Ghana Charges Top Banking Executives For Banking Crimes
Ghana is charging former executives of two insolvent banks for alleged crimes that contributed to the country's banking crisis. Former Beige Bank Ltd CEO Michael Nyinaku and UT Bank Founder [...]
Treasury Seeks KSh 50 billion From Local Investors
Treasury has aggressively entered the local market, seeking KSh50 billion to settle commercial debts that are soon maturing. Analysts maintain that the 10-year and 5-year bonds will be oversubscribed. “While [...]
U.S. and China Trade War Ends with New deal
The U.S. and China have signed the first phase of a broader trade pact amid persistent questions over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing [...]Longhorn Appoints Michael Mwaura as CFO
Longhorn publishers appointed Mr Michael Mwaura as the Chief Finance and Operations Officer, with effect from 1st January 2020. Mr Mwaura previously worked with PriceWaterhouseCoopers (PwC) in Kenya, Tanzania and [...]Sasini Trims Workforce, Cites Increased Wage Claims
Sasini Group has slashed its workforce by 240 workers citing an increase in wage claims that have sunk the firm deep into loss and debt. The firm recorded a net [...]One-Year Treasury Bills Oversubscribed
LISTEN TO ARTICLE Investors have oversubscribed to the one-year treasury bills issued by Central Bank, with CBK receiving bids totaling to KSh39.77 billion. This, therefore, saw CBK to take KSh36.8 [...]Acorn Green Bond Starts Trading on NSE
LISTEN TO ARTICLE Acorn Holdings has listed by introduction its Ksh4.3B green bond on the Nairobi Securities Exchange becoming the first green bond to list in East and Central Africa. [...]
Activity ups at NSE as holiday season ends
Investors, who had taken a break for end-year festivities, are slowing trooping back to the bourse. Many are already taking positions as the end of year earnings season when firms [...]Mombasa Tea Auction Reopens for 2020
The weekly Mombasa tea auction has reopened for 2020, amid increasing demand for the commodity. During the first auction of 2020 conducted on 6th and 7th January, over 158,000 packages [...]Kenya's Economy to Grow at 6% World Bank
The World Bank expects Kenya's economy to grow by 6% in the year 2020, up from 2019's estimated growth of 5.9%. This is thanks to accommodative monetary policy, such as [...]Nurucoin Scam Mastermind Isaac Muthui Sought by Regulator
Investigators attached to Capital Market Authority (CMA) are investigating a Ksh2.7B Nurucoin Isaac Muthui fraud case that defrauded 11,000 investors. According to the Standard, the regulator accuses Nurucoin director Isaac [...]NSE Turnover Dips Due to System Failure
The Nairobi Securities Exchange (NSE) and the Central Depository and Settlement Corporation (CDSC) platforms suffered a breakdown in their link when the markets opened on Wednesday. While normal trading resumed [...]
