HF Group Redeems its Ksh 3 billion Corporate Bond
Housing Finance has announced the redemption of its corporate bond that was worth KSh 3 billion shillings. The bond was issued in 2012 and had a 7-year tenor and an [...]
Menengai Crater Geothermal Power plant Construction to Start in December
Construction of a geothermal power plant on the Menengai Crater floor is set to start in December 2019. GDC and transmission giant KETRACO have already begun the development of a [...]Consolidated Bank to Pay Principal and Interest on KSh2 Billion Corporate Bond
Consolidated bank has issued a notice stating that it will pay the principal and interest on its corporate bond on Tuesday 22nd October 2019. Senior fixed-rate notes will be paid [...]Market Down Slightly at the Beginning of the Week
The NSE 20 share Index was down 18.63 points to stand at 2436.64 points at the close of business on Monday compared to Friday last week. The All Share Index [...]
Kericho County to Set up KSh150 million Tea Factory and a Tea Auction
Kericho County is planning to set up a tea factory in the coming financial year, a project that will cost KSh150 million. Alongside the factory project, the county will establish [...]Devki Group's National Cement Takes Over ARM Cement
Devki Group's National Cement has taken over Athi River Mining, ten days after the Competition Authority of Kenya approved the transaction. In addition, the National cement has retained all 1,100 [...]Petrol Price Falls by KSh4 While Kerosene Hikes by KSh 0.44 Per Litre
The price of Super petrol has fallen by KSh4.76 to KSh108.05 whereas that of diesel has dropped by KSh1.08 to KSh101.96. On the other hand, kerosene prices have increased by [...]Kenya Stock Market Upgraded Trading Engine Goes Live
The Nairobi Securities Exchange (NSE) has completed upgrading its Automated Trading System (ATS) in a move that will see the bourse’s disrupted trading sessions become a thing of the past. [...]Kenya-China Capital Markets Forum opens in Nairobi
The China-Kenya Capital Markets Initiative Forum is taking place on 15th October at the Radisson Blu Hotel in Upper hill. Shenzhen Stock Exchange (SZSE) and the Nairobi Securities Exchange PLC [...]Kenya to Set up Warehouses in Rwanda, Burundi and Congo to Increase Exports
Kenya is planning to set up product warehouses in Rwanda, Burundi and the Democratic Republic of Congo in a bid to increase the ease of access to its products, a [...]Raising Debt Ceiling Risky, World Bank Warns Kenya
The World Bank has warned that the recent revising of the debt ceiling by the Kenyan parliament risks plunging the country into debt distress as the public debt is likely [...]
What Happens to M-Pesa and Bank Balances After One Passes Away?
What happens to cash on M-Pesa or bank account balances after one passes away? Ordinarily, the holder of the finances will contact your next of kin, as indicated during the [...]
