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KEPSA joins launch of Kenya Tree Economy Initiative to drive corporate ESG agenda

Sacco ReviewJuly 27, 202607 mins

KEPSA joined the launch of the Kenya Tree Economy Initiative to mobilise corporate investment in ESG, nature restoration and green growth. The initiative unveiled a Tree Economy and ESG Investment Platform and a charter to promote collaboration on sustainability, carbon markets and biodiversity conservation. Partners said KETEI will support Kenya’s 15 Billion Tree Growing Programme…

Foreign investors offload Ksh10bn worth of shares from NSE

Sacco ReviewJune 9, 2026June 9, 202602 mins

Over 6,000 foreign investors, both individuals and corporates listed on the Nairobi Securities Exchange(NSE), sold their shares worth Ksh 10 billion from the top five companies in Kenya by the end of April 2026. The top Kenyan companies, Safaricom Plc, Equity Group, KCB Group, EABL, and Cooperative Bank of Kenya, claim normal operation despite the…

KCB Group posts Ksh47.3 billion profit for nine months ending September 2025

Sacco ReviewNovember 25, 202503 mins

KCB Group PLC has reported a profit after tax of Ksh47.3 billion for the nine months ending September 2025, a 3.5% increase from Ksh45.7 billion in the same period last year. The Group’s strong performance was driven by higher income across business lines and effective cost management, despite challenges in its markets. KCB’s balance sheet…

Six highest paid bank CEOs in Kenya earning over KSh65 million monthly salaries

Sacco ReviewMay 16, 2024May 16, 202403 mins

The CEOs of major Kenyan banks, including Equity, KCB Group, NCBA, Diamond Trust Bank (DTB), Standard Chartered Kenya (StanChart), and Absa, received a monthly pay exceeding KSh65 million last year. In the previously mentioned list of the top six banks, KCB Group’s Chief Executive, Paul Russo, was among the highest earners, receiving a monthly gross salary of KSh14.8…

KCB to sell National Bank of Kenya

Sacco ReviewMarch 22, 2024March 22, 202402 mins

Kenya’s KCB Group has said it will sell its subsidiary National Bank of Kenya (NBK) to Nigeria’s Access Group. During an investor briefing on Wednesday March 30, the KCB’s Chief Executive Paul Russo, said the deal was struck at 1.25 times book value, but did not give the exact figure. He said, “The right thing to…