Barclays Kenya partners with UnionPay China to provide easy banking
Barclays Bank of Kenya has launched a partnership with China UnionPay, which will allow UnionPay cardholders to transact at Barclays’ ATMs and point-of-sale devices across the country. The cardholders will [...]
Tax Alert on the Finance Act 2016
The Finance Act, 2016 was assented to by the President Uhuru Kenyatta on 13th September 2016 after being passed by the Committee of the Whole House with some amendments made [...]Deacons Kenya Issues Profit Warning, blames delayed launch of Two Rivers!
Clothing and home products retailer Deacons Kenya has issued a profit warning saying it expects earnings for its full-year 2016 to be lower by at least 25% compared to earnings reported [...]Sanlam Kenya Issues Profit Warning for the second year in a row
Investors’ nerves are being tested for the second year in a row after Nairobi Securities Exchange listed financial services group, Sanlam Kenya Group issued a profit warning for the full year [...]Kenya December Inflation Rate Falls to 6.35%
Kenya's inflation rate fell to 6.35 percent year-on-year in December from 6.68 percent recorded in November, the statistics office has announced. Between November and December 2016, Food and Non-Alcoholic Drinks’ Index increased [...]Kenyan Stocks among Franklin Templeton Top Holdings in latest fillings
One of the world's largest asset management firms with over $763.9 billion in assets under management, Franklin Templeton, has released new information about its african fund portfolio being managed by Emerging markets guru [...]KDIC to begin third disbursement of funds to Imperial Bank depositors
Kenya's Central Bank has issued the following statement in regards to Imperial Bank; The Kenya Deposit Insurance Corporation (KDIC) will today, December 28, 2016, commence a third disbursement of funds [...]Kenya Q3 2016 GDP slows to 5.7pct
Kenya's economy grew by 5.7 percent year-on-year in the third quarter of 2016 compared with 6.0 percent growth in the same quarter of 2015, the statistics office said on Friday. The fall was attributed [...]AfDB Increases Stake in Shelter Afrique to 22.7pct with USD8.2M injection
Africa Development Bank (AfDB) on Friday signed an agreement to increase its shareholding in Pan-African housing finance institution Shelter Afrique by USD 8.2 million. The new capital subscription now increases AfDB’s [...]Fitch Affirms Kenya at B+ with Negative Outlook
Fitch Ratings onFriday announced that it affirmed Kenya's long-term issuer default ratings and Local Currency IDRs at B+' with a Negative Outlook. The issue ratings on Kenya's senior unsecured Foreign-Currency bonds [...]Afreximbank says its closing in on setting up regional HQ in Nairobi
According to the Business Daily, Kenya will in a few days sign a deal to pave way for the setting up of a Sh3 billion regional headquarters by the African Export Import [...]Uber confident about future prospects in Kenya despite increasing competition
Uber, the ride hailing service that has been a game-changing addition to the Kenyan economy is set to see its presence expand in the coming year. The firm has expressed [...]
