Commercial property boom in South Africa
Commercial property in South Africa is rebounding strongly, offering high yields, longer leases, and low vacancies, but experts caution that successful investing involves weighing a number of factors.
NAIROBI, Aug 13 (Reuters) – Kenyan lender KCB Group’s first-half pretax profit rose 7%, helped by higher interest income, the bank said on Wednesday.
The group, which also operates in Democratic Republic of Congo, Tanzania, Rwanda, South Sudan, Uganda and Burundi, said first-half pretax profit jumped to 40.83 billion shillings ($317 million) from 38.11 billion shillings in the same period of 2024.
Net interest income rose to 69.1 billion shillings from 61.3 billion shillings.
KCB also said the sale of its Kenyan business, National Bank, to Nigeria's Access Group closed in May.
