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 [...]Phase Two of M-Akiba Mobile Bond Goes Live, Targets Sh 1 Billion
The Kenyan government has launched the second phase of the mobile traded M-Akiba retail bond targeting Sh 1.0 Billion, with a greenshoe option of a further Sh 3.85 Billion if [...]Safaricom Begins Major Upgrade of M-Pesa To New Platform
Safaricom (NSE: SCOM ) will over the next three weeks conduct a major upgrade of the M-PESA platform. This becomes the third major upgrade since M-PESA’s launch ten years ago, and [...]Kenya Govt Delays First Oil Production Export Citing Inadequate laws
According to Reuters, Kenya has delayed plans to start crude oil production and exports until the government passes an amended law that includes setting out how revenues will be shared [...]Safaricom unveils Sh 100 Million Football challenge
Safaricom in partnership with the Football Kenya Federation has unveiled a Kshs100 million football challenge dubbed ‘CHAPA DIMBA NA SAFARICOM. Registration for the competition which targets boys and girls aged 16 [...]
