Multichoice Kenya Names Nancy Matimu as the First Female CEO
Multichoice Kenya has named Nancy Matimu as the New Managing Director after the exit of Eric Odipo. The former Mastercard VP, Head of Market Development in Sub-Saharan Africa took the [...]
NCBA Set to Launch New Branches in 2020
NCBA Group has announced plans to launch ten new branches within the country in 2020. According to the Business Daily, the group will set up the new branches in Nairobi [...]Stanbic Bank Loses KSh1.4 Billion after GDC Deal Collapses
Stanbic Bank has lost KSh1.4 billion after a deal between Geothermal Development Company (GDC) and Hong Kong Offshore Oil Services (HOOS) collapsed. In the deal struck in 2014, the geothermal [...]Government Approves Commercial Farming of BT Cotton
The Cabinet has approved the commercial farming of BT Cotton (Genetically Modified Cotton), with effect from March 2020. The approval comes right after successful completion of field trials that were [...]Kenya Shilling Strengthens Ahead of Christmas
When the forex market opened today, the Central Bank of Kenya(CBK) quoted the local unit exchanging at a mean rate of KSh 100.7118 to the US Dollar, while buying the [...]
Real People Kenya Gets Third CEO in 2 Years
Troubled Microfinance institution, Real People has appointed the third CEO in two years time. The company linked to South Africa's Real People has named Dr. Robert Lukhanda Shibutse as the [...]
Civil Servants' SACCOs Lead Other SACCOs
Government-based Deposit Taking-SACCOs control the majority of assets and deposits in the Sacco sub sector. The big players in this category include Stima Sacco with assets worth Sh 32.3 billion, [...]Kenya Roads Board seeks advisors for KSh 150 Billion financing
The Kenya Roads Board is seeking for Transaction Advisers and Lead arrangers for KSh 150 Billion financing. In a tender notice, the Roads Board, a state corporation under the Ministry [...]Barclays Transition into Absa 85% complete
Barclays Management recently hosted a briefing to update on the progress of the transition to Absa Brand. Below is the full video of the briefing. Related; Barclays Unveils First Absa [...]
Interview; Paul Muthaura's Tenure as CMA Boss Comes to an end
The board of the Capital Markets Authority (CMA) in September announced it had begun the process of identifying a suitable candidate to succeed Mr. Paul Muthaura who opted not to [...]Banks main drivers of activity at NSE
The Banking Sector had shares worth KSh.265.9Million transacted which accounted for 54.86per cent of Thursday’s traded value. Equity Group Holdings had 2.8M shares valued at KSh.150M at between KSh.52.00 and [...]KQ Partners with British Airways to Improve Services
Kenya Airways (KQ) has partnered with British Airways, in a move that is aimed at ensuring their customers have a smooth travel experience when using the two airlines. As reported [...]
