Kenya's middle Class growing but small Percentage of the population Moody's
According to Moody's survey, Kenya comprised of 400 thousand middle class and lower middle class both of which were at 4% in 2014, but as per their forecast, by 2030 [...]
Nairobi’s prime residential rents decline by 2.9% in Q1 2016 Knight Frank
A mixture of rising supply and falling demand resulted in a decline in prime residential rents in the first three months of the year, this is according to the Knight [...]Kenya's Capital Markets Regulator drafts rules to guide online Forex Trading
The Capital Markets Authority of Kenya has drafted rules aimed at regulating the online forex trading activities undertaken by individuals/companies in the country. In a notice on the local dailies, the authority [...]CMA Kenya launches anonymous portal to report malpractices in the markets
Kenya's Capital Markets Authority (CMA) has launched an anonymous reporting portal to enable whistle blowers to report malpractices in the capital markets. The portal will be accessed through the Authority’s website, will [...]Fusion's DREIT Offer extended by 10 days
Fusion Capital, the issuer of Kenya's first development real estate investment trust, has extended the investment window of the DREIT by 10 days from the 16th July to 26th of the [...]Africa's largest bank to finance Centum's Ksh 200B Amu Power
Standard Bank – Africa’s largest bank by assets together with Industrial Commercial Bank of China Ltd (ICBC) will finance a KSh200 billion($2Bn) towards Centum's Amu Coal Power plant based in Lamu-Kenya, [...]Spire Bank to focus on digital Banking, opens door for startups
In a bid to provide customers with a more personal and flexible banking solutions, Kenya's Equatorial Commercial Bank recently rebranded to become Spire Bank of Kenya. This is after Mwalimu Teachers Sacco acquired a [...]BAT Kenya HY 2016 Results: Finance Costs Cut, Pre Tax Profits Surge by 11%
Profile British American Tobacco Kenya Ltd is a Kenya-based company. The Company is engaged in the manufacture and sale of cigarettes and tobacco. The Company manufactures and sells cigarettes to [...]Auction Results; Yields on Kenya's 91 Day 182 Day rise, 364 Day Dips
91 Day Treasury bills The weighted average yield on Kenya's 91-day Treasury bill rose to 7.649 percent at auction on Thursday from 7.027 percent last week, the central bank said. The [...]Kenya; Retail prices of petrol Up by 8%
Kenyan consumers will pay more for fuel after the Energy Regulatory Commission raised retail prices during its monthly review on Thursday. The regulator raised the maximum retail price of petrol [...]CfC Stanbic becomes the first Bank in Kenya to avail the Chinese currency-Yuan
CfC Stanbic bank has become the first bank in Kenya to avail the Chinese currency the yuan at its branches to facilitate trade between Kenya and China. The first transaction [...]Kenya Airways receives Ksh 10B soft loan from Govt ahead of results release
Kenya Airways has received a soft loan of Ksh 10 billion from the Kenyan Government through the Ministry of Treasury to enable the airline accomplish the ongoing turnaround strategy. Part of the cash will be [...]
