CIC Group, linked to Kenyan tycoon Gideon Muriuki, unveils $5.6 million bonus issue
It underscores CIC Group’s commitment to enhancing superior shareholder value while strengthening liquidity and accessibility in the market.
Gideon Muriuki
Co-op Bank shatters records with $197.1 million profit under Gideon Muriuki
Co-op Bank posts a record $197.1 million profit for 2024, driven by strong revenue growth, efficiency gains, and a 12.5% rise in total operating income.
Co-op Bank reports $100.1-million profit, joins MSCI Frontier Markets Index
Kenya’s Co-operative Bank achieves remarkable growth, boosts global visibility, and plans local expansion.
Co-op Bank profit rises to $148 million amid expansion drive
Co-op Bank reports 4.4-percent profit growth despite rising costs from expansion and staff investment.
Co-op Bank signs $3.8-million deal for water, sanitation projects in Kenya
Co-op Bank secures $3.8 million partnership aimed at improving clean water and sanitation access across the country.
Kenyan tycoon Gideon Muriuki buys 20 million shares in CIC Insurance Group
Gideon Muriuki’s increased stake in CIC Group, alongside his 1.75 percent stake in Co-op Bank, solidifies his position among the wealthiest investors on the Nairobi Securities Exchange.
CIC Group, linked to Kenyan tycoon Gideon Muriuki, reports $10.9 million profit in 2023
Gideon Muriuki, a leading Kenyan tycoon, and the CEO of Co-op Bank, holds the largest individual stake in CIC Group at 5.27 percent, representing 137,824,304 shares,
Kenyan tycoon Gideon Muriuki’s Co-op Bank eyes expansion after robust Q1 2024 performance
The bank aims to open 15 new branches this year, reaching 210 outlets. Recent openings include Imaara Mall on Mombasa Road and Ugunja in Siaya.
Kenyan banker Gideon Muriuki’s Co-op Bank posts $50.25-million profit in Q1 2024
Muriuki, who has played a pivotal role in the bank’s expansion, holds a two-percent stake in the group, now valued at more than $12 million.
Co-op Bank led by Gideon Muriuki secures $25.2 million to support women-owned businesses in Kenya
Muriuki, Co-op Bank’s CEO and managing director, welcomed the financing, emphasizing the critical need to bolster support for women-owned businesses.
Kenyan tycoon Gideon Muriuki-led bank’s wealth arm hits $1.7 billion in assets under management
Co-op Trust’s assets have quadrupled since 2014, rising from Ksh52.5 billion ($392.4 million) to Ksh218.38 billion ($1.7 billion) in 2023.
Kenyan tycoon Gideon Muriuki’s Co-op Bank provides $3.75-million boost to brokerage unit
The loan, marking an increase from the previous year’s advances, underscores Co-op Bank’s steadfast support for Kingdom Securities.
Kenyan tycoon Gideon Muriuki’s Co-op Bank to distribute $66.45-million dividend
The proposed dividend marks a significant milestone for the group and reflects its strong financial position.
Kenyan banker Gideon Muriuki gains $2.6 million from Co-op Bank stake
Gideon Muriuki’s $2.6 million gain underscores the positive impact of his leadership at Co-op Bank.
Kenyan banker Gideon Muriuki leads Co-op Bank to record $170-million profit in 2023
Muriuki, who was instrumental in the Co-op Bank’s expansion, owns a two-percent stake in the leading financial services group.
