Family Bank says its Cooperating with Investigators
Family Bank Ltd., a closely held Kenyan lender, said it’s cooperating with authorities after the state prosecutor ordered investigators to ...
ATLAS establishes industrial division, Acquires Ethiopian Company
Trading update, establishment of industrial division and acquisition Atlas (AIM, NSE: ADSS) is pleased to announce that it is creating ...
KCB shelves plans to increase lending rates,says market conditions have softened
Kenya Commercial Bank Group have heeded Central Bank's calls not to increase its lending rates and therefore halted plans to increase rates ...
High Court Stops CBK from Winding Up Dubai Bank
The dissolution of Dubai Bank has been stopped after the High Court ruled that the Central Bank move to wind ...
Tough market for Kenyan banks In Uganda
The recent action by Bank of Uganda (BoU) to take over the management of Imperial Bank Uganda has put ...
Walmart Earnings beat expectations, shares up
Wal-Mart Stores Inc reported slightly stronger-than-expected quarterly earnings on Tuesday as it booked its fifth straight gain in US same-store ...
Oil prices edge up, but glut still in place
Oil prices edged up yesterday following reports of falling stockpiles and rising refinery activity, but analysts said the market would ...
Nigeria’s growth slows down to 2.84% in the third quarter
Nigeria’s economic growth slowed to 2.84 per cent in the third quarter of 2015 from 6.23 per cent a year ...
IMF pushes for change as African Growth slows down
The International Monetary Fund (IMF) has called on African policymakers to adjust to cope with the economic growth slowdown and ...
Treasury trims 2015 growth forecast to 5.8-6%
The National Treasury has lowered Kenya’s growth forecast owing to the impact of tighter monetary policy and the El Nino ...