Page 4 - Stanbic Kenya News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stanbic Holdings reports Sh5bn net profit for 2020 Friday March 05 2021 By ELIZABETH KIVUVA The Nairobi Securities Exchange-listed lender made Sh5.19 billion last year down from Sh6.38 billion recorded in 2019. The profit of Stanbic Bank and its investment arm, SBG Securities, both declined by 19 per cent and 71 per cent respectively pulling down the group’s performance. Higher loan provisioning across the banking industry ate into the lenders’ profitability as bad loans and cost took a sharp rise in an economy that was battered by the pandemic-related woes. Six of the 11 listed banks hav...

Government Announces 2000 Jobs for Youth 16 February 2021 - 8:00 pm Jobseekers queue on Wabera Street, Nairobi, as they wait to be interviewed by The Sarova Stanley on May 26, 2018. Facebook The Ministry of Industrialization, Trade and Enterprise Development on February 16, earmarked an estimated 50,000 entrepreneurs to enroll in a training program to enhance digital literacy within micro, small and medium size businesses in Kenya. Through this program, the government is set to place 2,000 youth into employment by the end of the year. This digital skills training program is aimed at enhancing...

The programme will target individuals who have lost their jobs during the COVID-19 economic downturn that led to numerous job losses in the country. Stanbic bank and Microsoft Kenya will roll out the programme across the various counties in Kenya with support from the Ministry and its supporting state agencies that will see a total of 1,000 government employees upskilled and seconded to the program as instructors. The program expects to place 2,000 youth into employment by the end of 2021. Speaking during the launch of the partnership, the Cabinet Secretary for the Ministry of Industrializati...