Safaricom to Replace Manual M-Pesa Transaction Books with Digital Registers to Enhance Information Privacy
Safaricom says it will replace manual M-Pesa transaction books with digital registers by the end of the year to enhance information privacy of its customers. Amon Ngechu, Senior Manager, Financial Systems [...]
CMA Extends Deacons Share Suspension for 10 Months
The suspension of Deacons EA Plc (under administration) from trading its shares at the Nairobi Securities Exchange has been extended by the Capital Markets Authority until 30 November 2019. The [...]CBA Group NIC Bank Boards Approve Merger Deal
The boards of CBA Group and NIC Bank have approved a merger between the two entities, creating one of Africa's largest banks by customer numbers (40 Million +) with more [...]
Airport's Lobby Group Calls for Industry Action Against the Impending KAA KQ Merger
Workers drawn from the Kenya Aviation Workers Union have issued a strike notice against the impending takeover of Jomo Kenyatta International Airport by Kenya Airways. Kawu says its members will [...]CMA Invites Public to Deliberate on the Private Offer's Guidelines
The Capital Markets Authority is inviting comments from the public and other stakeholders on the draft Information Notice used to make private offers by 15 February 2019. Private Offers are [...]
Deacons CEO Blames Late Opening of Two Rivers Mall as the Genesis of its Financial Woes
Deacons East Africa ’s (under administration) CEO Muchiri Wahome says delay in opening Two Rivers Mall is to blame for the company’s financial woes. The fashion retail company planned to [...]Taxify Partners with Stanbic Bank to Provide Drivers with Car Loans
Taxify has entered into a deal with Stanbic Bank and Renault Kenya to provide car on loans for its drivers. Drivers will receive 100 per cent asset financing from Stanbic, [...]Kenyan Government Has an Option to Reorganise its Debt Portfolio CBK
Kenyan government has an option to reorganise its debt portfolio in order to reduce its stress, and achieve its commitment of narrowing its fiscal deficit. Central Bank’s Governor Patrick Njoroge [...]World Bank Partners with CRA to Unveil County Creditworthiness Academy in Kenya
The World Bank Group, in partnership with the Commission for Revenue Allocation, has rolled out County Creditworthiness Academy in Kenya which seeks to educate County Government financial officials and the [...]CBK Keeps Interest Rate Unchanged at 9% in its First Meeting of 2019
The Monetary Policy Committee has resolved to keep the Central Bank Rate unchanged at 9 per cent. MPC made the decision during its first meeting of 2019. The Central Bank [...]Hemmingways Ranked Best Hotel in Nairobi
Hemmingways Nairobi is the best hotel in Nairobi, this is according to the 2019 Travelers’ Choice Awards. The award, which is based on reviews and opinions of ordinary customers, also [...]The Controversial Ksh4.2Bn Lake Basin Mall Set to Open Two Years After Completion
The Ksh4.2 billion shopping complex, owned by the Lake Basin Development Authority (LBDA) is set to open, two years after its completion. LBDA Managing Director Evans Atera confirmed that French [...]
