Equity bank investors drop Sh8.6Bn Employee Share Ownership Plan
Equity group investors rejected an Employee Share Ownership Plan that would have given workers at the institution an additional 205.7 million shares worth KSh8.6 billion. The regional lender announced the [...]
EcoBank Kenya appoints new MD
Ecobank Group has announced the retirement of Samuel Ashitey Adjei, Managing Director of its affiliate Ecobank Kenya and Regional Executive, for Central, Eastern and Southern Africa (CESA), after 29 years [...]
April Inflation hits 19 month high of 6.58%
Kenya’s inflation rose to 6.58 per cent in April 2019 from 4.4 per cent in the previous month. It is the highest inflation rate since September 2017 and was mainly driven [...]Kenya releases new mobile number prefix 01xxx
The Communications Authority of Kenya has announced the release of a new prefix 01xxxx in addition to the prefix 07xxxxxxxx that is currently in use. The use of the new [...]East African Securities Regulators Advocate for a “Centre Light” Model for Regional Regulation
The regional capital markets regulators, under the umbrella of East African Securities Regulatory Authorities (EASRA) have emphasized on the need for the EAC Policy and the Bill for establishment of [...]Home Afrika Delays Publishing of 2018 Financial Results
Home Afrika Limited has joined the list of companies that have sought approval from the Capital Markets Authority to delay the publication of the audited financial results for the fiscal [...]KTDA tea production rises amid price decline
Cumulative green leaf production for smallholder tea farmers under Kenya Tea Development Agency (KTDA) rose to 868.9 million kilos in the first nine months of the 2018/19 financial year (July [...]Equity Bank to acquire Atlas Mara's operations in 4 African Countries
Kenya's leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa focused banking group Atlas Mara to [...]Kenya Airways widens loss to Sh 7.59 Billion
NationalcarrierKenyaAirwayshasreported a loss of Sh 7.59 Billion for the 12 month period ended December 2018 from a loss of Sh 6.41 Billion reported in the nine month period ended in [...]Court Bars KRA From Collecting Betting Levy
The Kenya Revenue Authority can no longer collect taxes accrued from betting firms following a court order which stopped the operations of crucial Income Tax Act sections (Sections two, 10, [...]Equity Group and Safaricom renew partnership
The two major listed companies Equity group and Safaricom have renewed their partnership which will see the two firms work together to provide better financial services to Kenyans. Through the [...]
Disagreement over Bob Collymore’s successor
The Chief Executive of Kenya’s most profitable listed company Safaricom is set to leave office in August when his term of service at the telco comes to an end. However, [...]
