World Bank lowers 2016 growth projections for Sub-Saharan Africa to 3.3% from 4.4%
Reuters The World Bank on Monday lowered its 2016 sub-Saharan African growth forecast to 3.3 percent from a previous forecast of 4.4 percent in October, citing plunging global commodity prices. [...]
KCB says open to consolidation, no comment on Chase Bank
Reuters KCB Group, Kenya's biggest bank by assets, said on Monday it was open to taking part in consolidation in the banking sector but declined to comment on whether it [...]CMA says securities held By Genghis are in safe custody.
The Capital Markets Authority (CMA) and Central Depository and Settlement Corporation Limited (CDSC) has issued a statement to assure investors that their securities which were held by Genghis Capital are in [...]NSE 20 Share Index Falls as KES strengthens to an 8-Month Record
The Nairobi Securities Exchange began the week with the NSE 20 shedding 1.0% to close at 3,958.57 points compared to 3999.33 points posted on Friday. The NASI declined by 0.6% [...]Kenya's Central Bank to offer financial support to banks facing liquidity pressure
Kenya's Central Bank Governor Dr Patrick Njoroge has on Sunday evening said that CBK will from Monday avail financial support to any bank that faces liquidity challenges not caused by faults of their [...]Largest Sovereign Wealth Fund’s Investment Journey in Kenya
What is a Sovereign Wealth Fund? A Sovereign Wealth Fund (SWF) is a state-owned investment fund or entity that is commonly established from balance of payments surpluses, official foreign currency [...]Chase Bank Receivership is a clean up exercise says President Kenyatta
PSCU President Uhuru Kenyatta has assured Kenyans that there was no reason to worry over the state of the banking sector saying the placing of Dubai, Imperial and now Chase Bank under receivership [...]Chase Bank placed under Receivership
Chase Bank Kenya Ltd was put in receivership on Thursday after it failed to meet its obligations, becoming the third lender in the country in nine months to be placed [...]Genghis Capital Moves In to Calm Investors
Stockbrokerage firm Genghis Capital has moved in to calm the worried investors after its parent company was placed under receivership by the Central Bank Of Kenya.The brokerage firm which held billion [...]Heavy Trading spotted in the Banking sector as the Main Index rises to 4054.29
Market turnover at the Nairobi securities was up by 318.04% to Ksh 590.34 Million(USD 5.83mn) against yesterday's Ksh 141 Million. The NSE 20 Share Index was up 24.29 points (0.60%) to 4054.29. while [...]7 Profitable Business Ideas With Little Investment
Are you tired of your monotonous 9-5 routine? Are you thinking about starting your personal business? If so, we’ve got you. Many of us want to start our own businesses—maybe [...]
CMA gives Longhorn Publishers a go-ahead for 530M rights Issue
Listed Nairobi Securities Exchange Publisher, Longhorn Kenya limited has said that it has received an okay from the Capital Markets Authority to raise Ksh 530 million through rights issue. The firm says [...]
