MIGA VP to visit Kenya to encourage Private Sector Investment
Multilateral Investment Guarantee Agency (MIGA) Chief operating officer and Vice President S. Vijay Iyer will be visiting Kenya and Rwanda from September 7-15th. The purpose of the visit is to [...]
Broker recommends ‘BUY’ rating on Equity Bank
Apex Africa Capital has recommended a BUY on Equity Group Holdings Plc driven by a projected upside potential of 14.1%, with expectations that current dividend of Ksh 2.00 will be [...]
Ex-Chase Bank directors’ pre-trial postponed
The court has postponed a pre-trial hearing for two former Chase Bank directors and eight others accused of swindling the bank over Ksh 1.6 billion. This after the defense lawyers [...]
World Remit launches digital money transfers within East Africa
Online money transfer service World Remit says it has launched a new digital money transfer service to be rolled out in Kenya, Rwanda, Tanzania and Uganda. The new service is expected [...]
20 new UK businesses to set up shop in Kenya
Twenty UK businesses are planning to set shop in Kenya as recently announced by British Prime Minister Theresa May, where she termed the action as a clear demonstration of the [...]
Bank charges still ‘cloudy’ unknown to the consumer FSD
Despite calculated efforts such as the CBK’s 2013 new prudential guidelines and the proposed Financial Markets Conduct Bill introduced earlier this year to ensure consumer protection and transparency in the [...]
Kirubi’s HACO industries transfers ‘BIC’ brand to parent company
After nearly 40 years of franchising the BIC brand, HACO Industries Kenya Ltd has decided to transfer its manufacturing facilities and distribution of BIC products back to multinational parent company [...]
Kenya Re reports 24% decline in earnings to Sh 1.2 billion
Kenya Re has reported a profit decline of 24% to Ksh 1.2 billon during the six month period ended in June 2018. Gross written premiums declined by 15.6% while net [...]
Bamburi Cement Posts 78% decline in Half Year Earnings
Bamburi Cement has reported a 78.3% decline in half year earnings to Sh 399 million. The listed cement manufacturer says the period was challenging as the market continued to contract [...]
HF Group Half Year Earnings Plunge by 96% to Sh 6.8M
Housing Finance (HF) Group has reported its financial results for the half year period ended June 2018 with net earnings for the period down by 95.7% to Sh 6.8 million [...]
JSE launches online trading unit for Govt bonds
Africa’s largest bourse Johannesburg Stock Exchange (JSE) has officially launched an electronic trading platform (ETP) for government bonds, in partnership with the country's ministry of Treasury and a multi-stakeholder group [...]
StanChart eyes Ethiopian Market
Standard Chartered Bank has taken a key interest in Ethiopia’s Banking Industry which is tightly closed off to foreign investment and dominated by state-owned banks. While speaking to Bloomberg, StanChart [...]
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