Kenya Bets on Tech, New Listing Laws to End IPO Drought
The Capital Markets Authority(CMA) says it has put in place measures to ensure the market remains stable and resilient against the disruptive effects of the global coronavirus pandemic. We are [...]
NCBA Kenya to Redeem Ksh7 Billion Medium Term Note
NCBA Kenya has issued a notice announcing the intention to redeem its Ksh7 billion medium-term note on 14th September 2020. The move will see the notes delisted from the Fixed [...]
Foreign ICT Companies to Have 30% Local Shareholding under New Law
ICT companies from abroad with interest in the Kenyan market now have to give Kenyans a 30% stake to be considered as Kenyan companies. The recently published National Information Communication [...]
Equity Group Completes Acquisition of 66.53pc Stake in BCDC for $95M
Equity Group holdings (EGH) has completed the acquisition of a 66.53 per cent stake in Banque Commerciale Du Congo (BCDC) for $95 million following receipt of corporate and regulatory approvals. [...]KBA, FSD Kenya Partner to Promote Financial Inclusion for PWDs
Seven banks under the auspices of the Kenya Banking Association (KBA) will participate in a program to facilitate financial inclusion of people with disabilities (PWDs). The participating banks include Absa [...]CIC Group Suffers KSh 335.5 Million Half-Year Net Loss
CIC Group, which specializes in the provision of insurance services to the co-operatives sector, has recorded a net loss of KSh 335.5 Million in the six months ended 30th June [...]Housing Prices For Q2 2020 Show Signs of Recovery Bankers Index
The growth of housing prices in Kenya is slowly giving signs of recovery, after falling for six consecutive quarters. Kenyan Bankers Association's (KBA) pricing index shows that housing prices for [...]Limuru Tea Cuts Half- Year Net Loss to KSh 11.1 Million
Despite depressed tea prices on the global market, listed green tea grower Limuru Tea Plc has cut down its Net Losses at the end of the first six months of [...]NSE Equity Market Turnover Hits KSh 482 Million
Trading on Monday at the Nairobi Securities Exchange saw a turnover of KSh 482.19 million in 789 deals. A total of 18.67 million shares were traded. Safaricom was the top [...]Kenyans Urged to Claim Over 800Mn of Unclaimed Shares
The Unclaimed Financial Assets Authority (UFAA) is calling Kenyans to claim unclaimed shares by August 31. A notice from the Authority says that institutions have reported over 800 million with [...]Airtel to Keep Growing Despite Cancelled Merger Plans Citi Analysts
Airtel Kenya and Telkom Kenya recently called off the proposed merger of the two companies which began in February 2019. Their union would have provided cost efficiencies and grown the [...]
World Bank approves $150 million Credit to Kenya's urban poor
To improve the living conditions of Kenya's urban poor in informal settlements, the World Bank has approved a $150 million credit line. These funds will be used to upgrade roads, [...]
