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Companies raise workers' pay on easing infections

Companies raise workers’ pay on easing infections
Monday June 07 2021
The falling infections, coupled with the rising uptake of vaccinations sparked renewed demand for goods and services, prompting firms to increase output and hiring. PHOTO | AFP
By CONSTANT MUNDA
Salaries in Kenya’s private sector showed a month-on-month improvement for the first time in seven months as firms sought to motivate workers after the deadly third wave of coronavirus infections eased, a closely-watched survey suggests.
A majority of employers in key sectors of the economy such as agriculture, manufacturing, construction and services indicated they increased pay in May, according to findings of Stanbic Bank Kenya’s #ticker:SBIC Purchasing Managers Index (PMI). ....

Nairobi Area , Rift Valley , United Kingdom , Stanbic Bank Kenya , Ministry Of Health , Stanbic Bank , Managers Index , Staff Costs Index , Purchasing Managers Index , Ompanies Pay Rise , Covid 19 Impact , Job Recruitment , நைரோபி பரப்பளவு , பிளவு பள்ளத்தாக்கு , ஒன்றுபட்டது கிஂக்டம் , ஸ்டான்பிக் வங்கி கேந்ய , அமைச்சகம் ஆஃப் ஆரோக்கியம் , ஸ்டான்பிக் வங்கி , மேலாளர்கள் குறியீட்டு , வாங்குதல் மேலாளர்கள் குறியீட்டு ,

Jobs, paycuts slash payroll collection by Sh6.4 billion

Payroll taxes fell Sh6.4 billion in the quarter ended March despite the Treasury reinstating income tax cuts, highlighting the impact of Covid-19 on layoffs and pay cuts. ....

Ukur Yatani , Stanbic Bank Kenya Purchasing Managers Index , Federation Of Kenya Employers , Kenya Revenue Authority , Pay As You Earn , Kenya Employers , Jacqueline Mugo , Stanbic Bank Kenya , Purchasing Managers Index , ஸ்டான்பிக் வங்கி கேந்ய வாங்குதல் மேலாளர்கள் குறியீட்டு , கூட்டமைப்பு ஆஃப் கேந்ய முதலாளிகள் , கேந்ய வருவாய் அதிகாரம் , செலுத்த என நீங்கள் சம்பாதி , கேந்ய முதலாளிகள் , ஸ்டான்பிக் வங்கி கேந்ய , வாங்குதல் மேலாளர்கள் குறியீட்டு ,

Houses, trucks top Stanbic's Sh294m seizures of assets

Houses, trucks top Stanbic’s Sh294m seizures of assets
Friday May 07 2021
By PATRICK ALUSHULA
Summary
The total value of repossessed assets in the financial year ended December was a fall from Sh312.3 million in the previous period as loan restructurings softened the increased debt distress in the coronavirus environment.
The value of seized residential properties more than doubled from Sh50 million to Sh120 million in the financial year ended December, showing that more customers struggled to service their mortgages.
Residential houses, saloon vehicles, prime movers and trucks topped the list of Stanbic Bank’s Sh294 million asset seizures from individuals and firms that struggled with loan repayments following Covid-19 economic fallout. ....

Charles Mudiwa , Stanbic Bank Kenya , Stanbic Bank Sh , Stanbic Bank , Bank Kenya , Business Daily , சார்லஸ் முதிவா , ஸ்டான்பிக் வங்கி கேந்ய , ஸ்டான்பிக் வங்கி ஷ , ஸ்டான்பிக் வங்கி , வங்கி கேந்ய , வணிக தினசரி ,

Stanbic Bank partners with Ministry of Industrialization in a bid to support the MSME sector

Stanbic Bank partners with Ministry of Industrialization in a bid to support the MSME sector
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Stanbic Bank and Stanbic Kenya Foundation have signed an MoU with the Ministry of Industrialization, Trade and Enterprise Development in a bid to support Kenya’s Trade and Industrialization agenda as well as the MSMEs Sector in Kenya.
This move comes at a time when Kenya is in trade dialogues with various partners to prioritize industrialization as a key Big 4 agenda, while still recovering from the negative impacts of the global COVID 19 pandemic.
Speaking during the signing ceremony, the Cabinet Secretary for Industrialization, Trade and Enterprise Development, Hon. Betty Maina said, “SMEs play a vital role in driving economic growth and development and contribute to over 36% of the GDP. We must therefore support them through various intervention programs that allow them to reach their full potential. One of the government’s key focus is to partner with able ....

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Shoprite pays Sh1.5bn Stanbic loan

Shoprite pays Sh1.5bn Stanbic loan
Thursday April 22 2021
By VICTOR JUMA
Summary
South African retailer Shoprite Holdings has settled a Sh1.5 billion loan it took to fund its local operations from Stanbic Bank Kenya.
The supermarket chain announced last year that it was exiting the Kenyan market to cut its losses, causing uncertainty for the bank which had provided the loan without taking security.
Shoprite said in a trading update for the six months ended December that it had repaid the loan.
South African retailer Shoprite Holdings has settled a Sh1.5 billion loan it took to fund its local operations from Stanbic Bank Kenya. ....

Nairobi Area , South Africa , United Arab Emirates , South African , Majid Al Futtaim , Stanbic Bank Kenya , Nakumatt Holdings , Shoprite Holdings , Stanbic Bank , City Mall , நைரோபி பரப்பளவு , ஒன்றுபட்டது அரபு அமீரகங்கள் , மஜித் அல் பூட்டைம் , ஸ்டான்பிக் வங்கி கேந்ய , கடை ஹோல்டிங்ஸ் , ஸ்டான்பிக் வங்கி , நகரம் மால் ,