TDB Group And ALSF Organize Inaugral Training For Public Sector Lawyers
The Eastern and Southern African Trade and Development Bank Group (TDB Group) and the African Legal Support Facility (ALSF) organized an inaugural training for public sector lawyers, following the signing [...]
Kenya's Central Bank spells Stiff jail terms, fines for Illegal Digital Moneylenders
The Central Bank of Kenya (Amendment) Bill 2021 seeks to regulate the digital money lending business and offer stiff penalties to rogue players in this space. This Bill has already [...]
Kenya Forex Reserves Rise for 3rd Week to $7.73 Billion
The amount of foreign exchange reserves held by the Central Bank of Kenya rose for the third consecutive week to $7.73 billion as of 22nd April from $7.66 billion a [...]
NSE Weekly Activity Dominated by Banks
The Nairobi Securities Exchange(NSE) saw the Banking Sector emerge top in turnover with Shares worth KSh 1.1 billion transacted, which accounted for 49.71% of the week’s traded value. Investors have [...]CBK Accepts KSh 13.4 Billion at Weekly Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 13.4 Billion at the Weekly Treasury Bills Auction. Investors submitted bids worth KSh 14.4 Billion, an undersubscription of 59.79%. The 182-day [...]Absa Group CEO Daniel Mminele Resigns After Fallout With Board
Absa Group Chief Executive Daniel Mminele has resigned and will be leaving the outfit on April 30th 2021. The move follows the Absa Group Board and Mminele failing to achieve [...]Mastercard buys Online identity Verification Startup Ekata for US$ 850 Million
Mastercard has strengthened its online identity management capability by acquiring Ekata, an identity verification firm, for US$850 Million. This move has been prompted by rapid digital transformation happening in online [...]UK Eyes Central Bank Digital Currency
The UK is considering creating a digital currency backed by the country's Central Bank. On Monday, the Bank of England and the Treasury announced a team of experts who will [...]Family Bank Redeems its KSh 2 Billion Corporate Bond
Family Bank has redeemed its five and half years Medium-Term Notes worth KSh 2.0188 Billion that was due on 19th April 2021. On this maturity date, the bondholders have been [...]Standard Bank Group appoints Yinka Sanni as New CEO for Africa
Standard Bank Group- considered the continent's, biggest lender by balance sheet size, has picked on Yinka Sanni as its new CEO for Africa Regions and a member of the Group [...]Relief for Depositors as CBK Approves Chase Bank's Liquidation
Five years after Chase Bank went into receivership, the Central Bank of Kenya (CBK) has today given the green light for the bank to be liquidated. The decision followed a [...]IFC, Philips, Coop Bank Partner to Avail KSh30 Billion to SMEs
The International Finance Corporation (IFC), health technology firm, Philips, and the Co-operative Bank of Kenya have partnered to availKSh30 billionto Small and Medium-Sized Enterprises (SMEs) in the health sector. The [...]
