Kenya’s banking sector posted an 8.8 per cent decrease inprofitability in 2023 from $1.83 billion (Ksh240.4 billion) in December 2022, to $1.67 billion (Ksh219.2 billion) in December 2023. The decrease in profitability was attributed to a higher increase in total expenses of $1.34 billion (Ksh175.3 billion) compared to the rise in total income of $1.18…...
Trending
- Tribute: Moustapha Kassé, the ultimate watchman of the Dakar School
- Electricity: Taqa Morocco’s consolidated revenue remains almost stable in the first quarter of 2026
- Senegal: a government of 30 ministers without the Pastef (list)
- The strategic and managerial vision of the new leadership of Gécamines led by Baraka Kabemba
- Burkina Faso: Under the sun of the Popular Progressive Revolution, the state as a shareholder, a competitor to the private sector
- Dividends 2025: Nearly 121 billion CFA francs for the shareholders of Orange Côte d’Ivoire group
- Indebtedness is a profession: what Africa can learn from Benin (Finactu)
- Wave Mobile Money highlights youth, innovation, and financial inclusion at the Basketball Africa League Business Brunch in Kigali
Kenya’s banking sector profit falls 8.8 percent to $1.7 billion on high expenses
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com