IBM Appoints Caroline Mukiira as GM for East Africa
IBM today announced the appointment of Caroline Mukiira as General Manager for IBM East Africa. She will be responsible for IBM Sales, Marketing, Services and Global Delivery Operations in East Africa. [...]
Africa’s Talking Group CEO Samuel Gikandi Appointed to Stanbic Board
Samuel Gikandi has been appointed as an independent non-executive director on the boards of Stanbic Holdings Plc and Stanbic Bank Kenya Limited effective 29 June, 2020. His appointment comes a [...]
Pandemic Boosts Online Forex Trading in Kenya
Equiti Group launched online forex trading operations in Kenya two years ago through local subsidiary EGM securities. The company has grown six-fold in terms of staff numbers, customers, and product [...]Nissan to Setup New Manufacturing Plant in Kenya
Carmaker Nissan Motor Co is planning to cement its presence in Africa by setting up new bases as well as launching new models for the continent. The Japanese automaker is [...]KRA Launches a New Unit to Chase Digital Tax
The Kenya Revenue Authority has launched a division to track revenues from digital platforms for the purpose of taxing them. The special unit will help determine and account for digital [...]ABSA to Offer Mortgage Facility to Tatu Home Owners
ABSA Bank has partnered with Tatu City to offer preferential mortgage rates to potential homebuyers in the special economic zones. The partnership will see clients own or purchase properties in [...]AIB Capital Completes Merger With Apex Africa
Nairobi based stock brokerage firms AIB Capital and Apex Africa Capital have announced the completion of their previously announced merger. The two entities have now fully merged their respective Stockbroking, [...]NSE Turnover Declines 28% to KSh 253 Million
Monday's trading at the Nairobi Securities Exchange saw 8.54 Million shares traded in 971 deals at a market value of Ksh. 253.25 Million. Top mover of the day was Safaricom [...]Kenyan Shilling Remains Stable
Kenyan shilling remained stable against major international and regional currencies in the week ending Friday, June 26. The shilling averaged KSh106.36 against the US Dollar, KSh132.45 against the sterling pound, [...]Equity Bank to Receive KSh 5.4 Billion IFC Loan to Support SMEs
World Bank's International Finance Corporation (IFC) will give Equity Bank a loan of KSh 5.4 billion to increase lending to small businesses. The institution revealed that Equity Bank will receive [...]State to Start Paying KSh 4.4 Billion to Vulnerable Groups
Starting tomorrow, the State will kick off the process of paying a total of KSh 4,377,292,000 Cash Transfers to vulnerable groups. The payment which covers May-June 2020 payment cycle, [...]
Diaspora Remittances Rebound in May to Hit Ksh27.4B
Diaspora remittances inflows recovered in May 2020 to hit Ksh27.369 billion (USD 258.2 million) from Ksh22.069 billion (USD 208.2 million) recorded in April. This was a Ksh5.3 billion or 24 [...]
