ABSA Joins Principles for Responsible Banking
Barclays Kenya Parent Company, ABSA, signed the Principles for Responsible Banking in Paris joining a coalition of 130 banks worldwide representing over $47 trillion. On September 22, ABSA became one [...]
KAA names Alex Gitari as Acting CEO
The Board of Kenya Airports Authority (KAA) has appointed Mr. Alex Gitari as the acting Managing Director/CEO effective October 1, 2019. Mr. Gitari is the current General Manager, Finance, and [...]KenGen to Redeem its KSh 25 Billion Infrastructure Bond
Kenya’s main electricity generating company, KenGen, has announced that it will be making the final payments to bond holders of its 10-year, KSh 25 billion infrastructure bond. This bond was [...]
Alcohol and Tobacco Companies cry out over 21% Excise Duty
Beer and cigarette manufacturers have expressed their dissatisfaction over the 21% excise duty arguing that the new taxes will have adverse effects on other members of the value chain. Last [...]
InterContinental Hotels Group Signs Africa Expansion Agreement with Aleph Hospitality
InterContinental Hotels Group Plc has signed a Master Development Agreement (MDA) with Aleph Hospitality that will enable it to increase its network in Africa. Through the agreement, ten franchise hotels [...]Kenya Among Fastest Growing Avocado Exporters in the World
Kenya's avocado exports have seen remarkable growth as the global demand grows. The country ranks third in the list of fastest avocado exporters, behind Morocco at second and Colombia at [...]Kenya Railways Begins Search for New Managing Director
Kenya Railways has begun the search for a new Managing Director following the suspension of Atanas Maina in August last year over corruption charges. In an advertisement made in the [...]Shilling stable as demonetization enters home stretch
The Kenyan shilling was stable on Friday due to subsiding end month dollar demand from the energy sector and tightening liquidity in the local money market, traders said. At 0904 [...]Barclays to Integrate Timiza with WeChat and Alipay
Barclays Bank of Kenya is weighing integrating Alipay and WeChat into its virtual banking platform Timiza. According to an official from the bank, increasing relations between Kenya and China necessitate [...]Sportpesa Calls it Quits, Blames Kenya's High Taxation
Sports betting firm Sportpesa has closed shop in Kenya citing hostile regulation such as the 20 per cent excise on all betting stakes. The move comes just days after assuring [...]What You Need to Know About Credit Cards
A credit card is typically a bank card that lets one borrow money and pay it back with interest. They work as a type of loan which gives one credit [...]Kenyatta’s Statue on New Currency Part of KICC, Rules High Court
The High Court in Nairobi has quashed a petition by activist Okiya Omtatah seeking the removal of Kenyatta portrait on the new currency on grounds that CBK violated the constitution. [...]
