DTB Partners with Simba Corporation to Fund SMEs
Diamond Trust Bank (DTB) has partnered with Simba Corporation so as to fund Small and Medium Sized Enterprises (SMEs). The partnership seeks to enable SMEs acquire new Fuso trucks. The [...]
EAC Postpones Head of States Meeting Over Lack of Quorum
The EAC (East African Community) has postponed its head of states summit due to a lack of quorum. According to a report from the community, one member out of the [...]Sidian Bank Secures KSh2 Billion Loan from Dutch lender
Sidian Bank has received KSh2 billion funding from the Dutch Entrepreneurial Bank. The 5-year loan will be used to further the bank's investment in affordable credit to its SME clients, [...]EU Reviews Policy on Kenya’s Horticulture Imports
The European Union (EU) has reviewed its policy on the maximum residue levels (MRLs) allowed for horticulture imports from Kenya. The recent reviews indicate that the EU has lowered the [...]Barclays Transition to Absa 80% Complete
Barclays Bank Kenya (BBK) reports that the transition into Absa is 80 per cent complete and has gobbled up Ksh 910 million. In nine months to September 30 2019, Barclays [...]
2019 NSE Investment Challenge Winners Unveiled
The NSE 2019 Investment Challenge Awards ceremony was officiated by Dr Patrick Njoroge, Governor, Central Bank of Kenya. This challenge is an annual youth-focused online competition that simulates trading of [...]
Treasury to Withhold Funds for 15 Counties
The National Treasury has announced its intentions to withhold funds for 15 counties which have failed to pay pending bills owed to suppliers and contractors. According to acting Treasury CS, [...]StanChart Q3 Earnings drop slightly to KSh 6.2 billion
Standard Chartered Bank Kenya (SCBK) Limited has announced a slight fall in net earnings to KSh6.2 Billion for the nine-month period ending 30th September 2019. This is compared to net earnings [...]Treasury Receives KSh66 Billion from State Corporations
Treasury has received a total of KSh66 billion from state coporations. This follows its directive to have state corporations remit excess funds to the institution so as to bridge the [...]Chinese Firm to Construct 400 kV Konza Power Line
China Aerospace Construction Group (CACG) will construct the 40 km, 400kV Isinya-konza power transmission line. China Exim Bank will fund the project that is set for completion within 30 months. [...]BOC Kenya Issues Profit Warning Citing Distressed Economy
BOC Kenya expects net earnings for the Full Year 2019 to be at least 25 per cent lower compared to the previous year 2018. According to the Board of Directors, [...]GCR Upgrades Kenya Reinsurance Credit Ratings
The Global Credit Ratings (GCR) has upgraded the credit rating of Kenya Reinsurance Corporation (Kenya Re) under the new criteria released in May 2019. Kenya Re's Financial strength ratings were [...]
