Credit Bank Names Jack Ngare as Non-Executive Director
Credit Bank PLC has appointed Jack Ngare as a new Non-Executive Director. Jack currently heads Microsoft's research and Development Facility, Africa Development Centre. Jack brings a wealth of experience in [...]
CG Hospitality Acquires Two Fairmont Properties
CG Hospitality has re-entered East Africa following the acquisition of two Fairmont Properties through local holding company CG Madison (Kenya) Limited. The company has acquired the Fairmont ‘Mara Safari Club’ [...]
NSE Issues New Initial Margin Requirements For Equity Futures
The Nairobi Securities Exchange has issued new initial margin requirements for Equity Futures trading on NEXT( NSE Derivatives Market). The new initial margin will affect contracts expiring on 17th September [...]Petrol Price Up by KSh 5, Diesel Down By KSh 3.80
Kenyans will pay KSh 5.77 more for a litre of petrol effective June 15, from last month's KSh 83.33. However, customers will pay less for diesel and kerosene after the [...]KTDA suspends fertilizer importation for 2020
The Kenya Tea Development Agency says it has suspended the importation of fertilizer for smallholder tea farmers for the year 2020 citing disruptions in the importation chain that has been [...]NIC Tanzania Acquires CBA Tanzania Assets
The NIC Bank Tanzania limited, (NIC) will today (June 15) acquire the majority of assets and all of the liabilities from Commercial Bank of Africa (Tanzania) Limited (CBA). The implementation [...]NTSA to Resume Vehicle Inspection Services
The National Transport and Safety Authority (NTSA) says that it will systematically resume vehicle inspection services. NTSA had temporarily suspended the services in line with government social distancing directive to [...]New Law to Compel Fund Managers To Provide More Disclosures
In an effort to restore investor confidence, the Capital Markets Authority (CMA) has published a new raft of rules that require fund managers to provide more disclosures. This follows legal [...]
Nairobi Commuter Train Resumes Normal Schedule
Kenya Railways has announced that the Nairobi Commuter train will, from Monday 15th June, resume its normal schedules, following extension of curfew hours from 7 p.m. to 9 p.m. The [...]Centum Group Profit Grows to KSh7.38 Billion
Centum Investment released the audited financial results for the year ended 31 March 2020. The Group reported a growth in profit to KSh7.38 billion compared to KSh4.12 billion on 31 [...]Kenya Gov't Lifts Ban on Meetings Held in Private Hotels
The government of Kenya has temporarily lifted the ban on meetings held in private hotels, a move that seeks to support Tourism promotion and the hospitality sector at large. Additionally, [...]Private Equity, Venture Capital Firms to come under CMA Oversight
Private Equity firms and Venture Capitalists that have access to pension funds will soon come under the regulatory regime of the Capital Markets Authority (CMA). This is to ensure the [...]
