New Bill to Punish Borrowers who Defy Lending Rate.
Jude Njomo, the Member of Parliament representing Kiambu Constituency proposed The Banking Amendment Bill of 2019 which seeks to punish borrowers who take on loans beyond the set lending rate. [...]
Kenya Airways Increases Flight Frequency
National carrier Kenya Airways (KQ) has increased the number of flights to Mombasa, Zanzibar and Kilimanjaro. In a move seeking to meet the rising demand during the peak travel season, [...]Parliament Invites Public Participation In The 2019 Division Of Revenue Bill.
The National Assembly invites members of the public to air their views on the Division of Revenue Bill. The bill which seeks to provide governance of how the National and [...]Shoprite's expansion in Mombasa and Nairobi
One of the major South African retailers Shoprite has set plans to expand and open shop in Mombasa and Nairobi. Shoprite is expected to open a supermarket in City Mall [...]Ukur Yattani named acting Treasury Boss
Ambassador Ukur Yattani has been named as the acting Cabinet Secretary in charge of National Treasury and Planning to take over from CS Henry Rotich. He is an Economics graduate [...]
Manufacturers express concern over EGMS
The Kenya Association of Manufacturers has raised concern over the new excise stamps for soft drinks, food supplements, and beauty products expected to take effect on 1st September 2019. The [...]New regulations will see CMA regulate coffee auction.
Capital Market Authority is set to regulate coffee auction following the enactment of the Crops (coffee) General Regulations (2019) on July 1. The Nairobi Coffee Exchange (NCE) is the coffee [...]
Parliament Approves Nationalization of Kenya Airways
Yesterday, Parliament voted for the nationalization of Kenya Airways, Kenya's national airline. This is after the legislators rejected the airline's Private Initiated Investment Proposal dated 18 June 2019 to take [...]KRA in a new drive to streamline levies collection at border points
KRA has partnered with Ecobank to incorporate digital payment and collection solutions at border points to streamline tax collection. Ecobank payzone at various border points will enable clearing and forwarding [...]New generation banknotes expected to increase in circulation this week
There have been reports of a shortage of the newly launched Banknotes. However, the Central Bank Governor Dr. Patrick Njoroge said that the notes will increase in circulation starting this [...]Treasury issues KSh40 billion bond
The government is inviting investors to buy a 15 year treasury bond which is on sale until 23 July. The funds raised will be used to support the current budget. [...]Understanding the Structure of Pricing a Futures Contract (Future price vs spot price).
Futures products are derivative products whose price or value rely largely on the price of the underlying stocks or indices, but the pricing is not usually direct. There is usually [...]
