IMF gives statement on reports of Suspension of Kenya's $1.5 billion standby facility
IMF Resident Representative in Nairobi, Jan Mikkelsen, has issued a statement saying Kenya's access to a $1.5 billion standby facility has not been discontinued as reported earlier. Jan Mikkelsen noted, [...]
Kenya's Markets Regulator Issues Public Warning Against ICOs
Kenya's Capital Markets Authority (CMA) has become the latest in a long line of regulators worldwide who have issued warnings to investors, urging them to take into account the risks associated [...]
Kenya Airways Set To Make More Trips to South Africa
South Africans will now have more access to Kenya since they will get visas on arrival and because Kenya Airways plans on increasing the number of flights to three every [...]KCB Group Plc Makes Changes in Its Directorship
The Board of KCB Group Plc has announced the resignation of Dr Nancy Asiko Onyango as a Non-executive Director. “Dr Onyango served diligently on the Board of directors since 2017. [...]Centum Officially relocates its corporate Headquarters to Two Rivers
Centum Investments has officially announced its moving its Corporate headquarters from International House Mama Ngina Street to Two Rivers Mall from next month. We wish to notify our shareholders, stakeholders [...]Ascent acquires majority stake in Auto Springs East Africa
Ascent Rift Valley Fund (ARVF), an SME Private Equity Fund investor has signed an investment deal that will see it acquire a majority stake in Auto Springs East Africa. The [...]Kenya Records Lower Mobile Money Transactions In 2017
According to a report by the Kenya National Bureau of Statistics (KNBS), mobile money transactions decreased from 146.20 million in December 2016 to 139.93 million in December 2017. However, the [...]Kenya's Coffee Fetches one of the Highest Prices in Three Years
Kenyan coffee has recorded one of the highest prices in three years due to the annual pilgrimage by coffee buyers and roasters and the high-quality beans being produced by farmers. [...]Kenya’s APA Insurance Installs IBM's Business Intelligence Solutions to Improve Customer Experience
Kenya's APA Insurance has turned to IBM's business intelligence solutions to ensure an improved customer experience. This includes quicker claims processing, more relevant premiums to ensure customer satisfaction, and retention of [...]A chat with Gulf African Bank Kenya CEO; Islamic Banking, SME Opportunities
Gulf African Bank (GAB), the first Shari’ah-compliant financial institution in East Africa, was licensed by the Central Bank of Kenya in 2007. The bank began its operations in 2008. Shari’ah-compliant [...]BAT Kenya Net Earnings Plunge by 21%, cuts dividend by 40%
British American Tobacco Kenya, the NSE listed company which is engaged in the manufacture and sale of cigarettes and tobacco has announced a 21% profit drop to Sh 3.34 Billion [...]Hundreds of Youth from Informal Settlements Trained on Entrepreneurship
More than 220 young men from vulnerable communities in urban informal settlements in Nairobi and Mombasa have successfully completed a five-month long entrepreneurship training programme. The “Y-Bizna” initiative sponsored by [...]
