NSE Kenya extends CEO Odundo's term for next four years
Nairobi Securities Exchange (NSE) has extended the tenure of its Chief Executive Officer Geoffrey Odundo by another four years effective March 1 2019. Mr. Odundo, will continue to oversee the [...]
NSE Introduces Day-trading for Govt bonds
Traders at the Nairobi Securities Exchange will now be able to settle bond trades in a single day. The new development has come after NSE upgraded its trading system to [...]
Proposed Insurance Amendment Bill enters final stages in parliament
The proposed Insurance (Amendment) Bill will see fraudsters jailed for a period of five years in addition to paying 10 times the amount exploited in fraud. If passed to law, [...]
Inactive CDS Accounts to be Declared Dormant by 1 March 2019
Investors that have neglected their Central Depository and Settlements accounts in the last two years will be unable to access them from 1 March 2019 as new regulations CDS [...]GCR Upgrades NIC Bank’s Rating from Stable to Evolving
South African based Global Credit Ratings GCR has changed NIC Bank Kenya PLC’s long-term and short-term national scale ratings of A(KE)and A1-(KE) from stable to an Evolving Outlook citing its [...]What every trader should know before starting trading on Forex
The start of the forex market dates back to 1971. With the development of the Internet, this market has become available to almost everyone. Financial market participants enter the market [...]Govt owned Youth Fund Seeks Sh 300M to launch Mobile lending App
The Youth Enterprise Development Fund is seeking Kshs 300 Million from the National Treasury to launch a mobile app, Y-Mobile in April 2019, according to its Chairman Ronald Osumbo. Osumba [...]Gov't Contemplates Taking Full Ownership of KQ- PS Koimett
Transport Principal Secretary Esther Koimett has said that the Kenyan Government is considering taking full ownership of Kenya Airways, a move that will avert competition from other renowned state-owned airlines [...]Treasury Once Again Recommends Repealing of Rate Caps
Treasury has again recommended the repealing and scrapping of the bank rate cap as it is hurting Small and Micro Enteprises. Dr Geoffrey Mwau, treasury's economic secretary says [...]Kenya's Sugar Industry slumped in January due to closure of some Factories
Kenya produced 46,313 metric tonnes in January 2019 against 62,819 mt in same period last year, a 26 per cent sharp decline, attributed to the closure plants like Mumias Sugar [...]Anti-Money Laundering Law Receives Opposition from Kenyan Legislators
Kenyan lawmakers are opposed to the banking regulation put in place by the Central Bank to stop cases of money laundering. The legislators argue that the laws are a hindrance [...]Kenyan MPs Make Changes to Law Governing Public Use of Funds
Kenyan legislators recently made changes to the law that governs use of public funds; the Public Finance Management Act (2012). The act was created to bring accountability and ensure prudent [...]
