Patrick Alushula - The Standard

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NEWS & CURRENT AFFAIRS

Digital News

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Patrick Alushula

Mitumba is good, but a thriving local textile industry much better

By banning the importation and sale of mitumba, our focus will shift from consumerism to production.

By Herman Manyora and Bruno Otiato 2 years ago

Mitumba is good, but a thriving local textile industry much better

Is Uhuru a lame duck leader or grandmaster of Kenyan politics?

Is Uhuru a lame duck leader or grandmaster of Kenyan politics?

By Herman Manyora and Bruno Otiato 2 years ago

Michael Joseph: This is not the Fuliza I wanted at Safaricom

Michael Joseph: This is not the Fuliza I wanted at Safaricom

By Patrick Alushula 2 years ago

Safaricom pulls NSE to 12-month low

Safaricom pulls NSE to 12-month low

By Patrick Alushula 2 years ago

Share of loans in default hits 8-month high

The proportion of loans that has remained unpaid for at least three months has hit eight-month high on increased lending and a slow pace of repayments

By Patrick Alushula 2 years ago

Share of loans in default hits 8-month high

Struggling Resolution Insurance suspends non-medical cover

Cash-strapped Resolution Insurance will not renew or underwrite non-medical covers for three months.

By Patrick Alushula 2 years ago

Struggling Resolution Insurance suspends non-medical cover

Bad news for insurers as fall in Covid infections spike hospital visits

The sharp decline in profits came during the period hospital visits increased as people who had kept off for fear of contracting the virus overcame it

By Patrick Alushula 2 years ago

Bad news for insurers as fall in Covid infections spike hospital visits

Why your credit history will dictate your Sacco loan limit

Many organisations are shifting from the multiplier model that affords members credit three times their savings, to a risk-based one.

By Patrick Alushula 2 years ago

Why your credit history will dictate your Sacco loan limit

Motor vehicle insurance hits underwriters with Sh6.34b loss

This is the 10th straight year that the insurance class has returned loss due to rising fraud and cutthroat competition among insurers.

By Patrick Alushula 2 years ago

Motor vehicle insurance hits underwriters with Sh6.34b loss

NCBA doubles dividends as profit hits Sh10.2b

NCBA Group has doubled its dividends to Sh4.94 billion on the back of net profit rising 1.2 times to Sh10.22 billion.

By Patrick Alushula 2 years ago

NCBA doubles dividends as profit hits Sh10.2b

‘Fuliza republic’: Kenyans borrow Sh1.6b daily amid economic woes

Overdraft facility helps borrowers to meet essential needs such as food and rent at a daily fee, some 700,000 users joined app in six months.

By Patrick Alushula 2 years ago

‘Fuliza republic’: Kenyans borrow Sh1.6b daily amid economic woes

Lawsuit: Teachers risk Sh11b loss on Spire Bank liquidation

Mwalimu Sacco could suffer a Sh11.1 billion hit in liquidating Spire Bank, according to a petition at the High Court seeking to stop the process.

By Patrick Alushula 2 years ago

Lawsuit: Teachers risk Sh11b loss on Spire Bank liquidation

Kakuzi taps into reserves to pay record dividend

Agricultural firm Kakuzi has tapped into retained earnings to pay its highest ever dividends despite reporting the lowest profit in seven years.

By Patrick Alushula 2 years ago

Kakuzi taps into reserves to pay record dividend

Equity offers Sh11b dividend after a two-year drought

Equity Group has doubled its net profit for the year ended December 2021 to Sh40.07 billion on the back of increased income and reduced operating expe

By Patrick Alushula 2 years ago

Equity offers Sh11b dividend after a two-year drought

M-Pesa transfer charges: Pressure mounts on Safaricom

If the move to cut M-Pesa transfer charges is successful, it will mark another setback for Safaricom.

