DTB Profit after Tax Sees an Uptick in 2023

Diamond Trust Bank (DTB) Group delivered an impressive performance in its FY2023 financial results, with profits up 28.6% after tax to Kshs 7.79 billion over the previous year. This impressive growth reflects DTB’s ability to capitalize on strategic loan growth, diversify income streams, and maintain a focus on expense management. One of the cornerstones of…

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The Future of M-Pesa as Safaricom Plans to Establish a Presence in Nigeria

Talking about the potential of M-PESA in Nigeria brings forth opportunities for financial inclusion and creativity in the area.  Safaricom’s proven success in Kenya and other East African nations indicates that entering Nigeria could revolutionize the mobile money sector.  Teaming up with Access Holding and Coronation Group positions M-PESA to reach a market with over…

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Equity Group Delivers Strong Growth, Announces Record Dividend

Equity Group’s outstanding financial results in FY 2023 further established its position as a top regional financial services provider.  Demonstrating robust growth across key financial indicators, Equity Group unveiled a record dividend proposal that highlights its dedication to providing value to shareholders. For the second year in a row, Equity Group has declared dividends of…

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sidian bank

Sidian Bank’s Catalyst Effect on SME Growth in Kenya

Sidian Bank, a Kenyan financial institution, specializes in serving small and medium-sized enterprises (SMEs).  While specific research on its impact is lacking, various articles emphasize the crucial role of SME banking in Kenya’s economic development.  SMEs face challenges due to limited access to finance, making Kenya’s financial sector a key driver of economic growth.  The…

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Shaping Futures: Inside the Sh100B Pension Fund Partnership

The recent Sh100 billion pension fund partnership involving NCBA, Co-op, and Stanbic Bank is poised to significantly impact the financial future of 350,000 Kenyan civil servants.  This collaboration aims to provide a secure investment platform for the Public Service Superannuation Scheme (PSSS) and the Civil Servants’ Pension Fund, contributing to Kenya’s broader infrastructure plans.  Recognizing…

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kcb tanzania

Sidian Bank’s Evolution: A Shift to MKU Towers in Nairobi CBD

Sidian Bank has relocated to MKU Towers along Moi Avenue as part of its expansion strategy, aiming to enhance customer accessibility.  This move aligns with the bank’s commitment to bringing services closer to customers, evidenced by recent branch openings.  The relocation is anticipated to align with the bank’s larger objective of expanding operations and enhancing…

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