NCBA Bank has appointed Tirus Mwithiga as the new Group Director Retail Banking as it seeks to strengthen and grow its retail business following regulatory approval. He brings to the Bank 29 years of experience...

Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures at $42.95 per barrel, while U.S. crude futures stood at $40.48 per barrel.

The Dow Jones Industrial Average fell 396.85 points, or 1.51%, to 25,890.18, the S&P 500 lost 34.4 points, or 1.08%, to 3,145.32 and the Nasdaq Composite dropped 89.76 points, or 0.86%, to 10,343.89.

The Derivatives Market had 9 contracts valued at Kes. 253,160 transacted in today’s trading session, this was higher, compared to the  2 contracts valued at Kes 103,000 transacted the previous trading session.

The Capital Markets (Coffee Exchange) Regulations 2020 provide for; incorporation of the coffee exchange; licensing of brokers; establishment and operationalization of a direct settlement system for expedited and transparent payment of coffee sales proceeds.