Kenya Airways expands codeshare agreement with India’s 2nd Largest airline
Kenya Airways has announced that it has entered into a code-sharing agreement with India's second largest airline, Jet Airways to allow the local carrier to fly more passengers into some key Indian cities. In [...]
Centum's HY17 Profit After Tax up by 7.9% to Ksh 2 Billion
Kenyan listed Investment Company, Centum, in its latest half year results for the period ending 30 September 2016 recorded a slight increase in group investment income by 1.3% from Ksh [...]Moody's downgrades Shelter Afrique rating, cites further downgrade
Credit rating agency Moody's last week downgraded the long-term issuer rating of Shelter Afrique to Ba3 from Ba1, and noted it could further downgrade the rating if the Ponzi scheme allegations against the [...]National Bank Kenya appoints four to its management team
National Bank of Kenya has announced the appointment of four executives to its management team including three who held senior roles at Kenya Commercial Bank (KCB) and one from East African Breweries [...]Securities Africa Group sets up Kenyan subsidiary
Source; Business Daily Stock broking and financial services firm, Securities Africa Group, has launched a Kenyan subsidiary after it was granted licence by Kenya's Capital Markets Authority (CMA) and admitted as a trading [...]Kenya Govt to merge CDSC and CBK depositories
According to the Permanent Secretary for the Ministry of Treasury Dr Kamau Thuge, the government has commissioned a study on a potential merger of Central Depository Settlement Corporation and [...]Equity Bank to process corporate and SME loans Via Equitel
Kenya's Equity Bank has announced plans to start processing loans for its corporate and Small and medium-sized enterprises (SMEs) through its Equitel mobile and other digital platforms. The Bank says that its [...]KCB Group Q3 Net Profit Grows 15% to KSh 15.9Bn
Kenya Commercial Bank (KCB Group) has reported a 15% growth net profit to Ksh 15.9 billion in the nine months to September 2016 supported by a 27% increase in net interest income to [...]Kenya's Q3 earnings from horticulture exports up 20% to Sh 78Bn
Kenya's earnings from horticulture exports rose 20 percent to 77.81 billion shillings ($766 million) in the first nine months of this year from a year earlier, the country's statistics office [...]Nation Media Group has shed Sh 46Bn in Market Cap since 2014
Since the beginning of 2014, shares of East Africa's largest Media company have tanked by 73% from the highs of Sh 345 to trade at a six year low of Sh [...]First Community Bank Kenya to Lay Off Undisclosed Number of Employees
One of Kenya's largest Islamic lenders, First Community Bank on Friday 4th November began notifying its employees that it will in the next two weeks lay off part of its staff citing [...]IMF warns that rate Cap Bill will adversely affect Kenya's economy
Between October 19 to November 3, 2016, a team from the International Monetary Fund (IMF) visited Kenya to review and conduct discussions in regards to a two year US$1.5 billion stand-by [...]
