CBK's 91,182,364 T-Bills Yield on 5-year Bond all sink at auction
The weighted average yield on Kenya's 182-day and 364-day Treasury bills slipped at auction on Wednesday, the central bank said. The yield on the 182-day bill slid to 10.092 percent [...]
Imperial Bank Shareholders accuse CBK of Delaying Reopening
Imperial Bank Top Shareholders have released a press statement accusing CBK and Kenya Deposit Insurance Corporation of failing to follow up the proposed restructuring plan hence delaying the reopening of IBL Brand. [...]Kenya's Standard Charted Bank Q3 Profits Crash by Ksh 2.24 Billion
Standard Chartered Q3 2015 Results Financials Standard Chartered Bank of Kenya announced its Q3 results. Net Interest income was up by 1.14% to KES 13.448 Billion. Total Non-Interest Income was down [...]Kenya's Wananchi Group appoints Spanish CEO
Wananchi Group, owner of the pay TV and fibre brand, Zuku with presence in Kenya, Tanzania, Malawi, Zambia and Uganda, today announced the appointment of Santiago Benedit as the new [...]NSE Market Report 25/11/2015
NSE Market Report 25/11/2015 Turnover at the bourse was down by 62.7% compared to the previous day. Turnover was KES 348 million. 16.4 Million Shares were traded. Gainers Counter Price [...]Vipingo Ridge Slashes Property prices
Growing interest in live-in golf estates has caused a 50 per cent rise in enquiries for property in the Coast’s Vipingo Ridge project. Out of 256 plots on sale in [...]Kiprono Kittony Quits KEPSA Board
Kiprono Kittony has resigned from the Kenya Private Sector Alliance board ver what he described as less than cordial working relationship. In a statement, the national chairman of the Kenya [...]Market Report 24/11/2015
NSE Market Report 24/11/2015 Turnover on the bourse was KES 932 Million. All share Index lost 1.67 points to close at 145.96 points. NSE 20 Index was slightly down [...]British Real Estate Firm postpones Listing on NSE's GEMS till 2016
St Paul’s Property Trust Plc, a UK-focused property investment company has postponed plans to list on the Nairobi Securities Exchange (NSE) few days after appointing a kenyan, Mr Vincent Rague to its [...]CBA Bank Safaricom hunting in Rwanda
Business Daily; Commercial Bank of Africa, Kenya’s largest privately owned bank, has applied for a licence in Rwanda, joining a growing queue of local lenders investing in Kigali, its top [...]UGANDA; A Sanitary products Company Sues Uchumi Supermarkets over uncleared debt of sh 63.4M
A supply company has sued Uchumi Supermarkets over uncleared debt to the tune of sh63.4m. The firm, 7 Days International Limited, deals in sanitary products. It alleges that it supplied [...]TANZANIA; Ex-Uchumi Employees ask President Magufuli to intervene payment of unsettled dues
Former Uchumi Supermarkets Tanzanian employees yesterday marched into the retailer's offices in Tanzania to demand for their dues which they claim Uchumi had not settled before closing down.The employees now [...]
