Kenya's Co-op Bank Reports Ksh14.65 Billion Profit

[MK254]

Co-operative Bank has reported a Ksh14.65 billion in profit before tax for the first nine months of 2018, for the period ending September 30.

This represents a 7 per cent rise attributed to operating efficiencies and cost control.

The profit after tax for the lender was reported at Ksh10.31 billion from Ksh9.54 billion a year earlier.


“Against the backdrop of a challenging economic environment in the period, profit after tax was Ksh10.31 billion compared to Ksh9.54 billion in the previous year. Co-operative Bank of South Sudan made a profit before tax of Ksh235.12 million in the third quarter of 2018 compared with a profit of Ksh39.15 million in the corresponding period in 2017,” read a statement from the bank.
Income from government securities went up by 13.5 per cent from Ksh6.12 billion to Ksh6.95 billion.
Growth in interest income from loans and advances to customers rose by one per cent to Ksh23.77 billion from Ksh23.58 billion last year.
Employee costs rose by 12.3 per cent to Ksh8.1 billion while non-funded income rose by four per cent to Ksh10.58 billion. Total interest expenses rose by one per cent to Ksh9.15 billion.
Co-op Bank Reports Ksh14.65 Billion Profit Before Tax In Nine Months

 

[willyTrinidad]

Let’s see if as usual watakuja kupaka matope any +news ya Kenya.

Meanwhile watadefend this kind of shocking news...this one forwarded to me by a business colleague in South Africa. He was asking me whether it’s safe to invest Dar.......Tz wake up!, mtajipata kama Kenya 24years later..

Tanzania fast becoming an uninvestable basket case
Tanzania’s fabric is unravelling, and any SA business there needs to reconsider with whom it chooses to consort
in Opinion / Editorials

Tanzanian President John Magufuli. Picture: REUTERS/SADI SAID
Tanzania is well on its way to becoming an uninvestable basket case, with scant regard for the sort of values enshrined in SA’s constitution. The rest of the world is noticing too. As The Economist put it this month, under President John Magufuli Tanzania is "on the descent from patchy democracy towards slapdash dictatorship".
Last week, former the Mail & Guardian editor Angela Quintal (now with the Committee to Protect Journalists) was detained by Tanzanian police, who then sent out a message in her name falsely claiming she’d been released.
Quintal was later set free. But our minister of international relations & co-operation, Lindiwe Sisulu, claimed Quintal’s team hadn’t "familiarised" themselves with Tanzania’s laws — a worrying statement.
But this isn’t the only disturbing incident. There has been talk by Tanzanian officials of setting up "surveillance squads" to trace incidents of homosexuality. There is also a willingness to throw opposition MPs into prison for treason and jail musicians who criticise the president. Businessmen have been shaken down for cash or jailed. Magufuli, hailed as a corruption-buster when elected in 2015, has become a despot.
Tanzania’s fabric is unravelling, and any SA business there needs to reconsider with whom it chooses to consort.

 

[vulcan]

TZ should do away with CCM like we did away with KANU, having a single party in power for all those years stifles new leaders with new ideas. lakini wapi??? huwezi ambia hawa watu kitu chochote.

 

[pingli-nywee]

Safi sana, performance ya Co-Op Bank ni kitu cha kujivunia sana, ukizangatia kwamba benki yenyewe chimbuko lake ni Co-operative Societies mbali mbali, za wakulima wa Kenya kule mashinani.

 

[MK254]

Let’s see if as usual watakuja kupaka matope any +news ya Kenya.

Meanwhile watadefend this kind of shocking news...this one forwarded to me by a business colleague in South Africa. He was asking me whether it’s safe to invest Dar.......Tz wake up!, mtajipata kama Kenya 24years later..

Tanzania fast becoming an uninvestable basket case
Tanzania’s fabric is unravelling, and any SA business there needs to reconsider with whom it chooses to consort
in Opinion / Editorials

