Central Bank of Kenya Retains Key Rate at 10%
The MPC of Kenya's Central Bank met on July 17, 2017, to review the outcome of its policy decisions and recent economic developments. The Committee decided to retain the Central [...]
Nakumatt Workers Threaten Strike Action Over Proposal to pay Salaries in installments
The Kenya Union of Commercial Food and Allied Workers (KUCFAW) says a strike is looming at Nakumatt Supermarkets after the retailer's workers rejected a proposal to be paid monthly salaries in [...]mVisa Takes on M-Pesa Pesalink with Free Mobile Money Transfer Service
Visa has announced that consumers of a Visa-led bank partnership in Kenya will be able to send money to each other domestically without paying transaction fees using mVisa. The partnership [...]John Kerry Ex-Senegal PM Aminata Touré to Co-Lead Carter Center Election Observation Mission in Kenya
Former U.S. Secretary of State John Kerry and former Prime Minister of Senegal Aminata Touré will co-lead the Carter Center’s election observation mission in Kenya. The mission will deploy more [...]Total Kenya completes change of name to Plc status
Total Kenya (Stock; TOTL) has announced that it has completed legal changes to the Company’s status, and now operates as a Public Limited Company (Plc) along with a legal change [...]AfDB Grants Kenya Sh 100 million for drought victims
The African Development Bank Group (AfDB) has approved a Sh 100 Million (US$ 1 million) grant to people affected by drought and famine in Kenya. This comes after the Kenyan [...]Alibaba Founder Jack Ma to Visit Nairobi Next Week
UNCTAD Secretary-General Mukhisa Kituyi will co-host UNCTAD Special Advisor for youth entrepreneurship and small businesses, Jack Ma, when he lands in Africa for the first time later this month on [...]Global Credit Rating affirms KCB Group’s AA(KE), Outlook Stable
Global Credit Ratings (“GCR”) has accorded the above credit ratings to KCB Bank Kenya Limited (“KCB Bank”; “the bank”) based on the following key criteria: KCB Bank was established on [...]Ahead of Elections, Fitch Affirms Kenya at B+', Negative Outlook
Ahead of the August elections, Fitch Ratings has affirmed Kenya's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at B+' and said that the outlook remains negative. The agency [...]Uchumi gets Strategic Investor To Inject Sh 3.5 Billion
Uchumi Supermarkets (Stock; UCHM) has announced it has finally found a strategic investor to take a controlling equity stake in the business in exchange for a Sh3.5 billion capital injection. [...]Stanchart Bank Kenya unveils partnership to build SMEs capacity
Standard Chartered Kenya has launched a partnership that will see the Bank provide entrepreneurship and financial education skills to Small and Medium Enterprise while at the same time linking the [...]Kenya Shifts To Smart Driving Licences
The Kenya National Transport and Safety Authority (NTSA) -The government agency authorised to issue driving licences has announced that its in the final stages of rolling-out the New Smart driving [...]
