NSE 20 Share Index Crosses 3000 Mark for First Time in March 2017
Nairobi Securities Exchange Benchmark NSE 20 Share Index on Tuesday's trading gained by 17.20 points to close the day at 3,007.90 points, highest level since the 28th February this year. The index [...]
Diamond Trust Bank posts a 17.1% increase in Profits After Tax in 2016
Nairobi Securities Exchange listed bank, Diamond Trust Bank recently released it's full year results for the financial period ending 31 December 2016. Here is a brief analysis of the same: [...]MA action shifts from West to East Africa, CC Report
Despite market deal volumes for Africa's Mergers and Acquisitions being down by nearly a third, international law firm Clifford Chance saw an increase in MA instructions in Africa in the same [...]Diamond Trust Bank (DTB) Kenya To Acquire Habib Bank Of Kenya
Nairobi Securities Exchange listed Diamond Trust Bank Kenya Limited (“DTB”), Kenya's sixth largest lender has announced that it has entered into an agreement to acquire Habib Bank Kenya Limited, which is ranked [...]CBK Governor Patrick Njoroge sees Chase Bank's receivership over soon
Kenya's central bank expects to lift Chase Bank out of receivership soon by bringing in new shareholders, the governor of the central bank, Patrick Njoroge, said. The mid-sized lender was [...]M-Akiba Retail Bond To Be Finally Launched, Targets Sh 150M in Pilot Phase
The Kenyan Government will finally launch the M-Akiba Mobile retail bond on Thursday 23rd March nearly two years after postponing the project several times. Sale of the tax free mobile infrastructure [...]Kenya signs Sh160 billion in Three syndicated loans, Sh 82Bn Disbursed
Kenya has borrowed $800 million in a syndicated loan from four international commercial lenders, part of a package totalling $1.55 billion. (Sh 159.65 Billion.) The $800 million (Sh 82.4 Billion) was [...]KenolKobil to open atleast 30 new service stations in 2017
Nairobi Securities exchange listed downstream oil marketer KenolKobil will open not less than 30 new service stations this year to boost sales volumes, its CEO David Ohana has told Reuters. The company was one of [...]Nairobi Among Leading Global Destinations On The Fortune 500 List
According to a new report released by Infomineo, Nairobi has become increasingly important for the majority of global Fortune 500 companies. The report, which focuses on multinationals looking at entering, or [...]Barclays Bank Kenya Launches marine insurance
Barclays Bank of Kenya has launched a marine insurance program which will cover the risk of loss of goods while on transit from overseas. The scheme which will be offered [...]Kenya Markets Regulator Signs Up 70 companies for Listing Incubator
In its drive to increase listings on the Nairobi Securities Exchange (NSE), Kenya's Capital Markets Authority (CMA) says it has signed up 70 potential issuers for the Business Incubator and Accelerator on [...]AfDB Offers Kenya Govt $2M grant To Boost Construction of Lamu Port Project
The African Development Bank (AfDB) has extended a US$ 2 Million grant to the Kenyan government that will help in the construction of the proposed Lamu port project. The Bank said the grant [...]
