Equity Bank Kenya Staff Numbers Dropped to 7,763 in 2023-Sustainability Report
The number of employees working in Equity Bank (Kenya) reduced by 415 to 7,763 last year from 8,178 in 2022, according to lender’s latest sustainability report. The Group’s total number [...]
Stanbic Bank Enters Asset Management with Money Market Fund
Stanbic Bank Kenya has entered asset management through its newly established Insurance and Asset Management Unit, with plans to introduce more investment products. “To drive growth, we must mobilise domestic [...]Money Market Funds Dominate as Unit Trusts' Assets Cross Ksh 250bn
The value of combined assets of all Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, operating in Kenya has crossed the 250 billion mark for [...]Kenya Joins Asian Infrastructure Investment Bank, Eyes Funding
Kenya has formally joined the multilateral Asian Infrastructure Investment Bank (AIIB) as a fully paid member, which will see it access concessional funding for infrastructure, climate change efforts, connectivity, regional [...]KEDA Ceramics to Acquire Key Assets of Ramco Group's Ramoda Ceramics
The Competition Authority of Kenya (CAK) has approved the acquisition of certain assets of Ramoda Ceramics by KEDA (Kenya) Ceramics Company, which will see the latter's market share increase to [...]CS John Mbadi Forms Committee to Oversee Switch to Accrual Basis of Accounting
The Cabinet Secretary (CS) for National Treasury John Mbadi has appointed a Steering Committee to oversee the transition from cash basis to accrual basis of accounting. CS Mbadi has appointed [...]Former BOC Kenya Chair Kiuna Ngugi Loses Bid to Block Carbacid Deal
The Capital Markets Tribunal has dismissed Kiuna Ngugi’s a former BOC Kenya chair and minority shareholder appeal challenging the takeover of BOC Kenya by Carbacid Investments PLC and [...]What Kenyan Banks Charge on Loans-CBK
Information on the cost of loan by Central Bank of Kenya (CBK) indicates borrowers pay between 9 to 20.96 per cent on loans, depending on which lender one banks with. [...]AI Startup Chpter. Raises US$1.2mn in Pre-seed Funding
Chpter, an AI-powered conversational commerce platform, has raised US$1.2 million in their pre-seed round to expand product visibility and enhance clients' marketing capabilities. At Pani we’re always on the look [...]AFSA Accuses Agra of Undue Influence on Agricultural Policies in Africa
An alliance of civil society groups has accused The Alliance for a Green Revolution in Africa (AGRA) of using its power to exert undue influence on local, national and continental [...]Kenya’s Annual Inflation Rises to 4.4% in August
Kenya’s inflation rate increased for the first time in six months to 4.4 percent in August compared to 4.3 percent in July on increased prices of food, energy and transport. [...]Bamburi Cement Issues Special Dividend, Posts H1 Loss as Shares Gain 116% in Eight Months
Bamburi Cement, which is considering two acquisition offers, is set to pay a special dividend of KSh 18.25 per share despite posting a loss for H1 2024. On the upside, [...]
