Orlando Lyomu Appointed CEO of Media House Standard Group
The Standard Group Board of Directors has announced the appointment of Mr Orlando Lyomu as the Group Chief Executive Office. Mr Lyomu, formerly holding this position in an acting capacity [...]
Safaricom in Trouble as New CA Report Proposes Sharing of Mobile Money Agents Network
A draft report by the Communications Authority of Kenya (CA) on increasing competition in the telecommunications sector proposes that Safaricom, the largest telco in Kenya, should provide its competitors with [...]Financial Markets Conduct Bill 2018 a threat to CBK Governor Njoroge
The Central Bank of Kenya has put forward concerns of the proposed Financial Markets Conduct Bill 2018 drafted by The National Treasury last week. The draft aims at creating an [...]New Sh13.2 Billion Power Substation Commissioned in Nairobi CBD
Charles Keter, the Energy Cabinet Secretary has launched the Gas Insulated Switchgear (GIS) substation located in the Central Business District (CBD) with the aim of enhancing the flexibility of the [...]Stanchart Bank Kenya Q1 Net Profit Declines 10.5% to Sh 1.6B
Standard Chartered Bank of Kenya has posted a 10.5% decline in Q1 net profit to Sh1.6 billion compared to Sh1.9 billion in the same quarter in 2017. The lender attributed [...]
Central Bank Kenya Retains Key Rate at 9.50 pc
The Monetary Policy Committee of Kenya's Central Bank has retained the Benchmark CBR at 9.50 percent saying overall inflation is expected to remain within the Government target range. The MPC [...]Tanzania Orders BRT Buses From Kenyan Firm as Kenya Imports BRT Buses from South Africa
Nairobi-based Labh Singh Harnam Singh (LSHS) Limited, a bus body-builder firm, has received an order to build high-capacity buses for Tanzania’s Bus Rapid Transit (BRT) system. Interestingly, Cabinet Secretary Transport [...]Opinion; How the Central Bank Of Kenya Plans To Regulate Bitcoin Cryptocurrencies
Bitcoin and cryptocurrencies are a puzzle especially for regulators. Over the last 4 years our dear Central Bank Governor, Dr. Patrick Njoroge has consistently been opposed to the idea of [...]Financial Markets Conduct Bill Proposes Establishment of 4 New Entities to Regulate Access to Credit
The proposed new law entitled the Financial Markets Conduct Bill 2018 has recommended the establishment of five entities to regulate matters surrounding access to credit. The Bill is relevant to [...]Kenya Power announces new corporate structure
Kenya Power has announced the reorganisation of its corporate structure citing need to offer improved customer service and effective management operations. The Chairman of the Board of Directors, Amb. (Eng.) [...]CMA Suggests Repackaging REITs ABS to Contribute to Govt's Dev Agenda
In its soundness report for the first quarter of 2018, the Capital Markets Authority (CMA) suggests repackaging Real Estate Investment Trusts and Asset-Backed Securities to fund large development projects in the [...]High-Income Earners Set to be Charged 35pc for Incomes Exceeding Sh9m Annually
High-income earners making more than Sh750,000 per month (over Sh9 million per annum) will be taxed at a rate of 35 percent if the National Assembly approves the Draft Income [...]
