Kestrel Capital gets a new CEO, Francis Mwangi
Kestrel Capital, one of the largest stockbroking firms in East Africa, has appointed Francis Mwangi as its new CEO. Mr Mwangi will replace Andre DeSimone, who left the position in [...]
Kenya to raise KSh 21 billion for restoring the old Mombasa Malaba railway line
Kenya intends to raise $210 million (KSh21 billion) from private investors for the last phase of the Mombasa Malaba railway project according to the Transport Cabinet Secretary James Macharia. [...]
Stanbic Bank Q1 net profit up 19% to Sh 2.3 billion
Stanbic Bank’s unaudited first quarter results show a 19 per cent improvement in net profit from KSh1.93 billion posted in the first quarter of 2018 to KSh2.3 billion in 2019. [...]Kenya Airways to be Exempted from Paying Taxes Under New proposal by parliament
National carrier Kenya Airways will be exempted from paying taxes if Members of Parliament adopt a report by the Transport and Housing Committee. According to reports by Nation Newspaper, this [...]
Resolution Insurance sells Tanzania Business
Tanzania's Fair Competition Commission has confirmed intentions by a local investor by the name Leonard Chacha Kitoka to acquire shares of Resolution Insurance. Mr Kitoka already has stakes in several [...]Tanzania opposes Kenya’s Mara River Dam Projects
Kenya’s neighbour, Tanzania, is opposed to the construction of Hydro-electric power dams along the Mara River. The country’s officials revealed that they were holding talks with the Kenyan government to [...]Oil exports from Kenya to start by July
Kenya is set to ship out its first oil export in two months. The shipment will contain 200,000 barrels of crude oil extracted from the Turkana oil wells. Government officials [...]National Bank to delist from NSE if takeover deal is approved
Kenya’s National Bank plans to exit the Nairobi Securities Exchange once the takeover deal by KCB group is approved. The two listed banks are in the process of merging their [...]KCB Plans to Buy Banks in Rwanda and DRC
Kenya Commercial Bank KCB CEO, Joshua Oigara has announced the bank’s plan to buy a bank in Rwanda and another one in the Democratic Republic of Congo. Speaking to Reuters, [...]Kenya Airways Resumes Malindi Operations
Kenya Airways has announced the resumption of flights to the coastal town of Malindi with four weekly flights starting 10th June 2019. The flight will be operated by Jambojet using a [...]Digital Lending: A Sound Regulatory Framework Is in Everyone’s Interest
By Rose Muturi Financial Inclusion There is a significant amount of people in Kenya living without a documented financial history. Without that documentation, it has been nearly impossible for banks [...]Restructuring laws offer a lifeline to financially distressed companies
The global financial crisis in 2008 led market regulators to introduce restructuring laws which enable struggling and debt-laden companies to recover from financial distress. Kenya adopted the Insolvency Act in [...]
