Stanbic Holdings Plc posted KSh6.3 billion profit after tax last year, a 46 percent growth from the previous year’s KSh4.3 billion, driven by growth in customer loans and deposits.
Operating conditions in Kenya’s private sector saw another solid uplift at the start of the year, despite the rate of improvement edging down from December. Output and new orders continued to expand sharply.
Kenyan private sector businesses enjoyed a solid improvement in operating conditions during December. Output and new orders recorded further sharp increases, with the latter growing at a faster rate than in November.
Operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
Kenyan private sector firms saw a stronger improvement in operating conditions in October, as latest survey data indicated solid growth in new business. In particular, export demand grew rapidly, while new projects and favourable weather conditions also boosted output.
September data signalled a slower improvement in business conditions in Kenya’s private sector, with the latest expansion being the weakest in the current ten-month phase of growth.