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 [...]Family Bank Appoints Rebecca Mbithi as CEO
Kenyan based mid-tier lender Family Bank has announced the appointment of Ms. Rebecca Mbithi as its Chief Executive Officer, subject to approval by The Central Bank of Kenya. Ms. Rebecca [...]
Kenyan Startups Among MEST African Challenge Finalists
Kenyan startups are among 50 other African firms that have qualified for the MEST Africa Challenge's Ksh5 million equity investment and an opportunity to join its incubator community. They include [...]Tier 3 Banks Bear the Biggest Brunt of the Interest Rates Cap Regime -SIB
Small banks in Kenya have been struggling to make a profit ever since the law on interest rate cap was introduced in September 2016, says a report by Standard Investment [...]Another Opportunity for Kenyans to Buy Treasury Bond through M-Akiba
The opportunity for Kenyans to have a pie on the Treasury bond through their mobile phones is here again. The government is targeting Ksh250 million by issuing M-Akiba Retail Infrastructure [...]Long Term buy for Equity Bank shares Analysts
A report by Faida Investment Bank recommends long term buy for banking firm, Equity Group Holdings. According to the report, Equity’s one-year target price is set at Ksh54 per share; [...]Hold Bamburi Cement Stock – Analysts
Research analysts at Faida Investment Bank have given a hold recommendation for Bamburi Cement Stock arguing that the company ‘has a strong market presence in the East African region.’ Bamburi [...]Equity Bank Receives Ksh10Bn Loan From IFC
Equity Bank has been granted Ksh10 billion loan by the International Finance Corporation to boost its lending to small and medium businesses, agricultural projects and women entrepreneurs in the region [...]
