Banks pledge to cut lending rates ahead of President Kenyatta's Decision on Rate Cap
President Uhuru Kenyatta is this week expected to make a decision in regards to the bill presented to him by Members of parliament aimed at regulating banks' lending rates. However, the Banking [...]
Live Feed; Central Bank Kenya Governor and Bank CEOs Briefing
The Central Bank together with the CEOs of all Commercial Banks operating in Kenya held an unusual press briefing in regards to the Bill by Members Of Parliament which is aimed [...]HF Group HY2016 Net Profits up 27 Per Cent to KES 613Mn
Housing Finance Group has reported a 27% increase in profits for the half year of 2016 driven by rise in interest income from its banking unit and income from housing projects by [...]President Kenyatta to make decision on Bill to Cap Interest Rates this week
President Uhuru Kenyatta will this week make a decision regarding the Banking (Amendment) Bill, 2015 which intends to regulate interest rates that are applicable to banks’ loans and deposits. “In regard to [...]World Bank signs KES 38 Billion for Nairobi's elevated Highway
According to Kenya's Transport Cabinet Secretary Mr James Macharia, the World Bank has signed a KES 38 Billion financing deal that will see the construction of Kenya's first elevated highway connecting [...]A Brief on How to Short Sell derivatives on the NSE once its launched
For those investors who would like to know the interwoven world of short selling, here is a transcript of one very renowned shortseller, Manuel Asensio. The Nairobi Securities Exchange will [...]Homes and Businesses can save energy costs significantly while using Solar Power
As electricity costs continue to rise, solar energy from sunlight is regarded as the cleanest and most abundant source of renewable energy and remains consistently free. Families and businesses across Kenya and [...]Africa now has more than half a billion unique mobile subscribers
According to Mobile Economy report Africa by GSMA, more than half a billion people across Africa are now subscribed to mobile services,making Africa the second-largest though the least penetrated mobile market in the world. [...]Kenya Airways Passenger numbers In West Africa up 28% as at June 2016
National carrier Kenya Airways has recorded a 28 percent rise in passenger numbers in West Africa to 85,079 in the period ended June 2016. In Central Africa there was a 20% increase of passengers [...]CfC Stanbic Kenya shareholders approve name change
CfC Stanbic Holdings shareholders on Friday approved the name change from CfC Stanbic to Stanbic at an Extraordinary General Meeting held in Nairobi. The shareholders unanimously voted in favour of the [...]Central Bank says commercial banks should lower rates urgently
Reuters; Kenya's commercial banks should swiftly lower their lending rates and take steps to regain the confidence of their customers, the central bank said on Friday. Kenya's parliament has passed changes [...]What’s the future of Kenyan gambling industry?
Multiple African countries are experiencing booming betting and online casino markets. Kenya is one of them. A country that has a lot of enthusiasm for sports, Kenya has embraced the [...]
