President Kenyatta Nominates five CBK Board Members
Kenya's President Uhuru Kenyatta has nominated five members to the Central Bank of Kenya Board and their names have been tabled before the National Assembly for vetting. The five members consist of three women [...]
Barclays Bank sells Egypt Operations for $500M
Barclays Bank PLC has agreed to sell its banking business in Egypt to the Moroccan Attijariwafa Bank for $500 Million. The sales finalisation is subject to regulatory approvals, and is [...]Tourism recovery lifts Kenyan Economy to a Three Year High
According to the Kenya National Bureau of Statistics, Kenyan economy grew by 6.2% in the second quarter of 2016 compared to a growth 5.9% in the same period in 2015. This marked the highest growth since third quarter [...]Kenya Jumps up 3 places to 96th in 2016 Most competitive nations
Kenya has moved up three places to position 96th in the 2016 Global Competitiveness Index (GCI) Report, published by the World Economic Forum (WEF). The GCI report is an annual assessment of the [...]KCB-Mpesa Loan Services restored but with higher interest rates
Kenya Commercial Bank has said that lending services on its popular KCB Mpesa platform have been restored after a one week of unavailability due to a technical hitch caused by a sudden [...]Five Kenyan companies shortlisted for 2016 African FinTech Awards
Five Kenyan companies have been shortlisted for recognition as one of the African FinTech Top three within their respective categories, derived from the list of 100 most promising African FinTech [...]Large Banks better placed to adapt to interest rate capping
According to a new research by Britam Asset Managers, Kenya's large banks are well placed to adjust to the new law aimed at capping bank lending rates. Britam argues that the recently [...]Kenya Airways in talks with 3-4 foreign investors and airlines on stake sale
By Duncan Miriri Kenya Airways is talking to about three or four foreign institutional investors and airlines about buying a stake to raise cash for the lossmaking carrier, its chief [...]US Based Solar Energy Firm extends its work in Kenya
Atlanta, GA— US Based solar energy solutions company Renewvia Energy' has announced that it will be conducting a feasibility study for the development of solar microgrids in key geographies in Kenya funded by [...]Equity Bank customers using PayPal to withdraw funds within 3 days
Equity Bank Kenya has partnered with online payment service, Paypal to allow customers to withdraw funds from their PayPal account within three business days reducing it from the previous eight business days. [...]Tatu City Developer contributes $1 Million to support YALI Project
On the margins of the UN General Assembly, Tatu City developer, Rendeavour pledged to contribute $1 million to the YALI project in order to support President Barrack Obama’s efforts to promote [...]Equity Bank reduces interest rates to 14%
Equity Bank Kenya says it has revised interest rates charged on all its local credit facilities to reflect the new Central Bank Rate(CBR) of 10% which was passed last week [...]
