Weekly Market Wrap-up (June 19 23)
Activity slowed from last week (week ending 23 June 2017) with 170.5 million shares traded with a total turnover of Kshs. 4.7 billion. The NSE 20 edged up to 3623.83 [...]
Malaysian Video On Demand Platform Iflix Launches in Kenya, Others
Iflix A Malaysian video on demand (VoD) subscription service focused on emerging markets has announced the launch of its services in a number of African countries including; Nigeria, Ghana, Kenya, Egypt, Sudan, Tanzania [...]Kenya Becomes 15th Member of Africa Finance Corporation
Kenya is the latest country to become a member of Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer. Kenya is AFC’s 15th member and [...]Privately Run Nakumatt Requests Government Bailout
Kenyan privately owned retail chain, Nakumatt Holdings is seeking a tax-payer bailout to boost its capital base, but the government has not responded to the request. Nakumatt, which is currently facing serious [...]Central Bank of Kenya Okays Mayfair Bank to Start Operations
The Central Bank of Kenya (CBK) announces the granting of a licence to Mayfair Bank Limited to conduct banking business in Kenya. The license has been granted pursuant to Sections [...]Central Bank of India Shuts Down Nairobi Rep office
Central Bank of India, one of the oldest and largest commercial banks in India has closed down its representative office in Kenya. The Mumbai based bank says this is a strategic [...]NMG Unveils 2016 Annual Report with ‘Augmented Reality’
Nation Media Group (NMG), has launched its latest Annual Report in a creative way, enclosed with interactive Augmented Reality (AR) technology, the first of its kind in the region. The [...]IM Bank Sets Up Desk targeting German Companies In East Africa
(Press Release) Banking solutions provider, IM Bank has secured a crucial deal to provide strategic services to German private sector companies who have established their operations in the East Africa [...]Kenya's Loan Comparison Website Launched to Enlighten Consumer Credit Market
The Central Bank of Kenya (CBK) and the Kenya Bankers Association (KBA) have launched Cost of Credit website to offer consumers greater choice from a range of loan and credit [...]Sanlam: Kenya and regional economies To rebound after Elections
Sanlam Group Investment Economist, Mr Arthur Kamp has noted that the Kenyan and regional economies are exhibiting resilience ahead of the general elections with clear signs of a swift take [...]Kenya's Sh 30 Bln Re-Opened Bond 30% Oversubscribed, Sh 26.4Bln Accepted
The Central Bank of Kenya has released the results of the recently re-opened 15 Year bond which was worth Sh 30 Billion. The issue was oversubscribed by 30 per cent [...]Air transport supports 620,000 jobs, contributes US$3.2bn in GDP for Kenya
The International Air Transport Association (IATA) released new data showing that the air transport sector in Kenya supports some 620,000 jobs including tourism-related employment, while contributing US$3.2 billion or 5.1% [...]
