Banks May Delay Cutting Lending Rates
Expectations are high that borrowers will soon see a drop in the cost of credit from commercial banks. This follows a move by the Monetary Policy Committee(MPC) to cut the [...]
Kenya Tanzania to Remove Trade Barriers
Kenya and Tanzania are seeking to remove trade barriers between them, a move that aims to boost cross border trade. The two countries had scheduled a meeting in April to [...]
Kenya's Ban on International Flights Begins Tonight
The clock is ticking on Kenyans in the diaspora who are yet to arrive back in the country, most of them fleeing lock downs overseas. In its latest schedule update, [...]CMA Relaxes Disclosure Obligations
The Capital Markets Authority has relaxed disclosure obligations for companies trading on the Nairobi Securities Exchange. Listed firms will no longer have to publish their financial resultsin two newspapers of [...]
Exit of Foreigners, a Boon for Local Investors
The exit of some foreign investors at the Nairobi Securities Exchange(NSE) provides an ideal entry point to local investors keen to enter the bourse. With the NSE 20 share index [...]NCBA Group Net Earnings Rise to KSh 7.8 Billion
NCBA Bank has recorded an increase in net profit from KSh 5 billion to KSh 7.8 billion at the close of the financial year ended 31st December 2019. The lender's [...]Depressed Activity at NSE Continues
Trading on Tuesday 24th March saw a continued decline of the NSE 20 Share index from Monday's 17 year low of 1958.55 losing 71.38 points to close at 1887.17, an [...]Shilling Hits Record Low as Kenya Awaits World Bank IMF Rescue Packages
The Central Bank of Kenya (CBK) is negotiating with the World Bank and the International Monetary Fund(IMF) for financial rescue package, targeted at cushioning Kenya's economy from the vagaries of [...]US-Kenya Trade Deal Faces Opposition from Lawyers
The US-Kenya trade deal has received opposition from Kenyan lawyers, who have challenged it in court on the grounds that it violates the East African Community (EAC) Treaty and its [...]Equity Bank to Offer More on Digital Platforms During Covid19 Outbreak
With normal business operations hurtling towards a complete shutdown, there is a silver lining for Equity Bank customers. 11The lender has announced that customers will soon access personal and small [...]Regional Tea Trade Association Postpones Auctions
The East African Tea Trade Association (EATTA) has postponed its auctions until further notice, in a bid to curb spread of the COVID-19 virus. Therefore, primary and secondary auctions slated [...]Absa Bank Kenya Posts KSh 7.5 billion in Net Earnings
Huge costs associated with rebranding and delinking from UK-based Barclays Bank weighed heavily of the financial performance of ABSA Bank Kenya Limited. These expenses include investments in new systems as [...]
