09/16/2020
Thus, the burden of proving that the crypto assets proposed to be offered are not securities and therefore not under the jurisdiction of the SEC, is placed on the issuer or sponsor of the said assets," it said.
09/16/2020
Kenya Bankers Association CEO Dr. Habil Olaka and Huawei Kenya Chief Executive Officer Mr. Will Meng during the signing a memorandum of understanding. Under the agreement, the two organizations will organize financial ICT-related activities.
09/15/2020
This helped boost net trading income to Sh10 billion from Sh4.2 billion in 2018.
09/15/2020
The new initiative aims to harmonise African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade, reducing substandard counterfeit products, and building resilient regional health systems
09/15/2020
The webinar noted that the policy recommendations of the African Economic Outlook Supplement could be regarded as important opportunities for investments
09/14/2020
On the 182-day T-bill, the yields have gone up from 6.56 percent to 6.69 percent in the period, while the 364-day T-bill has seen its rate rise marginally from 7.52 percent to 7.56 percent in the past five weeks.
09/14/2020
Fintechs are firms disrupting the conventional banking model by using technology to make financial operations easier, faster and more accessible to businesses, institutions, and the general public at large (customers).
09/14/2020
Banks, especially big ones, are essentially an indication of the state of the economy – except for one crucial difference; they need to retain the confidence of their clients.
09/14/2020
“By simplifying the conversation about wealth creation, we aim to offer our customers and potential customers a practical formula to accumulate wealth.”
09/13/2020
Continental Reinsurance Plc now holds 100% of issued ordinary share capital in its subsidiary.
09/11/2020
The President has recommended the deletion of the clause that carries the primary content of the Bill, saying it overlooks the mandate of the Salaries and Remuneration Commission.
09/11/2020
Treasury has invited further comment from those who who are against the three-year rule.
09/11/2020
The African Development Bank estimates Africa’s infrastructure financing needs at up to $170 billion a year by 2025
09/11/2020
The Committee is composed of pro-investment and pro-business advisors who understand Africa and will be instrumental in growing the US-African cooperation
09/11/2020
The Capital Markets Authority, CMA, has granted African Diaspora Asset Managers Limited a fund manager’s license.
09/10/2020
The upgraded road, the fibre optic connections, and the provision of basic social services are expected to attract investments, facilitate regional and domestic trade, create jobs, and improve access to internet-based opportunities.
09/10/2020
The approval follows a meeting of the extended Bureau of the Conference of Heads of State and Government with Africa’s private sector on 22 April 2020
09/10/2020
It comes at a time when the World Bank has stepped up lending to Kenya including the $1 billion (Sh108 billion) that was approved in May to help the country close a gaping budget deficit and tackle the economic shocks from the coronavirus pandemic
09/10/2020
Recent debt crises in the Kenyan supermarket business has shown that the retailers operate on an asset-light business model, paying lenders, landlords, suppliers and employees from sales collections.
09/10/2020
South Africa needs an accountable democracy and ongoing engagement around tax.