Long Term BUY Recommendation for KenGen
Analysts at Faida Investment Bank recommend buying KenGen shares for the long term. The advice is based on good prospects for the energy producer. It is the leading electricity producer [...]
KenGen Secures Contract to offer Geothermal Drilling Services to Ethiopian Electric Power
KenGen Plc has announced that it has secured a contract to supply geothermal drilling services to the Ethiopian Electric Power. According to a statement distributed by the power producer to [...]
Treasury to Focus on Domestic Borrowing as it Seeks to Reduce Foreign Debt
The National Treasury is planning to increase its borrowing in the domestic market as it seeks to hedge against external risks and cut down on foreign debt. Treasury ‘s Director [...]CMA’s Green Bond Guidelines will Pave Way for Increased Green Financing, a Credit Positive for Banks – Moody’s
Capital Markets Authority’s move to launch green bond guidelines will increase available financing, and help Kenyan banks grow and diversify their lending and funding profiles. In its credit outlook, Moody’s [...]Little Cab to Expand to Tanzania and Ghana
Kenyan-based ride- hailing firm, Little has announced that it will expand its ride sharing business to Tanzania and Ghana by mid 2019. CEO Kamal Budhabhatti said that the firm will [...]CMA Gains Admission into the Prestigious Global Financial Innovation Network
Part of Capital Markets Authority’s strategic goals is to create a conducive environment for Fintech companies to innovate. This commitment has seen the authority gain admission into the coveted Global [...]NIC Bank Opens New Branch in Zanzibar
National Industrial Credit (NIC) Bank has opened a new branch in Zanzibar at a time when the Bank has ventured on a merger deal with Commercial Bank of Africa (CBA), [...]Press Release; ATOMEXPO-2019 to Feature Discussion on the Contribution of Nuclear Technologies to Sustainable Devt
Kenya and South Africa are among African countries expected at the 11th International Forum ATOMEXPO on April 15–16, 2019, in Russia’s southern city of Sochi. This year’s forum is dedicated [...]
Big Blow to Kenya Airways as Move to Take Over KAA Operations Halted by Legislators
Kenyan legislators have halted Kenya Airways plans to run the country’s largest airport through a takeover deal. During a session with official of Kenya Airport Authority, members of parliament in [...]CDC Group Opens Nairobi Office
In 2018, the UK government declared its commitment to increase trade ties with African countries, particularly Kenya. That commitment has been reaffirmed after the government’s development finance company, CDC, opened [...]How to become a successful forex trader in 2019
It is no surprise that Forex trading, a global market where all the world's currencies trade has gained traction among Kenyans over the recent years. A number of foreign companies have expressed interest in setting up local operations while the [...]Kenya Power Reports 16% Half Year Profit Slump
Kenya Power’s net profit dropped by Ksh470 million to reach Ksh2.46 billion in the half year period that ended in December 2018. This is attributed to rise in total expenses [...]
