PayPal System upgrade boosts Equity Bank Diaspora Revenue
Revenues from online payment platform PayPal, now account for close to 70 per cent of all Equity Bank Diaspora Banking revenue. This is as a result of an increase in [...]
Vodacom Acquires Vodafone PLC's 35% Stake In Safaricom
Vodafone PLC has transferred its 35 percent stake in Safaricom to its South African unit; Vodacom Group Ltd, a deal valued at approximately Sh 266 billion. Vodacom S.A is 65 percent owned by Vodafone [...]Productivity killer: The increasing costs of congestion in Nairobi
Nairobi is a prime example of the difficulties of congestion facing fast-growing African cities, where traffic has become one of the biggest issues in terms of productivity. Kenya's economy is one [...]Kenya set to gain from China’s Sh15 trillion budget for Silk Road
BEIJING, 14 MAY 2017, (PSCU) — Kenya expects to get significant funding from China for major infrastructure projects which are part of the Silk Road Economic Belt and the 21st [...]Huawei Signs Agreement With Kenya To Supply Security Equipment
Chinese tech group Huawei Technologies has signed an agreement to supply security equipment which will enable Police in Nakuru, Kisumu and Eldoret to be equipped with modern radio communication systems [...]CBK Monetary Policy Committee To Meet on May 29th
Central Bank of Kenya’s (CBK) policy-making committee will meet next on Monday 29th May to determine the benchmark interest rates for the next two months. In their last meeting on March [...]Nairobi Securities Exchange Suspends Trading Of Atlas Shares After CMA Order
The Nairobi Securities Exchange (NSE) has suspended trading in the shares of Atlas African Industries Ltd (Atlas) after the company failed to appoint another Nominated Advisor (Nomad) within 30 days following the [...]Deacons Sacks Half Its Senior Management Team
Nairobi Securities Exchange listed fashion retailer, Deacons (NSE; DCON) has sacked five of its twelve most senior management team a week after announcing plans to shut down undisclosed number of “unprofitable stores” by [...]Air India To Resume Nairobi Route After Seven Year Absence
Air India has announced it will in the course of this year resume its flight operations to Nairobi seven years after it withdrew from the market. The airlines's chairman Ashwani Lohani said they [...]SBM Holdings Completes Acquisition of Fidelity Bank Kenya
The Central Bank of Kenya (CBK) has announced the completion of the acquisition of a majority stake in Fidelity Commercial Bank Limited (FCB) by SBM Africa Holdings Limited (SBM Africa), [...]DOB Equity, IFC CDC Team Up to invest in transforming Kenya’s warehouse industry
DOB Equity, a leading Dutch family office, will invest up to US$4 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya, to [...]KCB Group Posts Slight Drop in Q1 2017 Earnings, Asset Base Hits Sh 600B
Kenya's largest bank by assets, KCB Group has reported a slight drop in its net profit for the first three months of 2017. Net profit came in at Sh 4.54 [...]
