Tanzanian Bank CRDB Wins Overall Financial Reporting Awards
CRDB Bank Plc, a leading financial services provider in Tanzania is this year’s overall winner of Financial Reporting (FiRe) Awards, held on 8th November in Nairobi. This award is sponsored [...]
Banking Stocks dominate a subdued NSE
Daily Market Report; Nov 11 2019 The NSE 20 share Index was down 20.30 points to stand at 2697.56. All Share Index NASI shed 2.03 points to stand at 158.96. [...]Banking Stocks' Prices Slightly Decline as Investors Take Profits
While the Nairobi Securities Exchange (NSE) has been characterized by a sustained rise in share prices for the past two weeks, especially on banking counters, this trend has now changed. [...]Kenya Among Top Nations With Fastest Growth of Software Developers
Africa is quickly accommodating the tech industry as tech hubs have increased in the continent. Even global tech giants have expanded into Africa and set up their development centres. This [...]
Alibaba's Singles day Kicks Off With 10% Cash Back for M-Pesa Users
Alibaba will provide a 10% cashback for individuals shopping at Alibaba with M-Pesa on November 11. The discount is part of the commemoration of Singles Day, China's largest shopping day. [...]Stanlib to Sell Fahari I-REIT to ICEA Lion
Stanlib Kenya Limited (SKL) will dispose of investment management mandates, rights, and obligations for Stanlib Fahari I-REIT to ICEA Lion Asset Management Limited (ILAM). According to a statement seen by [...]
New Law Promotes Environmental Conservation
There is a need for government policies to reflect growing environmental concerns. The newly assented Finance Bill 2019 provides incentives for renewable energy and conservation-focused initiatives. President Uhuru Kenyatta approved [...]Kenyan High Court to Decide on Absa Trademark
The High Court will on 12th November decide who will use the Absa Trademark in Kenya after a businessman filed a petition for rights to the name. Edward Njoroge, the [...]India, China in battle for Kenya’s smartphone market
Kenya’s bubbling smartphone market is set to be stirred following the entry of Global technology giant Vivo, the fifth-largest smartphone maker in the world and the second in Asia. The [...]Sidian Bank revises upwards in loan rates
Sidian Bank (formerly K-Rep) Bank is the first lender to put its feet on the gas pedal by adjusting up the price of its loans. This follows the scrapping of [...]How Kenyan Youth Invest Their Money Study
Kenyan youth prefer investing in land compared to their peers in six other sub-Saharan African countries. This is according to a Geopoll study titled The State of Financial Services in [...]Amazon To Set Up Edge Location in Kenya
Amazon Web Services, the cloud computing arm of US E-Commerce giant Amazon has announced plans to establish a new edge location in Nairobi. The new addition will be Amazon's third [...]
