Stanbic Holdings To Hold Its 67th AGM in May
Stanbic Holdings Plc has notified its shareholders that the Company's 67th Annual General Meeting (AGM) will be held virtually. This meeting will be held on Thursday, 19th May 2022, at [...]
Metropolitan National Sacco put Under State Watch
Metropolitan National Sacco Limited, previously known as Kiambu Teachers Sacco, has been placed under surveillance. This is after it showed signs of financial distress and attracted numerous complaints from members. [...]KCAA Appoints Nicholas Bodo as New Director General
The Kenya Civil Aviation Authority has appointed Mr Nicholas Bodo, a Ministry of Transport executive, as the acting Director-General. This comes after a court blocked the appointment of Emile Nguza [...]
Car General Partners with Flexpay for Product Acquisition
Car and General has partnered with Flexpay, seeking to enable customers make partial payments as an alternative way of product acquisition. The agreement is part of Car General’s strategic focus [...]Kenya Allocates KSh471 Million for Cooking Gas Subsidy
Kenya has allocated KSh471 million to the stalled cooking gas subsidy scheme for the new financial year starting July, with the amount set to be raised to KSh820 million in [...]NSE Weekly Market Activity Dominated by Five Firms
The Nairobi Securities Exchange(NSE) saw the dominance of five listed firms, whose total market turnover was KSh 1.8 Billion, accounting for 91.2% of the total turnover. The top five were [...]AfDB Abandons Investment in New Coal Plants
African Development Bank(AfDB) has said it has completely halted investments in any new coal projects, throwing this energy sub-sector into disarray. This disclosure was made recently by Dr Kevin Kariuki [...]Ministry Insists Tariff Reduction Plan On Course
Ministry of Energy maintains that the second tranche of 15% power retail tariff reduction is on course as it negotiates with Independent Power Producers(IPPs). Its formal engagements with IPPs is [...]NSE Weekly Turnover Ups 46.2% to KSh 1.9B
Nairobi Securities Exchange(NSE) Weekly Equity Turnover rose to KSh 1.9 billion on 62 Million shares when the four-day trading week ended. This equity turnover is compared to a turnover of [...]Resolution Policyholders to File Claims with PHCF
Resolution Insurance Policy holders begin submitting their claims to the Policy Holders Compensation Fund(PHCF) on Monday, 25th April 2022. The Fund is expected to verify and approve payments within a [...]Stanbic Bank Partners with Purshottam Developers in Housing Financing Deal
Property developer Purshottam Developers and Stanbic Bank Kenya have entered a structured mortgage finance partnership that will enable customers to own homes in Ruaka at an affordable cost. Kenyans will [...]
CIC Insurance Group To Hold 43rd AGM Next Month
CIC Insurance Group Plc has issued a notice to shareholders of an upcoming Annual General Meeting(AGM) to be held electronically. The AGM will be held on Friday 13th May 2022 [...]
