KCB signs deal with Moroccan Bank
Kenya’s largest bank by assets –KCB group – has entered into an agreement with Attijariwafa bank, a leading Moroccan bank. The agreement will enable Attijariwafa to expand its network in [...]
UFAA Appoints new CEO as unclaimed assets hit Sh 240B
Unclaimed Financial Assets Authority (UFAA) has appointed John Kihara Mwangi as the Chief Executive Officer, replacing Kellen Kariuki who resigned at the end of last year. Prior to his appointment, [...]
Kenya Airways, Alitalia sign codeshare agreement
Press release; Kenya Airways and Alitalia, the flag carrier of Italy, have signed a codeshare agreement to offer enhanced connections to Europe through Rome, to 16 domestic Italian destinations and [...]
Kenya-Re issues profit warning
Kenya Re has issued a profit warning saying it expects profits for 2018 to decline by more than 25 percent. The re-insurance company is the fifth listed company to issue [...]Kenya Meteorological Department Warns of Persistent Drought
The Kenya Meteorological Department has said that the current dry weather conditions in the country may prolong over most parts of the country, more so the eastern regions and the [...]Consumer lobby appeals against ruling to annul rate cap law
The Consumer Federation of Kenya (COFEK) has appealed against High court’s decision to annul the law on interest rate caps. Cofek was listed as an interested party in the petition [...]M-akiba 2 attracts 79 per cent subscription
The recently reopened M-akiba infrastructure bond has been listed on the secondary market at the NSE. The mobile based bond raised KSh197 million against the targeted KSh250 million; translating to [...]Lawmaker determined to retain rate cap law, recommends regulation of mobile lenders
Jude Jomo, the legislator behind the law on interest rate cap, says that he will ensure the regulation stays in place.Mr Jomo made the statement shortly after Thursday’s high court [...]KEPSA CEO Carole Kariuki Joins East African Cables Board
The East African Cables board has announced the appointment of Carole Kariuki as a non-executive director. Currently, she is the CEO of Kenya Private Sector Alliance. She has a wealth [...]Standard group earns KSh397 million profit before tax in 2018
Standard group is back to profitability after it recorded KSh397 million profits before tax; marking a shift from the KSh282 million loss it made in 2017. The media company attributed [...]UK Govt unveils Innovation Challenge targeting Kenyan Enterprises
The UK Government has invited Kenyan enterprises to apply for a Business Innovation Challenge that will see five successful enterprises receive grant funding and technical assistance worth up to KSH [...]Kenya Airways market value down 38.2% year-to-date
Kenya’s national airline has been struggling to stay out of the loss-making territory for the past seven years. In less than three months, the airline has lost close to 40 [...]
