Kenya's insurance regulator seeks to set up industry sandbox
The Insurance Regulatory Authority is looking to set up a regulatory sandbox for targeting players in the insurance industry by the end of 2019. The sandbox will allow companies to [...]
Poll Reveals Kenya is the most optimistic country in Africa
A new report dubbed Global Optimism Outlook Survey has revealed that 70 per cent of Kenyans are optimistic about the country's future, compared with a global average of 56 per cent, and [...]NSE suspends Mumias Sugar shares from trading
Shares for Mumias Sugar Company (MSC) Limited have been halted from trading today at the Nairobi Securities Exchange (NSE) following yesterday’s appointment of PVR as receiver managers by KCB bank. [...]
Kenya's 80MW Utility Scale Solar Plants Projects to Receive Funding
Kenya is planning on expanding its solar power capacity by building two utility scale projects, The Radiant and Eldosol. The two projects will supply green electricity to about 300,000 of [...]87% of banks optimistic about Kenya's economic growth prospect
A survey conducted by the Central Bank of Kenya showed that 87 percent of banks are optimistic about the country's economic growth prospects. Speaking during the post-Monetary Policy Committee (MPC) [...]
CIC's five-year KSh5bn medium-term note matures
CIC Insurance Group has announced the maturity of a KSh5 billion five-year Medium Term Note (MTN). The note was issued on 8th October 2014 at a 13 percent interest rate [...]KCB appoints a receiver manager for Mumias Sugar
KCB has appointed a receiver-manager to run the debt-ridden Mumias Sugar Company over default in loans the bank provided to the firm. KCB appointed PVR Rao as the receiver-manager to [...]Guest Post; Millennials should leverage time for stress-free retirement
By Joy Kareko When conversations on good financial management are brought up, retirement is mentioned so casually indicating that it is not as urgent or as important compared to other [...]
Kenya's Fintech space ranked most vibrant in Africa
The fintech sector in Kenya is among the fastest-growing in Africa. Not only is Kenya known for its innovation in fintech, but it is also known to be the most [...]EABL investors approve KSh36 million directors' fee
East African Breweries Limited (EABL) recently held its 97th Annual General Meeting. First, the company investors passed that the Annual reports and audited financial statements for the year ended 30th [...]Exploring Recent Trends in Media and Marketing with Serah Katusiah, MD Mediacom EA
The media space is somewhat, the most versatile field one may know of, but also one that keeps changing on almost a daily basis. What may seem relevant today and [...]CBK heightens anti-money laundering checks as the deadline for converting old 1,000 notes nears
The deadline to exchange old 1,000 notes for new generation notes is five days away. As people rush to convert the old paper money, the Central Bank Governor Dr. Patrick [...]
