TransCentury Cancels Extraordinary Meeting
TransCentury has cancelled an extraordinary general meeting(ERM) that was meant to discuss the proposed delisting of the firm from the Nairobi Securities Exchange(NSE). In a notice to shareholders, the firm [...]
Standard Chartered Shareholders to Receive 34.5 Million Bonus Shares
Shareholders of Standard Chartered Bank Kenya (SCBK) approved the listing of 34,551,057 additional shares at the Nairobi Securities Exchange (NSE). The shareholders authorised directors of the company to use KSh [...]Nairobi headquartered DPO Group to be Acquired by Network International for $288 Million
Nairobi headquartered African Payment Service Provider DPO Group has entered an agreement for a 100% acquisition by Network International. Network International, a regional enabler for digital commerce in the Middle [...]
Mobile Lenders Oppose CBK's Bid to Cap Interest Rates
Mobile lenders have opposed CBK's proposed amendment that seeks to cap interest rates. Players in the mobile lending space say that capping interest rates would hurt credit flows in a [...]Kenya Postpones Data Commissioner Recruitment
Kenyans may have to wait longer for a data commissioner as the public service commission (PSC) postponed the recruitment process. PSC suspended the current recruitment process citing noncompliance to the [...]
Kenya Power Seeks to Hike Electricity Costs by 20%
Electricity distributor, Kenya Power, has announced plans to increase electricity prices by up to 20% and is already in talks with the Energy and Petroleum Regulatory Authority (EPRA) regarding the [...]Stanbic Named Kenya's Best Investment Bank by EuroMoney Awards
EuroMoney Awards for Excellence 2020 named Stanbic Bank Kenya as Kenya's best investment bank, attributed to the lender's ability to deliver solutions across a range of products and services to its [...]CBK Floats KSh 70 Billion Infrastructure Bond
In order to fund several big-ticket public projects, Treasury through its fiscal agent, the Central Bank of Kenya(CBK), invites bids for KSh 70 Billion amortized infrastructure bond. Top on the [...]NSE Turnover Declines 38% to KSh 327 Million
Trading on Tuesday at the Nairobi Securities Exchange saw a turnover of Ksh 327.43 million in 985 deals. A total of 12.92 million shares were traded. Safaricom moved 3.03 milion [...]Tuskys Shareholders Approve Acquisition of Majority Stake by Strategic Investor
Board of directors of Tusker Mattresses Limited (Tuskys) says its shareholders have approved its recapitalization efforts. An update from the board chairman says that shareholders of Orakam Holdings, the supermarket's [...]Safaricom Unveils Lipa Mdogo Mdogo Plan to Offer 4G Phones at Ksh 20 Daily
Safaricom, in partnership with Google today launched the Lipa Mdogo Mdogo payment plan which will allow customers who earn a daily wage to access low-cost 4G smartphones for a deposit [...]NSE records Improved Activity in Q2, 2020
Figures indicate that turnover at the Nairobi Securities Exchange(NSE) stood at KShs. 39.53 Billion at the end of Q2, 2020, a 20.19% increase from KSh 32.89 Billion over a similar [...]
