Britam to acquire stake in PE Firm Tiserin Capital
Kenya’s largest insurance company, Britam is in discussions to own part of Tiserin Capital, a Private Equity company focused on African investments. The insurer aims to spread out its investments [...]
KCB Group to start operating in China by June 2019
KCB group revealed plans to open a representative unit in China as it aims to benefit from increased trade ties between China and African countries especially, Kenya. China is the [...]Nairobi Securities Exchange Suffers 6 hour Systems Outage
The Nairobi Securities Exchange suffered one of its worst outage on Monday after a technical issue delayed the start of trading for nearly 6 hours. Trading started at 2.55 PM [...]StanChart Pledges Sh 2 Trillion to Finance Belt and Road Initiative
The Standard Chartered has pledged to input Kshs 2 trillion (USD 20 Billion that will finance the Chinese-initiated Belt and Road projects within the market it operates by 2020. Without [...]
Kenyan stock exchange proposes to introduce Fine Art as an asset class
Nairobi Securities Exchange Chief Executive Officer, Geoffrey Odundo, has hinted on a proposal to introduce fine art as an alternative investment asset at the bourse. During the recent Art and [...]Central Bank voices concern over unregulated mobile lending
For the second time, CBK Governor Dr. Patrick Njoroge has voiced his concerns about lack of rules in the mobile lending sector. The Governor likened the digital lenders to Shylocks [...]AAR’s medical insurance segment incurs Sh 626 million loss
AAR Insurance, Kenya’s second largest health insurance provider with 13.65 per cent market share, suffered a loss of KSh626 million from its medical insurance business in 2018. This is according [...]Kenya hosts U.S. pension fund managers to spur infrastructure investments
The Kenya Pension Fund Investment Consortium (KEPFIC) will host 30 representatives of major U.S. pension and asset management funds from April 1-3, on an initial mission to evaluate the investment [...]
Kenya March Inflation Rate Jumps to 4.35%
Kenya’s year-on-year inflation rate in March 2019 stood at 4.35 per cent, an increase from the 4.14 per cent recorded in March, the stats office KNBS has reported. The monthly [...]Safaricom fixed data subscribers more than double in 12 months
Safaricom registered a sharp rise in its fixed data subscribers from 48,000 in the second quarter of 2017/2018 to 110,000 in the similar period in the year 2018/2019. The telco [...]Britam posts Sh 2.2 billion net loss
Britam Holdings has posted a KSh2.2 billion net loss for the full year 2018 compared to KSh527 million net profit recorded in 2017. The insurance and investment services provider blamed [...]HF Group reports Sh 652 million loss, NPLs up 56%
In 2018 earnings, Housing Finance reported pre-tax losses of KSh652 million from KSh334 million pre-tax profits made in the same period 2017. The company’s interest income declined by 15% to [...]
