Fitch expects Kenya's Interest Rate Cap to be revised but not rescinded
(Fitch Ratings) Kenya's cap on loan rates and its floor on deposit rates have had a dramatic impact on the spread between banks' lending and deposit rates, which have halved [...]
CityBlue Hotels announces its first property in Kenya
CityBlue Hotels has announced its first property in Kenya with the opening of the CityBlue Creekside Hotel Suites, Mombasa. The hotel is strategically located in Nyali, close to the [...]Liquid Telecom KETRACO partner to build fibre network across Kenya East Africa
Liquid Telecom Kenya, part of pan-African telecoms group Liquid Telecom, has announced a 10-year partnership with Kenya Electricity Transmission Company Limited (KETRACO) to operate KETRACO’s Optical Ground Wire (OPGW) fibre [...]The rising Popularity of Equity Bank's EazzyLoans
In 2015 Equitel introduced EazzyLoan, a product that made it possible for subscribers to instantly borrow 30-day loans of up to Kshs 200,000 via their mobile phones. A year later [...]What’s the actual cost to a business of a data breach?
In its annual Kenya Cyber Security Report 2016, Cybersecurity firm Serianu noted that Kenyan companies lost nearly 18 Billion shillings in 2016, in cybercrime related cases. This was an increase [...]Kenya's CBK misses target on KES 30Bn. 5 Yr Bond receives KES 13.5 Bn.
Kenyan Government through the Central Bank of Kenya in its October bond sale saw it receive KES 13.5 billion against a set target of KES 30 billion. The 5 Year [...]KenGen Full Year 2017 Profit Before Tax rises by 2%
Energy producing company KenGen released its full year 2017 results that was characterized by a tough operating environment however the company managed to book in a 2.4% increase in profits [...]Stanbic Named Safest Bank in Kenya By Global Finance
Global Finance has named the Safest Banks in Africa in an exclusive survey to be published in the November 2017 issue as part of the publication’s 26th annual ranking of [...]Capital Economics says Risk of violent crisis escalating in Kenya
According to Capital Economics, Kenya’s post-election legal drama is still rapidly developing. The latest developments all suggest that the country’s chance of avoiding a violent (and economically painful) crisis is [...]Swiss Freight company Panalpina Acquires Kenya's Air Connection
Swiss freight forwarding and logistics company Panalpina has completed the acquisition of Air Connection, a specialized forwarder of flowers and vegetables following the approval by the Competition Authority of Kenya. [...]Equity Bank's insurance arm unveils healthcare product for Diaspora Market
Equity Insurance Agency has launched a healthcare product targeted at the diaspora market to benefit their loved ones back home. The product dubbed ‘Equimed’ is a medical insurance cover underwritten [...]Weekly Market Analysis
Investors holding shares at the bourse are getting swept out to sea. Psychologically, there is a skirmish between two schools of thoughts: holding shares so as not to be left [...]
