Transnet Group CEO Portia Derby once exercised oversight on state-owned entities (SOEs) as director-general of public enterprises. She now occupies ... the hot seat at a company often described as the “spinal cord” of South Africa’s economy. Meet CEO Derby's executive team at Transnet.
Tier-one banks such as Equity Group witnessed a 36% net profit growth to KSh24.4bn ($202m), meaning the lender earned roughly KSh135.6m every day, including weekends, across the six months to June 2022.
Others like Kenya Commercial Bank (KCB), Co-operative bank, Absa bank Kenya, and NCBA Group also had their earnings surge significantly by 28.4%, 45%, 13% and 11%, respectively, in their half year trading. Most banks attribute revenue surge to, among other things, increased lending and growth in interest income.