Kenya's Active Mobile Money Subscribers hits 31.6 Million
A recent report released by the Communication Authority of Kenya covering October to December 2018 showed that the number of total active mobile money subscriptions were at 31.6 million while [...]
Kestrel CEO Andre DeSimone resigns amid Kenol Kobil insider trading probe
Mr Andre DeSimone, the Chief Executive officer of Kenya's largest stockbroking firm, Kestrel Capital, has resigned from his position just a few months after he was accused of insider dealing [...]
Brenda Mbathi Appointed CEO of GE East Africa
American multinational conglomerate General Electric (GE) has announced the appointment of Brenda Mbathi as the new chief executive officer for East Africa. She will oversee the next phase of strategy [...]Ministry of Trade Finalizing Draft Bill for non-deposit taking Saccos
The Ministry of Industry, Trade, and Co-operatives is finalizing on legislation seeks will regulate non-deposit taking savings and credit co-operative societies (Saccos). The senior deputy commissioner for co-operatives Geoffrey Njang’ombe [...]Kenya among Africa's top destinations for Private Equity investments
The AVCA 2018 Limited Partner Survey ranked Kenya as the 2nd most popular country for PE deals in Africa. As per the report, foreign investors are drawn to Kenya by [...]KRA implements new law on Cargo Clearance
On 18th March, a new law on cargo clearance came into effect. The regulation requires all cargo coming to Nairobi to be cleared at the Inland Container Depot Nairobi via [...]CMA unveils panel of Financial Markets experts
The Capital Markets Authority board has unveiled a list of 16 prominent financial markets lawyers and practitioners who will serve in the Financial Markets Law Review Panel. The panel has [...]UAP-Old Mutual Posts Sh 518 million loss
Financial services provider UAP-Old Mutual Group has recorded a massive decline in earnings from a net profit of KSh 608 million to half a billion loss. The company, with subsidiaries [...]Guest Post; Self-regulation necessary to grow Digital Lending in Kenya
By Phyllis Kamau Thanks to the strategic alignment to the global technological revolution, Kenya has one of the mosteffective Digital Lending access rates especially to micro-small medium enterprises and households [...]
Retirement Benefits Authority unveils Mobile App
Members of the public can now whistle blow, file complaints, make enquiries track industry trends, monitor schemes performance and access all registered pension service providers via the RBA Mobile APP [...]Kenyan lawmakers propose banning of imported milk
A Parliamentary committee on Agriculture, Irrigation, and Livestock have proposed a ban on shipping of raw and powdered milk in a bid to salvage the local industry. Vice Chairman Emmanuel [...]Housing Finance Announces Board Changes
Dr Steve Omenge Mainda has retired as the Non-executive Director and Chairman of HFC Limited. Mr Mainda, however, retains his position as the Chairman of HF Group Plc. Dr Kaushik [...]
