaching Sh25.4 billion for the year ended December, up from Sh23.1 billion in the previous year. This growth was primarily fueled by higher interest income, reflecting the bank’s strong financial performance amid a dynamic
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Leading mobile services provider Safaricom has reaffirmed its long-standing support for conservation and community development by committing Ksh 25 million to the Lewa Safari Marathon as both the company and the race celebrate their 25th anniversaries. Since its inception in 2000, the Lewa Safari Marathon has grown into a globally
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The Nairobi Securities Exchange (NSE) has revised initial margin requirements for equity futures contracts, signaling market stability for listed firms, including Safaricom. The adjustment, aligned with global risk management standards, reflects improved market conditions rather than concerns about volatility. Safaricom, the only telecommunications company listed on the NSE, continues to
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M-PESA recently marked 18 years since its launch, a milestone that reflects its transformation from a simple mobile money transfer service into a financial platform that touches nearly every aspect of daily life in Kenya and beyond. When it was introduced in 2007, many of its users were interacting with
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As part of its celebrations, Safaricom will appreciate its customers and partners across the country while marking 25 years in operation. Safaricom’s mobile money platform, M-PESA, has now been in service for 18 years since launching in March 2007. The service operates in over 170 countries and serves more
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More than 300 students at Kianyingi Primary School are set to benefit from improved learning facilities made possible through support from the M-PESA Foundation. The initiative includes the construction of 12 classrooms from the ECDE unit to Grade 9, easing congestion and accommodating more students. New washrooms for boys, girls,
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Safaricom has completed the first phase of a Tier 3+ data centre in Limuru, marking a strategic expansion of its digital infrastructure to enhance service reliability and compliance with Kenya’s data regulations. Located in the Redhill area of Limuru, the facility is one of three planned over the long
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The government has announced new measures to enhance wildlife tourism in Baringo County, aiming to unlock the region’s potential as a prime destination for eco-tourism. Tourism and Wildlife Cabinet Secretary Rebecca Miano made the announcement during World Wildlife Day celebrations at Kiborgoch Conservancy in Baringo South, highlighting the county’
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The government has allocated more than Ksh1 billion this year to compensate victims of human-wildlife conflict, with payments now set to be processed within 90 days of lodging claims, Tourism and Wildlife Cabinet Secretary Rebecca Miano announced on Monday. Speaking at the World Wildlife Day celebrations in Baringo County, CS
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The Central Bank of Kenya (CBK) has been actively adjusting the Central Bank Rate (CBR) to encourage economic growth and make credit more accessible. The recent reduction of the CBR to 10.75 percent from 11.25 percent is part of a series of cuts aimed at influencing lending rates
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The Co-operative Bank has strategically set up branches across Nairobi County to offer convenient banking services to Kenyans. Below is a detailed list of all Co-op Bank branches in Nairobi, including their contact information. 1. Aga Khan Walk Branch * P.O. Box: 20818 – 00100 Nairobi * Tel: (020) 2214063 * Cell: 0729