Kenya Re Delays Release of Earnings Due to Change in Valuation Method
Kenya Reinsurance Corporation, one of the biggest and oldest reinsurance companies in Eastern and Central Africa, says that it has delayed the release of its full year financial results for [...]
Kenyan Fintech Startup AZA Finance Raises $20 Million in Funding
Kenya-based fintech startup, AZA Finance, has raised $20 million in funding over the last 18 months. Furthermore, the firm has now expanded into South Africa with the acquisition of cross-border [...]
Kenya's Foreign Reserves Decline to $7.6 Billion
Kenya's foreign currency reserves fell to $7.575 billion last week from $7.664 billion the previous week, after three weeks of accelerating, as per data from the Central Bank of Kenya [...]Strengthening SME Financing in Kenya
Small businesses are central to the Kenyan economy as they provide jobs to nearly 15 million workers in Kenya and contribute to the national income. The SMEs have been among [...]KQ Signs Interline Agreement with South Africa's Airlink
Kenya Airways (KQ) has signed an interline agreement with South Africa's regional airline, Airlink. The deal will enable Kenya Airways customers flying to South Africa to connect with Airlink operated [...]Kenya's Regulator Readies for Crypto Assets
Investor interest, both retail and institutional, in digital currencies has risen dramatically in recent months prompting several regulators across the world to ponder strategies on how to regulate the crypto [...]CBK Approves Liquidation of Charterhouse Bank
Central Bank of Kenya (CBK) has put the final nails on the coffin of collapsed Charterhouse Bank (CHB) Limited by appointing Kenya Deposit Insurance Corporation (KDIC) as its liquidator. This [...]
CMA Approves Crown Paints Kenya KSh 711.8 Million Rights Issue
The Capital Markets Authority (CMA) has approved plans by listed paints manufacturer Crown Paints Kenya Plc raise KSh 711.810 Million through a rights issue. Shareholders of Crown paints will be [...]Kenya Proposes Hefty fines, Stiff Jail Terms On Secret Shareholders
The noose has tightened on secret Central Depository (CDS) account shareholders who fail to disclose their identity. This is if parliament passes proposed amendments contained in the Finance Bill 2021. [...]Somalia Restores Diplomatic Ties with Kenya after 5 Months
Somalia has restored diplomatic ties with Kenya after it severed relations on 15th December 2020, accusing Nairobi of meddling in its political affairs. The restoration of ties follows mediation by [...]Three HF Group Directors to Step Down As Turnaround Strategy Gains Pace
Three directors of the mortgage finance company, HF Group, are set to step down from the board on 28th May 2021 according to a notice sent by HF Group to [...]Tea Auction Records Slight Increase in Prices
Theweekly MombasaTea Auction held on 26th and 27th, and 28th April 2021 had 12 million kilograms of tea offered for sale. The amount on offer decreased from 12.3 million kilograms [...]