Tanzanian President John Magufuli. Picture: REUTERS/SADI SAID
Tanzania is well on its way to becoming an uninvestable basket case, with scant regard for the sort of values enshrined in SA’s constitution. The rest of the world is noticing too. As The Economist put it this month, under President John Magufuli Tanzania is "on the descent from patchy democracy towards slapdash dictatorship".
Last week, former the Mail & Guardian editor Angela Quintal (now with the Committee to Protect Journalists) was detained by Tanzanian police, who then sent out a message in her name falsely claiming she’d been released.
Quintal was later set free. But our minister of international relations & co-operation, Lindiwe Sisulu, claimed Quintal’s team hadn’t "familiarised" themselves with Tanzania’s laws — a worrying statement.
But this isn’t the only disturbing incident. There has been talk by Tanzanian officials of setting up "surveillance squads" to trace incidents of homosexuality. There is also a willingness to throw opposition MPs into prison for treason and jail musicians who criticise the president. Businessmen have been shaken down for cash or jailed. Magufuli, hailed as a corruption-buster when elected in 2015, has become a despot.
Tanzania’s fabric is unravelling, and any SA business there needs to reconsider with whom it chooses to consort.

Haya yanatoka kwa 'ndugu' zao wa Afrika Kusini, huwa wanalazimisha undugu na hawa jamaa wa Kusini mwa Afrika....

 

[JKasuku255]

Let’s see if as usual watakuja kupaka matope any +news ya Kenya.

Meanwhile watadefend this kind of shocking news...this one forwarded to me by a business colleague in South Africa. He was asking me whether it’s safe to invest Dar.......Tz wake up!, mtajipata kama Kenya 24years later..

Tanzania fast becoming an uninvestable basket case
Tanzania’s fabric is unravelling, and any SA business there needs to reconsider with whom it chooses to consort
in Opinion / Editorials

Tanzanian President John Magufuli. Picture: REUTERS/SADI SAID
Tanzania is well on its way to becoming an uninvestable basket case, with scant regard for the sort of values enshrined in SA’s constitution. The rest of the world is noticing too. As The Economist put it this month, under President John Magufuli Tanzania is "on the descent from patchy democracy towards slapdash dictatorship".
Last week, former the Mail & Guardian editor Angela Quintal (now with the Committee to Protect Journalists) was detained by Tanzanian police, who then sent out a message in her name falsely claiming she’d been released.
Quintal was later set free. But our minister of international relations & co-operation, Lindiwe Sisulu, claimed Quintal’s team hadn’t "familiarised" themselves with Tanzania’s laws — a worrying statement.
But this isn’t the only disturbing incident. There has been talk by Tanzanian officials of setting up "surveillance squads" to trace incidents of homosexuality. There is also a willingness to throw opposition MPs into prison for treason and jail musicians who criticise the president. Businessmen have been shaken down for cash or jailed. Magufuli, hailed as a corruption-buster when elected in 2015, has become a despot.
Tanzania’s fabric is unravelling, and any SA business there needs to reconsider with whom it chooses to consort.

TOM EATON: Tanzania is winning at becoming a failed state

 

[mulisaaa]

View attachment 936612

TOM EATON: Tanzania is winning at becoming a failed state

World Bank😂😂😂😂😂

 

[mulisaaa]

View attachment 936612

TOM EATON: Tanzania is winning at becoming a failed state

World Bank😂😂😂😂😂

 

[mulisaaa]

TZ should do away with CCM like we did away with KANU, having a single party in power for all those years stifles new leaders with new ideas. lakini wapi??? huwezi ambia hawa watu kitu chochote.

World Bank 😂😂😂😁

 

[mulisaaa]

TZ should do away with CCM like we did away with KANU, having a single party in power for all those years stifles new leaders with new ideas. lakini wapi??? huwezi ambia hawa watu kitu chochote.

World Bank 😂😂😂😂😂😂😂

 

[vulcan]

World Bank 😂😂😂😁

still does not invalidate my point

 

[JKasuku255]

Tanzania Says $300 Million World Bank Funding Still Available

Tanzania will still receive $300 million in World Bank funding for secondary school education, the presidency said after a visit by the lender’s vice president, Hafez Ghanem.


Several newspapers and broadcasters reported in the past two weeks that the World Bank blocked the funding after President John Magufuli said his government would not allow girls who fall pregnant and deliver a baby back to school.

“He has come to assure us that the World Bank will not leave us,” Magufuli said of Ghanem’s visit in a statement emailed by his office. The Washington-based lender has development projects in Tanzania worth $5.2 billion, Magufuli said.


The East African leader is facing criticism for what some advocacy groups and Western governments say is growing authoritarianism against the media, human-rights activists and political opposition. The European Union said Friday it was reviewing its policies toward Tanzania after recalling its ambassador earlier this month, citing a worsening human-rights situation.

Hehehehehe propaganda za CCM