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 [...]National Bank named Kenya's “Best Bank in Customer Service”
National Bank of Kenya ( NSE: NBK) has received this year’s “Best Bank in Customer Service” award from the Institute of Customer Service (ICS) – Kenya. This win represents the [...]Safaricom emerges top in Africa ‘employer of choice’ awards
The first ever Careers in Africa Employer of Choice Awards were held in Johannesburg last week and Safaricom scooped two awards being named Africa Employer of Choice 2015 for Leadership [...]Emerging Markets Currencies fall in line with Commodity Prices
Emerging Markets Emerging-market currencies fell for the first time in a week as a deepening slump in commodity prices hurt the revenue outlook for countries from South Africa to Russia. [...]CBK issues a 5 Year Bond to raise Ksh 20 Billion for Budgetary Support
The CBK, on behalf of the government has put on offer a new issue 5 year bond, seeking to raise KES 20 Billion. The proceeds are all for budgetary support, as [...]Market Report 23 Nov 2015; NSE 20 Share Index hits above 4000
Kenyan Stock Market EQUITIES Turnover declined to Kes.375M from the previous session’s Kes.785M, the number of shares traded stood at 16M against 19M posted on Friday. INDICES The NSE 20 [...]Anti-Corruption Court issues a warrant of arrest against EX-Finance Minister David Mwiraria over Anglo Leasing
A Nairobi Anti-Corruption Court has issued a warrant of arrest against Kenya's Ex-Finance Minister David Mwiraria after he failed to turn up in court to take plea over the Anglo-Leasing scandal.This is the second [...]Kenyan Banks will lose licenses for recycling dirty money' warns President Uhuru
Banks that break Kenya's anti-money laundering rules will lose their licenses, President Uhuru Kenyatta said on Monday in his annual address to the nation. From today, we have agreed that [...]Tatu City Officially Launched
Tatu Industrial Park, the light factory area of Tatu City, broke ground on Tuesday on a 420-acre site with plans to target an additional 12 local and multinational companies by [...]Lamudi celebrates two years in market as internet penetration nears 70%
Kenya’s leading property portal, Lamudi has announced that the online real estate market is growing at an unprecedented rate as internet penetration nears 70 per cent. The group made the [...]
