HF Group Q1 2016 net profit up by 48% to Ksh 327M
Nairobi Securities Exchange listed Mortgage Finance provider Housing Finance(HF) Group, on Monday reported a 48% growth in its Quarter one 2016 after-tax profit driven by higher interest income. The bank's net profit was at [...]
Equatorial Bank Kenya to launch Agency Banking
Equatorial Commercial Bank (ECB) is set to launch agency banking in partnership with its majority (75%) shareholder Mwalimu National Savings and Credit Society which last week injected Ksh 750 Million. [...]Soros, Buffet Bloomberg Expected in Kenya!
Top US investors and celebrities are expected to be in Kenya by April 30th to attend a global summit that seeks to champion against illegal trade in wildlife. The conference is part of a [...]Kenya Power awards Toshiba Ksh 3.4B Transformer supply contract
Kenya Power Lightening Company has awarded Toshiba Transmission Distribution Systems a three year Ksh 3.4Billion contract starting June to supply 8000 transformers in Kenya. Toshiba emerged the winner among the 40 bidders [...]NSE 20 Share Index soars above 4000, Focus on Safaricom More..
The Kenyan Wallstreet Weekly Market Report After declining for three Weeks in a row, Nairobi Securities Benchmark index(NSE 20) gained 90.82 points (+2.32%) on Friday to stand at 4010.82 points. Nairobi All Share [...]Paul Muthaura Confirmed as CMA CEO
In a gazette notice published on Friday, Kenya's National Treasury Cabinet Secretary Henry Rotich has after four years confirmed Mr Paul Muthaura as the CEO of Capital Markets Authority Kenya, to serve for [...]Family Bank to raise Ksh 4Billion, New CEO Picked
The shareholders of Kenya's Family on Friday approved a cash call targeting to raise Ksh 4 billion($40 million) in June to fund its expansion plans across East Africa. The bank says they are in talks [...]The Weekly Economist Magazine (16-22 April)
The Weekly Economist Magazine INSIDE: A 14-PAGE SPECIAL REPORT ON BUSINESS IN AFRICA The_Economist_-_April_16_2016 (4).pdfKBA Vows to fight unethical behaviour in the Banking sector
KBA The banking industry body representing all registered banks in Kenya, Kenya Bankers Association (KBA) on Thursday signed on to the “Code of Ethics for Business in Kenya”, and announced plans to [...]CMA Officially Launches International Certification for the Capital Markets Industry
Press Release by Capital Markets Authority Kenya As part of its drive to enhance the positioning of Kenya as a premier investment destination, the Capital Markets Authority (CMA) has launched international [...]Family Bank receives Ksh 3.4B from EIB to boost SME Loan Book
The European Investment Bank has approved a credit facility worth Ksh 3.4 Billion to Kenya's Family Bank to boost its lending to small and mid-sized enterprises. This is the second tranche [...]NSE Kenya attains full membership of Association of Futures Markets
The Nairobi Securities Exchange (NSE) has been admitted as a full member of the Association of Futures Markets (AFM) an upgrade from an associate membership attained in February 2013. The [...]
