Business News

Our market does not expect the stimulus similar to the US and Europe with Trillions of dollars poured out to the economy but something promising from the government will definitely push the...

That brings the total easing since November to 200 basis points, with the rate now the lowest since September 2011

CDSC will test its its proposed screen-based Securities Lending and Borrowing (SLB) platform for a period of five months on CMA's regulatory sandbox.

Absa Bank Kenya will cease to transact as an authorized foreign exchange dealer in the Kenyan market from Thursday, April 9, 2020, to Wednesday, April 15, 2020

Fitch expects Kenya's general government debt to continue rising through FY22 to reach about 70% of GDP. This is higher than our pre-coronavirus forecasts, which saw debt peaking at 65% of GDP....

In making this decision, the CBK Board also noted the ongoing critical efforts to stem the spread of the Coronavirus (COVID-19), and the strain this has put on the Government’s resources.

For instance, in 2019, Kenya's petroleum product imports amounted to USD 3,310 million and the average price of our benchmark oil product was USD 66.5 per barrel. The benchmark price has now...

Qatar Airways on Wednesday announced that it is in talks to buy a 49% controlling stake in emerging East Africa's airliner, RwandAir. The Group also announced it's interest in doubling its holding...

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Analysts at SBG Securities have issued a buy recommendation on listed telecommunications firm Safaricom Plc at the current price levels of Kes 33.00. SBG becomes the first investment bank in the country...

Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100 billion shillings ($991.57 million), nearly half of its required external funding this fiscal year,...

Kenya's Giant retailer Nakumatt Holdings Limited is due to completely shut down after the company's creditors have today given the green light for its liquidation. Earlier this week, creditors of the firm...

The 'B+' rating reflects Kenya's high public and external debt levels and the uncertain pace of fiscal adjustment balanced against a strong and stable growth outlook. Kenya's public finances are a rating...

African Women Investors (AWI), a network for women in the diaspora and African countries will be holding its second annual investment summit on the 13th of December, 2019 at Radisson Blue, Hotel...

Safaricom (NSE: SCOM) and the Postal Corporation of Kenya have today announced a partnership around the M-Post service, with a goal of rolling out digital Post Office Boxes to more than 5 million...

Kenya's Central Bank has today announced the reduction of the benchmark lending rate (CBR) to 8.5% from the previous 9.0% for the first time since July 2018. The bank took note that...

The International Monetary Fund (IMF) has issued a report of the recent visit to Kenya. Led by Benedict Clements, the IMF team visited Kenya from November 18th - 22nd, 2019, to discuss...

The capital Markets Authority has granted Stanbic Africa Holdings Limited an extension period to buy more shares of Stanbic Kenya Holdings Plc on the Nairobi Securities Exchange. Stanbic Africa Holdings Limited (SAHL)...

Equity Group Holdings Plc has announced that it entered talks with Belgian entrepreneur, George Arthur Forrest and his family to acquire majority stake totaling to 66.5% Banque commerciale du Congo (BCDC) for...

Former KCB Group Plc chief executive Martin Oduor-Otieno has been appointed the group chairman of East African Breweries Plc. Oduor-Otieno who has been a non-executive director at the board of the company since...

The Nairobi Securities Exchange has today issued an official statement indicating that Mumias Sugar Company shares have officially been suspended from trading at the Exchange for the next three months. Yesterday, trading...