Stanbic Bank lowers Kenyan 2017 economic growth to 5.4%
Stanbic Bank on Monday released its review of 2016 and outlook for 2017 forecasting that Kenya’s GDP growth in 2017 would only expand by 5.4% compared to previous estimate of 5.8%. According to the [...]
Savannah Cement successfully completes scheduled plant upgrade
Kenyan cement manufacturer Savannah Cement has said that it has resumed full-scale operations following a major plant overhaul closure over the festive season. The firm, which has traditionally undertaken its annual [...]The Superinvestors of Graham Doddsville Buffett's 1984 speech
In May 1984 while giving a speech at Columbia Business School, later adapted into an essay, Buffett introduced what he called, The Superinvestors of Graham-and-Doddsville. Its a lengthy article explaining Graham's [...]StanChart Sees a mixed picture of Kenyan economy in 2017
Research by Standard Chartered paints a mixed picture of Kenya’s economy. While business sentiment in the country improved over the past month, forward-looking indicators suggest a slowdown may be on [...]Nairobi Ranked Third Among Top 10 Best Cities To Visit In 2017
Travel guidebook and reference publisher, Rough Guides has ranked Nairobi third and the only African City among the top best cities to visit in 2017. According to the publication, Nairobi is Africa’s [...]Yields on Kenya's 182-day, 364-day T-bills fall at auction
This week, Kenya's Central Bank offered 182 day and 364 day Treasury Bills amounting to Ksh 12 Billion. The total Number of bids received for the 182 day Day T-Bill was [...]Kenya Power appoints Ken Tarus as acting CEO, KenGen Re-Appoints Mugo
Kenya Power and Lightening Company has announced the appointment of Kenneth Tarus as acting CEO to replace Dr Ben Chumo(above) who has exited after serving for 3 years at the helm of [...]CBA Group to operate in Rwanda as a Micro-finance Institution
Rwanda's Central Bank has announced that it is in the final stages of licensing a Kenya's Commercial Bank of Africa (CBA) to operate in the country as a micro-finance institution. CBA [...]Sasini Hires Former First Assurance Boss as its New MD
Listed agricultural company, Sasini Kenya Ltd has appointed Mr Stephen Maina Githiga as the company's new Managing Director effective 1st January 2017. Mr Stephen replaces Mr Moses Changwony who resigned [...]Kenya’s 2016 Market Report
The market can remain irrational longer than you can remain solvent. – John Maynard Keynes We have come to the very end of a painful year in the markets. Most [...]World Bank To Acquire 10.37pc Stake in Britam For Sh3.5 Billion
International Finance Corporation (IFC) a member of the World Bank Group has announced plans to acquire a 10.37 percent stake in diversified financial services group Britam for Sh3.5 billion. According [...]Cytonn Results for the 10 Month Period ended Oct 2016
Kenyan based Real Estate firm, Cytonn Investments has made public its Unaudited financials for the 10 month period ended 31st October 2016. Income without fair value gain and other income is [...]
