Kenya 91-day T-bill yield rises to 9.946%
The weighted average yield on Kenya's 91-day Treasury bill rose to 9.946 percent at an oversubscribed auction on Thursday from 9.667 percent last week, the central bank said. The bank [...]
Balala slashes landing fees for chartered planes
Kenya's Ministry of Tourism ministry has reduced the cost of travel to Mombasa and Malindi for tourists as part of a strategy to revive the ailing tourism sector. Newly appointed CS [...]Market Report 17/12/2015
Market Report 17/12/2015 The benchmark NSE-20 Share Index was down 6.44 points, or 0.16 percent, to close at 4,005.22 points. The All Share Index (NASI) was down 0.77 points to [...]KQ Marketing Director Chris Diaz appointed Brand Africa Trustee
KENYA Airways’ marketing director Mr Chris Diaz has been appointed as a trustee of Pan-African marketing body- Brand Africa. Diaz's appointment comes bearly two months after he was reappointed by President Uhuru [...]CBK's 182-day T-bill yield rises, 364-day Falls
The weighted average yield on Kenya's 182-day Treasury bills rose to 11.717 percent at an auction on Wednesday from 11.099 percent last week, the central bank said. The yield on [...]Barclays plc might Sell Kenyan Subsidiary
Barclays Bank Kenya could be sold by its London-based parent Barclays Plc, which is considering selling some or all of its subsidiaries in Africa. The proposed divestitures are being pushed [...]Daily Market Report 16/12/2015
All three indices were up again today with the NSE-20 increasing by 24.09 points to close at 4,011.66; marginally above the 4,000pts. The NSE-25 Index and NASI similarly rose by 32.15pts [...]High Court Upholds Bid to Keep Bitcoin Startup Off M-Pesa
High Court Judge,Mr Onguto has ruled that M-Pesa operator Safaricom will not be required to grant access to bitcoin startup BitPesa amid an ongoing legal dispute. The move comes after [...]Equity Bank Chairman In a Land Tussle with Delmonte
Equity Bank chairman Mr Peter Munga and fruit juice processor Del Monte Kenya are fighting over the ownership of 75 acres of land in which Mr Munga was planning to build a [...]CBK extends sale of 9-year infrastructure bond worth Ksh 16 Billion
Central Bank of Kenya on Tuesday invited bids for a nine-year armotized infrastructure bond worth up to Ksh 16 Billion shillings through a tap sale. The bond which will have an [...]Barclays Bank to fund women bidding for 30% GOK Tenders
Barclays Bank plans a new financing package for women entrepreneurs that will not require collateral for loans when bidding for government tenders.Barclays Bank Kenya CEO Mr Jeremy Awori said the bank [...]NIC Bank Obtains Ksh 5.6 Billion loan from EIB
European Investment Bank has given Kenya's NIC Bank Ksh 5.6 Billion loan to fund its loan book extension and lend small- and medium-sized enterprises.(SME's) This is EIB's second deal in [...]
