American Chamber of Commerce to Hold Business Summit in Kenya
The American Chamber of Commerce will hold a summit named AmCham Business Summit in Nairobi on the 4th and 5th of November. The summit aims to create a platform for [...]
European Lenders to Give KSh 23B for Kenya's BRT System
European lenders have pledged to provide up to KSh 23 billion to support Kenya's Bus Rapid Transit (BRT) system. The European Investment Bank, the EU, and the French Development Agency [...]To Improve SMEs' Competitiveness, Sector-Specific Policies are Key
In Kenya, Micro, Small, and Medium Enterprises (MSMEs) employ more than 80 percent of the working population and contribute about 33.8 percent of the national output. Making MSMEs more competitive [...]
ICJ Reschedules Kenya-Somalia Border Case Hearing to June 2020
The International Court of Justice has moved the maritime case between Kenya and Somalia to June 2020. The delay is after Kenya earlier sought more time to arrange a legal [...]Proposal to Scrap Rate Cap Law Excites Kenya's Stock Market
Market activity at the Nairobi Securities Exchange Plc (NSE) soared to a three month high Thursday on the back of increased trading volumes and renewed investor appetite. This is after [...]
Economists Push for Privatization of State Corporations
The privatization of government corporations is vital to the achievement of the big four agenda, as well as growing the private sector. According to Nairobi based Economics think-tank Kenya Business [...]Equity Bank in Talks to Enter Zimbabwe
According to several Zimbabwe media outlets, Equity Group Holdings (EGH) intends to resume talks to acquire Zimbabwean lender BancABC (Zimbabwe) a wholly-owned subsidiary of Atlas Mara. As of 2017, BancABC [...]National Bank Gets New Board of Directors
National Bank of Kenya has announced the new board of directors following the completion of the takeover process by KCB Group. The new directors are; Mr John Nyerere who will [...]Britam General Insurance Appoints New Acting CEO
Britam General Insurance has announced the appointment of Jackson Theuri as its Chief Executive Officer in an acting capacity following the abrupt resignation of Margaret Kathanga. In a statement, Britam [...]Kenya's Pension Industry Assets Remain Unchanged
Zamara has recently released its annual report on pension performance 2019 in Kenya. It reported that over the past 10 years, the pension industry assets have not changed despite the [...]Kenya's President Rejects Finance Bill Until Rate Cap law is Scrapped
President Uhuru Kenyatta has rejected the Finance Bill of 2019 which sought to retain the interest rate cap. His rejection leaves room to repeal the interest rate cap, which posed [...]Tax Contribution by Banks Hits Ksh 207 Billion in Two Years
Banks contribute one in every four shillings of corporate tax paid in Kenya according to a recent report by PricewaterhouseCoopers (PwC) and the Kenya Bankers Association (KBA). The report, dubbed [...]
