The Impact of Banking sector development on Kenya's economy
Kenya’s banking sector has facilitated sustainable development through affordable finance. The financial services sector has been at the centre of driving and shaping Kenya’s GDP growth. In a report; The [...]
How Airtel and Telkom frequent change in management and brand diluted their market in Kenya
Companies’ brands thrive on consistency and qualities of services that they offer and of course the distribution and their network coverage for telecommunication companies. Mobile has become pervasive and therefore [...]
Chinese investors keen on trade with Kenya
More Chinese investors are enthusiastic about conducting business with Kenyan traders, especially on the sale of fruits and vegetables. Chinese delegates from the Shandong Province recently visited various counties with [...]Digging Into Safaricom Investment Co-operative's Latest Project The Zaria Village
Safaricom Investment Co-Operative has been in existence since 2009, delivering a total of 129 projects. Over the ten years, the co-operative has been able to remit upto 42% annual returns [...]Malindi International Airport to Further Expand to 259 Hectares
The Kenya Airports Authority has revealed plans of the national government to implement the second phase of Malindi International Airport expansion. According to KAA, the Malindi International Airport needs at [...]6% Salary increase for banking sector workers
Unionizable bank employees and bank management will enjoy a six percent salary increase within 2019-2021. This follows successful union negotiations for the three-year period. Banking, Insurance, and Finance Union (BIFU) [...]CAK penalizes Moringa School for merger without approval
The Competition Authority of Kenya has penalized Moringa School half a million shillings for implementing a merger without approval from the authority. The authority asserts that Moringa informed CAK of [...]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 [...]
