Stanbic Holdings

Stanbic Holdings FY’2016 results: Profit after tax declined by 9.9% to Ksh.4.4 billion

Stanbic Holdings released FY’2016 results posting a 9.9 percent decline in core earnings per share to Ksh.11.2 from Ksh.12.4 in FY’2015 driven by a 30.1 percent growth in operating expenses to Ksh.12.5 billion from Ksh.9.6 billion, which outpaced operating income that grew by 9.3 percent to Ksh.18.5 billion from Ksh.16.9 billion. Key highlights for the

Barclays Bank of Kenya

Barclays Bank of Kenya FY’2016 results: Profit after tax declined by 12.3% to Ksh.7.4 billion

Barclays Bank of Kenya Ltd released their FY’2016 results recording core earnings per share decline of 12.5 percent to Ksh.1.4 from Ksh.1.6 in FY’2015. The drop in core earnings was driven by a 19.8 percent growth in total operating expenses which outpaced a 7.5 percent growth in total operating revenue. Key highlights for the performance

Kenafric Industries

French based Amethis Finance and South African Metier partner to jointly acquire a 40% stake in Kenya’s Kenafric Industries

Amethis Finance and Metier have partnered to jointly acquire a significant minority stake of 40 percent in Kenafric Industries for an undisclosed amount. The transaction is limited to the confectionary and culinary business lines, with the footwear and stationery business lines being operated separately by the Shah family. “We are excited about the partnership with