CBK Clarifies that its Chair was not paid Sh6M, demands Apology and Retraction from NMG
The Central Bank of Kenya is demanding that The Nation Media Group retract a false story claiming that the regulator had paid its chairman, Mr Mohammed Nyaoga, Sh6 million in allowances without holding a single board [...]
UAP Old Mutual expects Christmas season to spark Interest in Home and Travel Insurance
Financial services provider in East and Central Africa, UAP Old Mutual Group is expecting rekindled interest in home insurance covers ahead of the Christmas season from homeowners who are preventing a holiday disaster. [...]Change of guard at ZEP-RE as new MD takes over
ZEP-RE (PTA Reinsurance Company) has announced the appointment of Mrs. Hope Murera as the new Managing Director with effect from January 1, 2017. Mrs. Murera will replace Mr. Rajni Varia [...]Nation Media Group shares sink to Six year Low of Sh90
Shares of East Africa's largest Media Company, Nation Media Group on Wednesday's trading session plunged to a six year low of Sh90. The Nairobi Securities Exchange listed firm traded 26,800 shares [...]Safaricom may back out of M-Akiba deal over Govt delay
Perhaps we should de-focus a little bit from M-Akiba and focus much more on stocks and shares Bob Collymore Safaricom's partnership deal with Kenyan Government to bring into the market a mobile traded bond [...]Largest shoe manufacturer in Zimbabwe forced to import textile from Kenya
ZIMBABWE’S largest shoe manufacturer, Bata Shoe Company has said that it has been forced to import textile from Kenya as harvests from the local textile sector hit the lowest levels since [...]US based Fund Manager acquires 15pc Stake in Jamii Bora For Sh600M
US based Fund manager Equator Capital Partners LLC has acquired a 15 percent stake in Kenya's Jamii Bora Bank for approximately Sh 600 Million. The deal was done through Equator [...]Central Bank Kenya to resume licensing of new banks
According to Central Bank of Kenya Dr Governor Patrick Njoroge, the regulator will soon begin licensing of new banks after it freezed the exercise in November 2015 on concerns that most local banks were [...]Nairobi leads shopping centre development in Sub-Saharan Africa
According to a recent report by Knight Frank, Nairobi stands out as a major focus for shopping centre development. It is ranked as the largest market by existing shopping centre [...]Kenya Airways says some flights delayed after technicians skip work
Kenya Airways said on Monday it was experiencing some disruptions to its flight schedules after an undisclosed number of technicians failed to show up for work, the latest in a [...]Barclays’ initiative in supporting Emerging Supply Chains
Africa has a lot of potential. But it remains only as potential if we do nothing. The supply chain has possibilities. Vimal Shah during the recently concluded Barclays Africa [...]Kenya is Seeking KES 30 Billion in The Bond Markets
The Kenyan government has turned to the the fixed income market and is seeking KES 30 Billion for budgetary support in through a two year Treasury Bond. Bids will be [...]
