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 [...]Tulip Healthcare Deregistered as Medical Insurance Provider and Broker
Tulip Healthcare Limited has been deregistered as a Medical Insurance Provider by the insurance regulator. The Insurance Regulatory Authority has also deregistered two other MIPs, three brokers, 10 motor assessors, [...]African Startups Urged to Secure up to $100K Funding from Ingressive Capital
Ingressive Capital has asked startups in sub-Saharan Africa to apply for its funding between $50,000 and $100,000. The venture capital, part of an African investment advisory firm Ingressive LLC, says [...]CAK’s Intervention in Mobile Money Payments Bears Fruit
In 2016, the Competition Authority of Kenya created a law requiring all mobile service providers and banks to disclose fees charged on mobile-based transactions. The law was meant to protect [...]Mergers Contributed Ksh66Bn to Kenya’s Economy in 2018 CAK
The Competition Authority of Kenya has released its annual report for the financial year 2018. In that period, the authority received 150 merger notifications which is an improvement from the [...]KRA Clarifies on Corporate Taxation of Untaxed Profits
The Kenya Revenue Authority has issued a clarification on section 7A of the finance Act 2018 regarding the taxation of untaxed profits distributed as dividends. Through a public notice, the [...]Kenya’s Tea Export Surpasses that of India
Kenya’s tea export is higher than that of India, despite having a combined 13 per cent of the world’s production with Sri Lanka compared to India’s 23 per cent. India’s [...]As Little Shuttle Increases its Fleet, other Firms are Joining the Bus-Sharing Market
A week after Little Shuttle commenced its operations in Nairobi; an Egypt-based startup may be soon joining the nascent bus-sharing market space. Swvl, which received $38 million in funding last [...]
