Banks to Push for Reinstatement of Transaction Charges for Mobile Money to Bank Transfers
Banks, through the Kenya Bankers Association (KBA), plan to push for a return of transaction charges between mobile and banking wallets following a dip in fees and commissions from the [...]
CMA Admits Investment Advisor Waanzilishi Capital Limited to its Regulatory Sandbox
The Capital Markets Authority (CMA) today announced the admission of Waanzilishi Capital Limited to the Regulatory Sandbox. The addition of the license investment advisor behind robo-advisory platform Ndovu brings the [...]Dubai Indefinately Suspends All flights from Kenya, Ethiopia and Tanzania
Dubai has indefinitely extended suspended flights from Kenya, Ethiopia and Tanzania starting December 26th 2021.However, outbound flights from Dubai to the same countries will remain unaffected by the new extension. [...]
IFC to Acquire Britam's 4.2% Stake in Equity Group Holdings Plc
International Finance Corporation(IFC)has entered into a share purchase agreement with Britam to acquire a 4.201% equity or 158, 540,750 shares held by Britam in Equity Holdings. IFC is already a [...]Kenyan Running Shoe Company Enda Raises $1.1m for Expansion
Kenyan running shoe company Enda has raised $1.1 million in a recent Series A funding round led by US impact investor Talanton with participation from several Kenyan angel impact investors. [...]Imperial Bank Liquidation Process put on Back Burners by Court Order
Imperial Bank depositors, who lost their money when the lender collapsed more than six years ago, will have to wait a little longer to get their dues. This is after [...]NSE remains Subdued Ahead of the Holiday Season
Nairobi Securities Exchange(NSE) activity remained depressed ahead of the Christmas holiday and new year festivities with daily equity turnover, declining 9% to KSh 305.2 Million compared to the previous session's [...]Kenya to float New Eurobond before end of 2021
Kenya has written to the International Monetary Fund(IMF) indicating its intention to float a new Eurobond before the end of this year. In a Memorandum of Economic and Financial Policies [...]State to Take Over KSh 93.5B of KQ's Debt, Ditches Nationalisation Plans
The Kenyan government has dropped plans to nationalise Kenya Airways (KQ) in favor of mechanisms to protect its financial interests in the flagship carrier, which include a debt take over [...]NSE Daily Equity Turnover Rises 0.8% to KSh 334.2 Million
Nairobi Securities Exchange(NSE) recorded a slight 0.8% increase in equity turnover to KSh 334.2 Million compared to a turnover of KSh 331.6 Million when trading ended at the bourse this [...]Callers to Enjoy Cheaper Inter-network Calls as CA Trims Termination Rates From January 2022
Callers in Kenya will enjoy cheaper inter-network call rates from January 1 2022 after the Communications Authority of Kenya (CA) capped the costs which operators charge to connect and terminate [...]Kakuzi Pays KSh 31.4 Million Bonus to its Avocado Farmers
Kakuzi Plc has begun paying its affiliated avocado farmers a bonus amounting to KSh 31.4 Million, giving them an early Christmas gift. Ahead of the Christmas festivities, Kakuzi confirms that [...]
