Victor Juma - Profile and Journalist Details
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Victor Juma
Verified
Senior Business Reporter, Business Daily Africa
Beats
Travel, Safari , Wildlife, Organised Crime , Adventure, Beach , Corruption
I am open to the pitch
Content
By Victor Juma Verified| Business Daily Africa Verified Ratings agency Moody’s has upgraded its outlook for Kenyan banks, citing improved macro-economic conditions in the country including the stable shilling and falling interest rates. The agency says banks’ profitability will drop but remain strong this year, as the industry adjusts to lower lending margins, returns on government securities and higher provisions for bad loans. “We have revised our outlook on the banking system of Kenya (Caa1 positive) to stable from negative.
By Victor Juma Verified| Business Daily Africa Verified Carbacid Investments recorded a 10.3 percent drop in net profit to Sh434.9 million in the half year ended January as a stronger shilling eroded the value of its sales in the regional markets. The carbon dioxide manufacturer, whose product is used by producers of alcohol and soft drinks, had posted a net income of Sh485.1 million a year earlier.
By Victor Juma Verified| Business Daily Africa Verified Ratings agency Moody’s has upgraded its outlook for Kenyan banks, citing improved macro-economic conditions in the country including the stable shilling and falling interest rates. The agency says banks’ profitability will drop but remain strong this year, as the industry adjusts to lower lending margins, returns on government securities and higher provisions for bad loans. “We have revised our outlook on the banking system of Kenya (Caa1 positive) to stable from negative.
Company Info
Business Daily Africa
Business Daily Africa is an online platform that publishes stories from the Business Daily newspaper, part of the Nation Media Group based in Nairobi, Kenya. It serves as a leading source of business news in East Africa, aiming to support economic growth by providing essential business information. The platform is staffed by skilled professionals, including business journalists and industry experts, making it a hub for business insights. Business Daily Africa offers a variety of services focused on business news and analysis. It publishes daily newsletters featuring top headlines and weekly updates covering sectors such as tourism, agribusiness, engineering, and stock market news. The platform provides both print and digital news content, including exclusive web-only articles. It targets a diverse audience interested in East African business, including investors, entrepreneurs, and professionals across various sectors.
Nairobi, Nairobi County, Kenya
'+254 20 3288000
Founded: 2007