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% [...]Craft Silicon’s Little' Launches in Kisumu Its Environs
Craft Silicon has announced that taxi hailing service, Little Powered by Safaricom is now available in Kisumu and the surrounding Towns. The launch comes eleven months since the hailing service [...]Central Bank of Kenya (CBK) Launches 2nd Internship Program
The Central Bank of Kenya (CBK) has launched its internship program once again, specifically targeting Kenyan youths between the age of 21 to 29. The second batch involves the recruitment [...]We're Not Aware of KCB's Intention to Acquire NBK CMA
Kenya's Capital Markets Regulator (CMA) has clarified that it has not received any formal application from KCB Group on its intention to acquire National Bank of Kenya. In a notice [...]Court Extends Imperial Bank Receivership By Another 90 Days
Kenya's High Court has granted a 90-day extension of the Receivership over Imperial Bank Limited (In Receivership) (IBLR). This follows an agreement between the shareholders, Kenya Deposit Insurance Corporation (KDIC) [...]Broke Nakumatt Fails to Pay May Salaries, Shuts Down Warehouse
Last month, Nakumatt Supermarket quietly sent more than 100 of its employees on forced leave and delayed salaries of more than 1500 employees. The delay in salaries is due to cashflow [...]Safaricom Announces New Brand Identity Dubbed #Twaweza
Safaricom Limited (Stock; SCOM), Kenya's largest company has announced the repositioning of the Safaricom brand from a telecommunications brand to a digital lifestyle enabler through a new brand campaign titled [...]KDCI Declares 1st Dividend to Depositors Creditors of Collapsed Dubai Bank
The Kenya Deposit Insurance Corporation (KDCI) has announced plans to declare a first dividend to all depositors and creditors of collapsed Dubai Bank Kenya Limited. Through an advert in the local [...]Nairobi Ranked World's Cheapest City for Construction
A new survey from Global programme management and construction consultancy firm Turner Townsend has revealed that Nairobi is the world’s cheapest city for construction, despite the high cost of land. The [...]
