Improved access to credit not guaranteed even after court ruling on rate cap Analysts
Last week on Thursday, the High Court declared the banking law on interest rate cap as unconstitutional, null and void. The law (section 33C of the banking act) limits the [...]
ERC Announces an Increase in Fuel Prices
The Energy Regulatory Commission has announced an increase in petroleum pump prices of Super Petrol,Diesel and Kerosene by Kshs1.26, kshs 0.65 and Kshs 2.96 per litre respectively effective from 15th [...]
CIC Insurance after tax profit jumps 31% to Sh 625M
The insurance company’s after tax earnings rose by 31 percent to reach KSh625 million. The rise was mainly driven by growth in premiums and decline in operating costs. The firm’s [...]98% of CBA shareholders approve merger with NIC Group
The offer by NIC bank to merge with Commercial Bank of Africa has received a high acceptance rate with 29 out of 34 investors in CBA agreeing to the offer [...]Guest Post; High Probability Trading
‘When it rains gold, put out the bucket, not the thimble’ is one of the many quotes by Warren Buffet that I love. More Importantly, I have highlighted it at [...]
High Court Rules Rate Cap Unconstitutional
A Nairobi high court has ruled that a key part of the Banking (Amendment) Bill, 2015, better known as Rate Capping law, is unconstitutional. A three-judge bench argued that the [...]Safaricom to recruit 300 interns for its new Eldoret Call Center
Safaricom has opened a new Call Centre in Eldoret town constructed at a cost of KES900 million. The Call Centre will further enhance the telco's efficiency in handling the over [...]Kenya and France sign contracts worth Sh 230 billion
Kenya has sealed several infrastructure contracts with French companies after Emmanuel Macron’s visit into the country. According to Reuters, one of the contracts entered into is the Nairobi – Mau [...]EAPCC Sells its Athi River Land to Kenya Railways
East Africa Portland Cement Company has abided by the Government plan to have it sell 16,000 acres of land in order to revive the troubled cement maker, which recently issued [...]India Govt Invests Sh 2.9 Billion in Rivatex East Africa
The Indian Government has invested Ksh 2.9 billion into the Rivatex company which will be used to revive the textile factory and have it back on operation. The Indian High Commissioner to [...]Sh 86 Billion debt write-off for struggling sugar companies
Kenya's Cabinet Secretary for Agriculture Mwangi Kiunjuri revealed a plan by government to write off KSh 85.5 billion debt owed by five sugar factories in the Western region. The plan [...]Kenol Kobil appoints two board members to represent Rubis Energie SAS
The board of Kenol Kobil has appointed two new directors to represent the interests of Rubis Energie which is in the process of finalizing its acquisition of Kenol Kobil PLC. [...]
