Kenya Commercial Bank News
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Kenya Commercial Bank Ltd., the country’s biggest lender by market value and assets, said first- quarter profit climbed 25 percent as income from loans increased and costs were little changed.
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Kenya Commercial Bank Ltd., the country’s biggest lender by market value and assets, headed for a record high on speculation it will follow competitors in reporting increased first-quarter earnings today.
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Rwanda’s Stock Exchange plans to have its first listing since June 2011 this year with I&M Bank’s local unit, Banque Commerciale du Rwanda Ltd., Capital Market Authority Chief Executive Officer Robert Mathue said.
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Takaful Insurance of Africa Ltd., Kenya’s only Shariah-compliant insurer, plans to expand its operations into five East African nations, Chief Executive Officer Hassan Bashir said.
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Kenya’s shilling rose to the highest in almost eight months against the dollar on subdued demand for the U.S. currency and increasing foreign investment in the East African nation.
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Kenya’s shilling strengthened against the dollar after President Uhuru Kenyatta pledged to boost businesses and improve infrastructure as he was sworn into office yesterday, capping a peaceful transition of power.
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Kenya’s shilling strengthened to the highest in almost seven months as investors brought dollars into East Africa’s biggest economy to buy into a rally on its stock market, according to Kenya Commercial Bank Ltd.
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Kenya’s currency is trading at its highest level in 10 weeks and stocks are rallying as investors bet the East African nation will avoid a repeat of the prolonged violence that followed 2007 elections in today’s vote.
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Kenya Commercial Bank Ltd., the country’s biggest lender by assets, rose to a record high on speculation profit increased last year.
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Kenya Commercial Bank Ltd., the East African nation’s biggest lender by market value and assets, said full-year profit jumped 11 percent, in line with estimates, as expansion offset slower bad-loan recoveries
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