MPs publish Bill to control interest rates
Business Daily; Parliament has stepped up its bid to tame high interest rates through legislation just weeks after commercial banks heeded a call by the Central Bank of Kenya (CBK) [...]
Diamond Trust Bank Kenya reports 9-month profit before tax of Ksh 6.91 Billion
9-Months ended Sept. 30, 2015 group total interest income of 18.39 billion shillings versus 15.14 billion shillings -9-Months ended Sept. 30, 2015 group profit before tax of 6.91 billion shillings [...]ASEA 2015; African Stock Exchanges trying to agree on a single Index
The annual ASEA Conference (African Security Exchange Association Conference) opened in Johannesburg last Sunday, November 15. The meeting is taking place after a very difficult year for most African exchanges, [...]Tuskys Seeks IPO
Tuskys Seek IPO Tuskys Supermarket will go public in the next four to five years. Dan Githua, Tuskys Supermarket's Chief Executive Officer, said that the chain plans to sell shares [...]Uchumi Supermarkets Report Card since Kipngetich took charge as CEO
Mr Julius Kipngetich took over on 25th August 2015 as the new Uchumi Supermarkets CEO.In exactly three months that he has been in office,Here is a report on his achievements,failures and analysis [...]Five Imperial Bank Directors Grilled by Banking Fraud detectives
Five directors of Imperial Bank were on Saturday afternoon questioned by banking fraud detectives at the CBK Pension House In Nairobi.More details on the outcome of the grilling will be [...]Central Bank Of India hit as 17,000 employees take Mass Casual leave'
Most of the Reserve Bank of India’s (RBI) 17,000 employees went on strike on Thursday nationwide to demand higher pensions and to protest against decreasing the regulatory authority of the central bank. The [...]Court issues warrant of arrest against 5 Excutives of Dubai Bank
Nairobi Court has issued warrants of arrest against five senior managers of the collapsed Dubai Bank for failing to honour summons to appear in court to answer charges for allegedly stealing [...]Nakumatt acquires Yako Supermarkets at Undisclosed fee
Regional retailer Nakumatt Holdings has successfully closed a business acquisition deal, setting the stage for its enhanced expansion in Western Kenya. In the deal formally announced on 21st November, Nakumatt Holdings, [...]Equity Bank to Partner with Helios in cracking Ethiopian Market
Equity intends to enter the Ethiopian market within the next two years and may form a partnership with London-based private equity firm and former' shareholder Helios Investment Partners to provide [...]WEEKLY MARKET REPORT
The Week in Numbers This Week Last Week Turnover (Bn) 3.5 2.3 Volume (Mn) 115 77 Market Cap (Bn) 2,068.44 2,016.06 All Share Index (NASI) 147.04 143.32 NSE 20 Index [...]FORBES Reveal Kenya's Top Three Wealthiest in 2015
Africa’s wealthiest 50 are worth $95.6 Billion, a decline of $15 billion from a year ago.Nigeria's Aliko Dangote retained his spot as number one richest African for the fifth year [...]