By Patrick Alushula 2 years ago

M-Pesa transfer charges: Pressure mounts on Safaricom

Equity proposes Sh11.32b dividend as profit doubles to Sh40b

The lender cut provisioning for loan defaults by 81 per cent or Sh20.79 billion to Sh5.84 billion compared to Sh26.63 billion for the previous year.

By Patrick Alushula 2 years ago

Equity proposes Sh11.32b dividend as profit doubles to Sh40b

Kenya Airways shareholders’ long wait for soft landing

The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back.

By Patrick Alushula 2 years ago

Kenya Airways shareholders’ long wait for soft landing

Dividend boom is here as banks turn the corner on Covid woes

Co-op Bank, which saw a 53 per cent jump in net profit to Sh16.5 billion, has maintained payout at Sh1 per share.

By Patrick Alushula 2 years ago

Dividend boom is here as banks turn the corner on Covid woes

Central Bank rescues borrowers from fangs of digital loan sharks

Operators risk being fined for debt shaming as CBK moves to bring them under its regulation from September.

By Patrick Alushula 2 years ago

Central Bank rescues borrowers from fangs of digital loan sharks

Expensive loans in the offing as banks seek CBK approval to increase interest rates

Risk-based pricing model will see the cost of credit jump past the current 13 per cent, regulator sent back several banks to rework their models

By Patrick Alushula 2 years ago

Expensive loans in the offing as banks seek CBK approval to increase interest rates

Co-op Bank net profit jumps 53pc to Sh16.5b

Co-operative Bank of Kenya's profit has jumped by more than half to Sh16.5 billion, helped by increased income and reduced expenses.

By Patrick Alushula 2 years ago

Co-op Bank net profit jumps 53pc to Sh16.5b

State officials gobble up over Sh11b on travel and hospitality

Government officials spent more than Sh11.11 billion on travel and hospitality in the half-year to December

By Patrick Alushula 2 years ago

State officials gobble up over Sh11b on travel and hospitality

KCB triples dividend as profit hits Sh34.2 billion

KCB Group has tripled its dividend payout to shareholders on the back of net profit rising 74.5 per cent to Sh34.2 billion.

By Patrick Alushula 2 years ago

KCB triples dividend as profit hits Sh34.2 billion

CIC bounces back from loss to post Sh668m profit

CIC Insurance Group has emerged from a loss to post the highest net profit in six years, helped by increased premiums.

By Patrick Alushula 2 years ago

CIC bounces back from loss to post Sh668m profit

Chilean soluble bags innovator awes Kenya, to set up plant in Athi River

It looks and serves the same purpose as a plastic bag. The difference is that it easily dissolves in water within no time.

By Patrick Alushula 2 years ago

Chilean soluble bags innovator awes Kenya, to set up plant in Athi River

CBK sets September as deadline for registration of digital lenders

Digital lenders have up to the end of September this year to register with the Central Bank of Kenya (CBK) or close their operations in the country.

By Patrick Alushula 2 years ago

CBK sets September as deadline for registration of digital lenders

StanChart staff costs hit six-year low on exits and retrenchments

StanChart's staff costs have fallen to the lowest level in six years after shedding over 800 jobs since 2014.

By Patrick Alushula 2 years ago

StanChart staff costs hit six-year low on exits and retrenchments

UBA Kenya lines up seed capital for 200 small businesses

UBA Kenya Bank has lined up $500,000 (Sh571,000) each for 200 SMEs under this year’s Tony Elumelu Foundation Entrepreneurship Programme.

By Patrick Alushula 2 years ago

UBA Kenya lines up seed capital for 200 small businesses

Boda boda insurance: Will underwriters make money by the ton or burn their fingers?

Insurers have all the reasons to be cautious. They have not had the best of times in underwriting private and commercial vehicles.

By Patrick Alushula 2 years ago

Boda boda insurance: Will underwriters make money by the ton or burn their fingers?

