TransUnion Kenya Launches New Consumer Credit Report Tool
TransUnion Kenya recently announced the launch of TrendedView Report. This newly enhanced consumer report helps lenders understand a consumer’s credit behaviour and repayment patterns before and after the COVID-19 hit [...]
KDIC to Undertake a Risk-Based Assessment of Banks
Kenya Deposit Insurance Corporation(KDIC) is moving to implement the risk-based premium assessment for banks, effective from midnight tomorrow. Commercial banks shall pay additional premiums to the deposit authority in the [...]Kapchorua Tea Posts 64% Drop in Net Profit as Tea Prices Fall
Kapchorua Tea, one of the major tea companies in Kenya has reported a 64% dip in full year net profit for the year that ended on 31st March 2021. According [...]
Family Bank Corporate Bond Begins Trading at NSE
Family Bank Limited, a lender with a growing retail customer base with a key focus in SME Banking, has today listed its corporate bond, marking the commencement of its trading [...]Kenya Gets $130 Million from World Bank for COVID-19 Vaccines
Kenya COVID-19 Health Emergency Response Project has received $ 130 Million from the World Bank additional financing to enable Kenyans access to affordable COVID-19 vaccines. Kenya will be able to [...]Williamson Tea to Pay KSh175 Million Dividend Despite Posting KSh 146 Million Net Loss
Williamson Tea has announced that it will pay a dividend to its shareholders, even after posting a net loss of KSh146 million for the period that ended on 31st March [...]Citi Kenya Unveils 16th Global Community Day 2021
On 25th February 2021, the Cabinet, chaired by H.E. President Uhuru Kenyatta, approved the revival of the 4-K Clubs. A return of these clubs to primary schools is an opportunity [...]
TPS Eastern Africa to Offer 200 Million New Ordinary Shares in Rights Issue
TPS Eastern Africa, the owner of Serena Hotels plans to issue 200 million new ordinary shares through a rights issue after its shareholders passed a special resolution during the company's [...]KLM's Only Representative on KQ Board Resigns
Kenya Airways (KQ) has announced the resignation of the only KLM representative on its board. Jozef Bernadus Veenstra stepped down from the Kenya Airways board during the company's AGM on [...]EAC Floats $91.7 Million Budget for 2021/22 Financial Year
The East African Community (EAC) has tabled a $91.7 million budget for the 2021/22 financial year. According to the EAC council of ministers, $54.1 million (59%) will be contributed equally [...]NSE Turnover up 4% to KSh 632.9 Million, NMG Top Gainer
The Nairobi Securities Exchange(NSE) Activity was upbeat on the first weekday of trading with an equity turnover of KSh 632.9 Million on a volume of 18.7 Million shares which exchanged [...]Foreign Direct Investments to Africa Plunge by $7 Billion in 2020
A report by the United Nations Conference on Trade and Development (Unctad) shows that foreign direct investments (FDI) into Africa fell by $7 billion in 2020, largely due to the [...]
