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 [...]Kenya among 10 markets expected to deliver superior returns in 5 Years, Credit Suisse
Credit Suisse, the Swiss financial services company in its latest frontier research note has picked Kenya among the ten countries that are expected to deliver superior investment growth compared to emerging markets over the [...]Tanzanian listed gold mining company moves to deepen operations in Kenya
Tanzanian listed gold mining company, Acacia Mining has announced that it will likely deepen its operations in Kenya in order to increase its output. The company’s Chief Executive, Brad Gordon said [...]Nairobi Securities Exchange Key index sinks to 7 Year Low
NSE 20 Share, the Kenyan bourse benchmark Index on Monday lost early gains to hit a seven-year low in intraday trading. The Index sank to 3084.48 points last spotted in September 2009. [...]Emerging Financial Technologies in Business Development
In the next few years, if you are an IT professional not doing Cloud, you'll probably be fired Nicholas Nesbitt, Country General Manager, IBM East Africa In a constantly changing [...]Global Credit Ratings downgrades Nakumatt To BB- as debts jump to Sh18B
Global Credit Ratings has downgraded the long term credit rating assigned to East Africa's largest retailer Nakumatt Holdings Limited to BB- citing deterioration in the company's credit risk profile. The agency notes that the business [...]DOB Equity acquires stake in Kenyan Milk Processing firm
DOB Equity, a leading Dutch family run Private Equity fund has announced that it has taken up a stake in Kenya's Countryside Dairy Ltd at a undisclosed value, describing it [...]HF Group Stock plunges to 11 year low after allegations of massive Hidden NPLs
Shares of Kenya's largest Mortgage lender, Housing Finance Group plunged to an 11 year low on Thursday's early trading session after reports that CEO Frank Ireri and senior managers of the [...]Jordan to make Kenya its East Africa trade hub
Jordan has said it will make Kenya its East African trade hub after it signed a raft of agreements to ease exchange of goods and services. The country’s Deputy Prime [...]Kenya Among Top 3 Fastest Growing and most profitable Reinsurance Markets in Africa
Kenya, Nigeria and Morocco are the fastest growing reinsurance markets in Africa driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes. They are [...]