Stanchart gifts investors Sh7.2b in dividends as profit hits Sh9b

Final dividends to ordinary shareholders - Sh5.29 billion will be paid from May 25, 2022.

By Patrick Alushula 2 years ago

Stanchart gifts investors Sh7.2b in dividends as profit hits Sh9b

Why insurance shouldn’t be a ‘hit and run’ affair

?Insurance makes a big promise: pay premiums now when all is working, and I’ll be there in your darkest hours to provide the light.

By Patrick Alushula 2 years ago

Why insurance shouldn’t be a ‘hit and run’ affair

How the trade in masks, sanitisers rose and fell in the blink of an eye

Sales soared in the days following the first Covid case as government set out strict containment measures.

By Patrick Alushula 2 years ago

How the trade in masks, sanitisers rose and fell in the blink of an eye

Safaricom to spend Sh1.6b on fibre optic lease in Ethiopia

The lease agreement, which will run for five years, saves Safaricom from making greenfield investment for the infrastructure.

By Patrick Alushula 2 years ago

Safaricom to spend Sh1.6b on fibre optic lease in Ethiopia

Safaricom staff back in Ethiopia ahead of launch

Safaricom has taken employees back to Ethiopia to step up preparations for the commercial launch of its operations on the back of easing tensions.

By Patrick Alushula 2 years ago

Safaricom staff back in Ethiopia ahead of launch

Why Kenyan tea fetches peanuts

Comparative data from other key exporters shows they earned more in 2019 despite exporting lower volumes with their secret being in value addition.

By Patrick Alushula 2 years ago

Why Kenyan tea fetches peanuts

Mwalimu Sacco to sell Spire Bank to local lender for a song

Spire Bank as at September had accumulated losses of Sh9.19 billion and stayed in breach of all capital and liquidity ratios.

By Patrick Alushula 2 years ago

Mwalimu Sacco to sell Spire Bank to local lender for a song

Equity loans to cost up to 18.5pc after Central Bank nod

James Mwangi said the risk-based pricing formula allows it to price loans at between 13 per cent and 18.5 per cent.

By Patrick Alushula 2 years ago

Equity loans to cost up to 18.5pc after Central Bank nod

Bill seeks pedestrian lanes on roads

All public roads will have lanes or tracks for exclusive use by pedestrians in a proposed law seeking to enhance safety.

By Patrick Alushula 2 years ago

Bill seeks pedestrian lanes on roads

Stanbic Bank doubles dividends after record profit

Stanbic Holdings has more than doubled dividends after net profit grew 39 per cent, to hit the highest level in the lender’s history.

By Patrick Alushula 2 years ago

Stanbic Bank doubles dividends after record profit

Thirty-nine more Kenyans become dollar millionaires

About 873 Kenyans that fell off from the dollar millionaire club on the onset of Covid-19 have failed to reclaim their status...

By Patrick Alushula 2 years ago

Thirty-nine more Kenyans become dollar millionaires

Kenya eyes new tea markets to rescue farmers from low prices

Kenya plans to roll out a strategy to win new tea markets and cut reliance on a few markets. The move is aimed at rescuing farmers from low prices.

By Patrick Alushula 2 years ago

Kenya eyes new tea markets to rescue farmers from low prices

How Kenya's superhighways disrupt lives

A good road network is key to any country’s growth. However, for an informal economy like Kenya’s, roads are more than just tools of connectivity.

By Patrick Alushula 2 years ago

How Kenya's superhighways disrupt lives

Inflation dips to 16 month low to defy food prices rise

Inflation slowed from January’s 5.39 per cent to 5.07 per cent in February

By Patrick Alushula 2 years ago

Inflation dips to 16 month low to defy food prices rise

What shutting Russia out of SWIFT means

Swift is the acronym for Society for Worldwide Interbank Financial Telecommunication. It has been in existence since 1973.

By Patrick Alushula 2 years ago

What shutting Russia out of SWIFT means

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