Tatu City Gets NEMA's Approval for Extension
The National Environment Management Authority (NEMA) has given the green light (Strategic Environment Assessment approval) to the second phase of Tatu City. The development is being expanded to meet the [...]
KCB Shareholders Appoint PwC as Company Auditors
KCB shareholders appointed PriceWaterhouseCoopers (PwC) as the company auditors in a virtual AGM held on Thursday 4th June. PwC will replace audit firm KPMG East Africa whose contract has expired. [...]
NCBA to Close 14 Branches
NCBA has announced that it will close 14 branches following approvals from the Central Bank of Kenya. However, seven of the affected had been temporarily closed since April 1st, 2020, [...]Kenya Moves Closer to Becoming an Islamic Finance Hub
Efforts are underway to develop a National Policy on Islamic Finance, moving Kenya closer to being an Islamic Finance Hub in the region. It will join the ranks of South [...]
Private Sector Activity Edges up in May, PMI Index
Stanbic Bank Kenya Purchasing Managers Index (PMI) increased to 36.7 in May of 2020 from 34.8 in April, showing that the Kenyan private sector economy continues to face reduced activity [...]Listed Firms Hold AGMs Electronically
Due to the ongoing Covid-19 pandemic and the government directive prohibiting public gatherings, shareholders of listed companies in Kenya are currently not able to physically attend their companies' Annual General [...]Eveready's Half Year Revenues Dipped 30% to KSh74.3M
Eveready sales revenue for the 6 months period ending 31 March 2020 declined by 30 percent to Ksh 74.3 million from Ksh 105.6 million recorded in a similar period in [...]NTSA Seeks to Introduce Cashless Payments in Matatus
The National Transport and Safety Authority (NTSA) plans to introduce a cashless payment system in public transport. The authority recently called for bids from tech companies to install mobile software [...]Chinese Firm Awarded KSh 1.5 Billion Likoni Bridge Contract
The Kenya National Highways Authority (KeNHA) has signed a construction agreement with China Road and Bridge Construction (CRBC) for the building of a temporary pedestrian bridge in Likoni. The project, [...]Post Bank Kenya Names New MD
The board of Post Bank has appointed Raphael Lekolool as managing director effective June 1, 2020. Mr. Lekolool takeover from Ms. Anne Karanja who completed her six-year tenure. Mr. Lekolool [...]Kenya's Oil Business in Jeopardy as Tullow Bows Out
Kenya's prospects of being an oil producer have dimmed following the completion of the Early Oil Pilot Scheme (EOPS) and no successor in sight. In a press statement with Joint [...]A Proposed Merger of 3 State Corporations
The National Treasury is inviting parties to comment on the draft bill to form Kenya Development Bank. The bill seeks to merge three parastatals to form a state bank that [...]
