Acorn Green Bond Starts Trading on NSE
LISTEN TO ARTICLE Acorn Holdings has listed by introduction its Ksh4.3B green bond on the Nairobi Securities Exchange becoming the first green bond to list in East and Central Africa. [...]
MUA Insurance to acquire Saham Assurance
The Mauritius Union Assurance company (MUA), is in the process of acquiring 100% ownership in Saham Assurance of Kenya. The acquisition will be done through its Kenyan subsidiary MUA Insurance [...]
KQ Set to Receive Cash Boost from the Government
LISTEN TO ARTICLE The government has announced plans to inject cash into the troubled Kenya Airways (KQ), a move that is aimed at ridding the airline of its loss-making fete. [...]
How Digital Signs Improve User Experiences in Bank Branches
We live in an age when financial institutions have to compete on service as well as on their financial tools and services. In an age when people can trade online, [...]Activity ups at NSE as holiday season ends
Investors, who had taken a break for end-year festivities, are slowing trooping back to the bourse. Many are already taking positions as the end of year earnings season when firms [...]
Kenya's Tourism Earnings Hit KSh163.5 Billion
LISTEN TO ARTICLE Earnings from Kenya's tourism sector hit a high of KSh163.5 billion in 2019. This signifies a 3.9% increase as compared to 2018, where KSh157.4 billion was raised. [...]Banks Pushing Customers to Digital Platforms Study
Banks are drawing their customers away from the branch to digital channels. This is manifested through different pricing strategies that these banks have adopted. According to a study by Financial [...]Concord Insurance Claimants to Receive KSh 467.3 Million
The Policyholders Compensation Fund (PCF) will settle claims amounting to KSh 467,309,798 to claimants of Concord Insurance, one of the underwriter that faces liquidation. Some 1,572 policyholders of this insurance [...]Mayfair Hotel Bows out as Competition Shakes Nairobi Hotels
Southern Sun's Mayfair Hotel will shut down operations down on January 31st, firing all employees. Its closure comes at a time when local hotels face stiff competition from new international [...]Mombasa Tea Auction Reopens for 2020
The weekly Mombasa tea auction has reopened for 2020, amid increasing demand for the commodity. During the first auction of 2020 conducted on 6th and 7th January, over 158,000 packages [...]Kenya's Economy to Grow at 6% World Bank
The World Bank expects Kenya's economy to grow by 6% in the year 2020, up from 2019's estimated growth of 5.9%. This is thanks to accommodative monetary policy, such as [...]KRA to Set Structures for Turnover Tax Collection
The Kenya Revenue Authority (KRA) is setting up a mobile payment module for the collection of turnover tax. This is part of an initiative to facilitate the payment of the [...]
