KCB CEO Joshua Oigara says he is worth Ksh 220M
KCB Group CEO Joshua Oigara has today publicly declared his wealth as part of the ongoing efforts by government to push for transparency in the private sector to tame [...]
Cytonn settles Ksh 220 Million owed to PE Firm
In September,Cytonn Investments was in the market to raise Ksh 1.4 Billion from local and foreign investors through a private placement to fund its real estate projects. The debt instrument was part [...]Yield on CBK's 9-year infrastructure bond at 14.753%,T-Bills Rise at Auction
The weighted average yield on accepted bids for Kenya's 9-year infrastructure bond came in at 14.753 percent on Wednesday, the central bank said. The bank said it received bids worth [...]Ugandan Court orders Uchumi to pay supplier
A Ugandan Court has ordered Uchumi Supermarkets to pay more than UG Shs 1.2 Billion(Ksh 37MN) for recovery of unpaid supplies made to it between 2012 and 2015. Uganda's Registrar of the [...]Daily Market Report 9/12/2015
Nairobi NSE 20 and NASI index gained 7.75 points and 0.35 points respectively to close at 4,002.63 and 144.39. The volume of shares traded today was 17.42mn, valued at KES [...]BOC Kenya Issues a profit warning
NSE Listed firm, BOC Kenya has a issued a profit warning projecting that its Full Year 2015 Earnings will be at least 25% lower than last year's earnings. The management [...]Kenya ranked The Sixth most vulnerable economy in Africa
Kenya has been ranked as the 6th most vulnerable economy in Africa and is set to face major challenges as global economic turmoil continues to worsen. This is according to [...]BAT Faces Two Bribery claims in Uganda
A Ugandan Member of Parliament took Ksh 2.04 Million from British American Tobacco (BAT) company as an inducement to doctor a parliamentary report, the British Broadcasting Corporation (BBC) claims.This comes [...]Global Markets 8/12/2015
Global Markets A combination of weak Chinese economic data and lower commodity prices is weighing on global stocks for a second day. China's exports fell by a bigger-than-forecast 6.8 percent [...]Imperial Bank fate to be known in March 2016' says CBK Governor
REUTERS Kenya's central bank will have a clearer picture by March about how to deal with Imperial Bank, which was placed in receivership in October when fraud was uncovered, the [...]Daily Market Report 8/12/2015
NSE Market Report 8/12/2015 NSE 20 and NASI index gained 4.86 points and 0.43 points respectively to close at 3,994.88 and 144.04. Atlas Development gained 8.33 percent to close at [...]Blacklisted Tsavo securities says ban by CMA was illegal
A company blacklisted by Kenya's Capital Markets Authority is challenging the decision arguing it was illegal as it has always been an investment advisor and not stock broker. Through its [...]
