ARM Cement’s Ratings Placed ‘Under Review’ By GCR
Global Credit Ratings (“GCR”) has placed NSE listed cement manufacturer ARM Cement Limited’s national scale Issuer ratings “Under Review.” GCR noted that while the ratings were scheduled to be reviewed [...]
Moody's assigns first-time ratings to Kenya's Equity Bank Co-op Bank
By Moodys Moody's Investors Service (Moody's) has assigned first-time B1 ratings to Equity Bank Kenya Limited (Equity ) and the Co-operative Bank of Kenya Limited (Co-op Bank). Moody's has also [...]Japan Loans Kenya Sh 11.8 Billion For Phase Two of Mombasa Port Road Project
The Japanese Government has signed an agreement to loan the government of Kenya Kshs 11.8 Billion to finance the second phase of the Mombasa Port Area Road Development Project (MPARD.) The loan [...]Global Credit Rating (GCR) withdraws Nakumatt’s National ratings
South African based Global Credit Ratings (“GCR”) has announced the withdrawal of national scale ratings assigned to Kenyan retailer Nakumatt Holdings, without affirmation. At the last rating review in December [...]Barclays Kenya Relocates Seven Branches, No Jobs Lost
Barclays Bank Kenya has announced plans to undertake a relocation exercise of seven branches, five in Nairobi and two in Mombasa. To resolve any overlaps that may exist, Barclays will [...]NSE; Week 26 Market Commentary
By @MihrThakar Last week saw a plunge in activity with only 95,397,400 shares traded as compared to the previous week’s 170.5 Million shares (-44%). Total turnover was Kshs. 2.3 Billion as [...]Abraaj Group to acquire 100% of Java House from ECP
The Abraaj Group, a Dubai based investment firm focussed on emerging and frontier markets, has announced it has entered into a definitive agreement to purchase 100% of Java House Group, [...]Kenol Kobil takes lead in Petroleum Industry with 16.7% Overall Market Share
In the latest industry statistics released by Petroleum Institute of East Afrca (PIEA) for the period January to March 2017 (Q2), Nairobi Securities Exchange listed company Kenol Kobil topped the [...]Kenya Q1 2017 GDP Slows To 4.7% as Agriculture Contracts for the First Time Since 2011
The Kenyan economy in the first quarter of 2017 advanced by 4.7 percent in annual terms, compared to a 5.9 percent expansion in a similar period last year. The slowdown in growth [...]After Shutting three Branches in Uganda, Nakumatt To Pay June Salaries in installments
Cash-strapped retailer, Nakumatt Supermarkets has announced plans to pay its employees June salary arrears in three installments spread over three weeks. In a memo to its staff, the company's Managing [...]StanChart CEO Lamin Manjang Re-Elected as Chairman of Kenya Bankers
Members of the Kenya Bankers Association (KBA), the banking industry umbrella body, during the Association's Annual General Meeting re-elected Mr. Lamin Manjang, Regional CEO of Standard Chartered Bank, as the [...]CBK Governor Revokes Licence of Nairobi based Ventures Forex Bureau
The Central Bank of Kenya (CBK) Governor Dr Patrick Njoroge has revoked the licence of Nairobi based Ventures Forex Exchange Bureau Ltd. Ventures Forex Exchange Bureau which operates from Bishop Magua [...]
