APT Commodities Joins NSE's Ibuka Incubation Programme
APT Commodities Limited, a tea exporter, has been admitted by the Nairobi Securities Exchange Plc to join the Ibuka Program. Ibuka is NSE’s incubation and acceleration program with an eventual [...]
KenGen Plans to Raise Funds in H2 2019 through Green Bond Issue
KENGEN is looking to raise funds from the capital markets in the second half of 2019 through asset-backed securities or green bonds, according to the company’s chief executive officer, Rebecca [...]
Occidental Insurance Blacklists 25 Car Models, Vehicles Above 15 Years
Occidental Insurance has blacklisted 25 car models from underwriting for having obsolete or rare spare parts “and therefore proves to be a challenge when settling claims”. In a letter to [...]BAT Records a 22% Increase in PAT
BAT has recorded a 22 per cent rise in profit after tax, this is according to its latest results. The company earned Ksh4.1 billion in 2018 up from Ksh3.3 billion [...]Rose Ogega Appointed to Board of Safaricom
Kenya’s largest listed company, Safaricom, has appointed Mrs. Rose Ogega, managing director of Bloom Consultancy limited to its board of directors. Her appointment as an independent non-executive director comes after [...]Nairobi, Nakuru, Kiambu and Mombasa Contributed Highest GDP in Kenya
The Kenya National Bureau Statistics has released its first gross county product report which provides official statistics on economic size of counties, the structure of county economics and it also [...]Deacons seeks to raise Ksh450M to Settle its Financial Woes
Troubled fashion retailer Deacons East Africa will consider raising approximately Ksh450 million which is required to settle the company’s creditors and lenders and also use to balance towards the working [...]Mauritius based ratings agency cleared by CMA to operate in Kenya
Kenya's Capital Markets regulator (CMA) has approved the licence of Mauritius based CARE Ratings (Africa) Private Limited (CRAF) to operate in the country. The credit rating agency will carry out [...]
Treasury Invites the Public to Deliberate on Kenya’s Sovereign Wealth Fund
Kenyans and other stakeholders have until 26February to submit their views on the draft Sovereign Wealth Fund Bill, 2019 and on Kenya’s draft Sovereign Wealth Fund Policy. This is in [...]UBA Kenya Shares Its 2019 Strategy with Its Customers
United Bank for Africa Kenya shared its 2019 strategy at its first customer engagement forum of the year held at Capital Club, in Nairobi. During the function, Mr. Emeke E. [...]SEACOM Appoints Tony Tugee as its Managing Director for Eastern,Northern and East Africa
Tony Tugee has been appointed SEACOM's Managing Director for the Eastern North and East Africa region. Prior to his appointment, he was SEACOM’s head of business in Kenya and East [...]If CMA Wins the Insider Trading Case Touching on Kenol Kobil, It will be a Major Milestone for the Financial Markets Regulator
The CMA is currently investigating the country’s first major case of insider trading. The case involves a stock broking firm, an agent and the executive of a listed company. Aly [...]
