10/30/2020
Blue-chips target Sh1bn new capital on key index shift
This shift means that Kenya’s weight in the index will increase to 9.49 percent from current levels of about 8.2 percent
10/30/2020
NSSF firms grip on KCB with Sh719 million share purchase
Foreign investors have sold a combined stake of 6.66 per cent in the eight-month period.
10/30/2020
Twiga Foods targets small firms with Sh3.2bn IFC funding
The drive raised Sh2.57 billion ($23.75 million) in equity from Goldman Sachs as well as venture capital investors such as the IFC, TLcom Capital, Wamda Capital and Creadev.
10/30/2020
‘The greed that sometimes drives capitalism must be tamed’ – James Mwangi
Whole teams have been set up to work from home, with all the security and equipment costs this entails.
10/30/2020
African Insurer Old Mutual to Expand Business in China
Old Mutual stuck with the partnership with China Energy Investment Corp., one of the world’s biggest power producers, after resolving ownership issues following a consolidation of the nation’s utilities.
10/29/2020
CBK forex reserves fall Sh44 billion
The foreign reserves were likely used in debt servicing of bilateral loans, multilateral loans from World Bank’s body the International Development Association (IDA) and AfDB as well as syndicated loans.
10/29/2020
Insurers had expected the change in law to help them grow annual marine insurance premiums to about Sh20 billion, meaning that the current collections are less than a fifth of the potential premiums.
10/29/2020
Andisa Ntsubane discusses the challenges businesses now face as they navigate through the COVID-19 era.
10/29/2020
It is the premier indicator of the stage of maturity of Africa’s financial markets and serves as a guide for governments to put the necessary infrastructure in place to deepen and improve the markets in order for Africa to attract its fair share of
10/28/2020
Kenya’s debt repayment down Sh199 billion on cheaper loans
The repayments for 2019/20 are also lower than the revised Sh768.84 billion the Treasury had earlier projected to spend for the period.
10/28/2020
Centum real estate unit gears up for Sh4bn housing bond
Centum said the bond is undergoing regulatory approvals, with issuance expected in the coming weeks.
10/28/2020
Their upcoming entrepreneurship bootcamp, organised in partnership with SAS, is designed to educate and support young founders and innovators in using programming to create viable business ventures.
10/28/2020
“We’re going to look at increasing the canvas for the bank compared to where we are now,” Naveed Kamal, chairman of EMEA EM corporate banking, said in an interview.
10/27/2020
Diaspora inflows up Sh18bn despite pandemic shocks
The World Bank’s forecast in April was largely based on assumption that migrant workers will be hardest hit by job losses and pay cuts across the globe because of economic fallout as a result of coronavirus pandemic.
10/27/2020
213 companies vie for honours at 2020 Ghana Business Awards
Organizers of the Ghana Business Awards (GBA), Globe Productions have announced the commencement of processes towards the year’s Ghana Business Awards. This is in partnership Ministry of Business Development, Graphic Business, Nobel International B
10/27/2020
Mauritius Introduces Premium Travel Visa for Long Stays
An online platform for the e-Visa application will be available shortly.
10/27/2020
Minister Padayachy pointed out that the economy suffered from the national lockdown which resulted in a contraction of 15 % of our GDP in March-May and 32,5% in April-June compared to the same period last year.
10/26/2020
Co-op Bank to focus on local expansion
Mr Muriuki said that Co-op Bank’s recent acquisition of Jamii Bora Bank is part of the ongoing local expansion, adding that the new subsidiary is expected to return to profitability from next year.
10/26/2020
Minister set to detail spending and revenue adjustments
10/26/2020
Companies that have submitted their results included United Capital Plc, Africa Prudential Plc, GlaxoSmithKline Consumer Nigeria Plc, NCR Nigeria, Unilever Nigeria, Chemical and Allied Products (CAP) and Austin Laz and Company.