Done Deal; IM Bank Completes 100% Acquisition of Giro Bank
The Central Bank of Kenya has announced that IM Bank has completed the 100 percent stake acquisition in Giro Commercial Bank effective February 13, 2017. Listed IM Bank is a wholly owned banking subsidiary [...]
Kenyan Regulator approves Listing of the first ETF on NSE
(Press Release) Kenya's Capital Markets Authority (CMA) approved the listing of the first Exchange Traded Fund (ETF) on the Nairobi Securities Exchange (NSE) to be issued by South African firm, NewGold Issuer (RF) Limited. [...]BAT Kenya Finance Director Phillip Lopokoiyit Resigns
British American Tobbacco (BAT) Kenya has announced the resignation of the company's Finance Director Mr Phillip Lopokoiyit with effect from 1st May 2017. Mr Lopokoiyit has communicated his desire to pursue [...]Kenya Power to import Cheaper Reliable Electricity from Ethiopia
Kenya Power has announced plans to start importing cheaper, clean and reliable electricity from Ethiopia saying the move will help it reduce cost of electricity as well as accelerate its goal of connecting over [...]AFDB approves new US$28.2 Million funding injection in Shelter Afrique
The African Development Bank has disbursed an equity investment of US $28.2 million in Shelter Afrique, a Development Finance Institution investing in affordable housing for Africa. On February 14, 2017, [...]Kenyan Banks launch their own digital payment platform
Kenya Bankers Association (KBA), the umbrella body of the banking industry, on Thursday unveiled its own digital payments platform dubbed PesaLink which they hope will challenge Mpesa by significantly reducing the cost of transactions. [...]Central Bank Kenya Website Wins Global Award
Central Bank of Kenya has received Website of the Year Award following an overhaul of its website as the institution celebrated its fiftieth anniversary in 2016. The annual awards which are organized [...]Sanlam Kenya Share Price Up 66% in Two Weeks!!!
Sanlam Kenya Plc stock has gained by more than 27% over the last one week following the company's decision to retract a profit warning statement ahead of the release of its full [...]A Breakdown of the Latest Proposed Gambling Regulations in Kenya
The Kenya Gambling Control Bill 2023, presently under parliamentary scrutiny, is set to revolutionize the gambling industry with comprehensive reforms aimed at enhancing regulation and player protection. The bill was [...]
UN Body partners with NSE to highlight importance of gender equality in business
Global Compact Network Kenya (GCNK), in partnership with the Nairobi Securities Exchange, is seeking to raise awareness on the importance of gender equality to business and sustainable development. The drive [...]Uganda Awards Chinese firm $2.3B contract to build SGR connecting to Kenya
Ugandan Government has awarded a Chinese company by the name China Harbour Engineering Company (CHEC) a $2.3 Billion contract to build the section of the railway track connecting its capital city of Kampala [...]EAVCA Appoints New Management
East Africa Private Equity and Venture Capital Association (EAVCA) has announced the appointment of Eva Warigia and Esther Ndeti as the Co-Executive Directors to assist the association’s outreach in advocacy, intelligence, networking and [...]
