US Embassy consular section will not accept old 1,000 notes after September 12
The United States Embassy consular section will not accept old 1000 notes after Thursday September 12th. This move is according to Central Bank's directive that the old 1000 notes will [...]
CMA proposes the establishment of a recovery board at the NSE
CMA and NSE are proposing the establishment of a Recovery Board at the Exchange on which securities of an issuer who is technically insolvent, non-compliant with any other listing obligations [...]
Parliamentary Committee retains the interest rate cap
The Finance and National planning parliamentary committee has opposed a move to repeal the interest rate cap as suggested in the Finance Bill of 2019. However, the parliamentary committee chose [...]KCB bank signs MOU with Japanese Lender
Kenya Commercial Bank (KCB) has signed a Memorandum of Understanding (MoU) with Sumitomo Mitsui Banking Corporation (SMBC) effective August 29, 2019. The MoU was signed during the TICAD7 and will [...]KQ hires 20 short-term pilots, blames pilot's association for delays.
Kenya Airways has commenced the hiring of 20 contract pilots for its Boeing 737. The airline blames the Kenya Airline Pilots Association (KALPA)'s collective bargaining agreement for flight delays. KQ [...]Mövenpick launches the fifth Kilo of Kindness' campaign
Mövenpick Hotel Residences has launched its fifth “Kilo of Kindness” campaign to help disadvantaged communities around the world. The campaign calls guests and visitors to support the underprivileged. This [...]Competition regulator warns KCB Group against laying off NBK staff
KCB Group has been instructed by the Competition Authority of Kenya (CAK) to retain 90 percent of its workforce for a period not less than one and a half years, [...]Kenya Bids To Host 2021 UNWTO General Assembly Meeting
Kenya is bidding to host the 24th edition of the United Nations World Tourism Organization (UNWTO) General Assembly in 2021; when the congregation of the UNWTO members meets for its [...]FSD Kenya appoints Anzetse Were as an Economist
Anzetse Were has joined Financial Sector Deepening (FSD) Kenya in the position of Economist starting September 2019. Anzetse, who has a Masters in Economics from the University of Sydney (Australia) [...]Reduction in gross income hindering Kenyans from voluntary retirement
Kenya’s income replacement ratio of 34 per cent may be hindering Kenyan workers from voluntary retirement upon attaining the age of 60. This reduction in income implies that a person [...]Third Shoprite Outlet Opens in Nyali, Mombasa
South Africa's Shoprite has opened its third store at City Mall in Nyali, Mombasa; a space previously occupied by Nakumatt supermarket which was evicted from the premises in March 2018 [...]Why Africa’s Policy Makers Should be Worried About Virtual Platforms and Virtual Currencies
“In a lot of ways, Facebook is more like a government than a traditional company” – Mark Zuckerburg The rise of virtual internet platforms such as Facebook, Whatsapp, Telegram, Kakao [...]
