Kenyan Court Rules Against Kenicoin cryptocurrency
The High Court has given a green light to Capital Markets Authority (CMA) to proceed with its investigations and inquiry into the operations of Kenicoin cryptocurrency. The Authority in 2019 [...]
KDIC to Become a Parastatal
Kenya Deposit Insurance Corporation (KDIC) is about to become a state corporation after splitting from the Central Bank of Kenya. KDIC has been a department of CBK. The transitioning process [...]
China Southern Airlines Suspends Flights to Nairobi
China Southern Airlines has suspended its direct flights to Nairobi, amid the rising cases of the coronavirus, a move that experts say will hurt the booming trade between Kenya and [...]
Barclays Officially Starts Trading as Absa
Barclays Bank of Kenya has now legally and officially begun trading as Absa Bank Kenya PLC. The change will also see the lender's stock trade as Absa at the Nairobi [...]Kenya's Stock Market Activity Up Ahead of Earnings Season
Kenya's stock market activity has gone up ahead of the earnings season. The anticipated release of end-year financial results by listed commercial banks continues to push up volumes, turnover and [...]Kenya’s Crude Oil Production to Hit 46,000 bpd in 2023
Kenya’s crude oil production should ramp up, pending final investment decisions by Tullow Oil. According to Tullow, oil from the Lokichar Basin is expected to cost US$25/bbl. to extract and [...]Kenya Seeks More Market Access To The EU Market
Kenya is seeking more market access to the EU market. With this, Kenyan exporters will have to diversify export products and increase value addition in order to ease the trade [...]Consumer Group Opposes New Tax
Consumer group, the Consumers Federation of Kenya (COFEK), has warned of adverse consequences on consumers and businesses if Kenya Revenue Authority (KRA) goes ahead with its crackdown on those selling [...]Digital Lending Regulations Should Spur Innovation
IM Bank CEO Kihara Maina believes that regulation targeting digital credit platforms should address adversely priced credit without limiting innovation. Speaking during My Chat with a Bank CEO live event, [...]Big Opportunities for Kenya after Brexit
UK companies are looking at Kenya and the rest of Africa as they seek new markets and trading partners. This follows UK's exit from the European Union (EU). A recent [...]SMEs' Financing Scheme to Commence in June
The government intends to roll out Ksh4Billion Stawisha SME Mashinani in June to provide affordable credit to MSMEs. Stawisha SME Mashinani intends to be a one-stop-shop solution where SMEs receive [...]CMA Upgrades Surveillance System
The Capital Markets Authority(CMA) has upgraded its surveillance systems to keep up with the new Automated Trading System(ATS) on the Nairobi Securities Exchange trading floor and the CDSC system. The [...]
