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Regions & Countries:Kenya X
  • Bank stocks up Sh21bn in rate cap review push

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    The wealth of investors owning banking shares increased by Sh21.6 billion after the lenders’ stocks surged on news that President Uhuru Kenyatta has demanded that lawmakers remove the cap on commercial lending rates.
  • Banks account for quarter of all taxes paid by companies

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & FinanceServices: Tax
    Banks accounted for a quarter of corporation taxes paid in two years through December 2018, an industry analysis has shown, underlining Kenya’s heavy reliance on the banking industry for revenue.
  • Tea hits highest price in four months at the Mombasa auction

    Content Types: ArticleRegions & Countries: KenyaIndustries: AgribusinessFood & Beverage
    The price of tea at the Mombasa auction continues to rise with last week marking the highest value in the last four months.
  • Safaricom’s market value beats all other NSE firms combined

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Safaricom’s dominance of the NSE has hit a new peak after the telecommunication firm’s market valuation exceeded 50 percent of the Sh2.22 trillion stock market.
  • New KCC invests US$4M in expanding its Dandora dairy plant processing capacity

    Content Types: ArticleRegions & Countries: KenyaIndustries: AgribusinessFood & Beverage
    KENYA – The New Kenya Cooperative Creameries (KCC), one of the leading dairy processors in Kenya, has unveiled its new refurbished processing plant in Dandora Nairobi as it seeks to expand its processing capacity.
  • Chinese firm to pick Kenya’s first nuclear power plant location

    Content Types: ArticleRegions & Countries: ChinaKenyaIndustries: Power/Utilities
    The Indian Ocean, Lake Victoria and Lake Turkana have been identified as top contenders for hosting the first nuclear power plant that Kenya plans to build in the next 8-10 years.
  • Kenya, Tanzania Leaders Plan to Explore Natural-Gas Trading

    Content Types: ArticleRegions & Countries: KenyaTanzaniaIndustries: Oil & Gas
    Kenyan President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, agreed to explore trading in natural gas, which companies including Equinor ASA are looking to develop for export.
  • Stanbic Bank rolls out Sh20 billion women-only loans

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Stanbic Bank #ticker:SCBK has launched a Sh20 billion kitty targeting women entrepreneurs, coming amid a tough credit access environment for Small and Medium Enterprises (SMEs).
  • Eurobond yield decline opens doors for debt

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Investors in the international debt market have significantly lowered their risk rating of Kenyan bonds, opening room for the Treasury to borrow more aggressively at friendlier price.
  • Safaricom share down marginally as tributes pour in

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Safaricom’s share at the Nairobi Securities Exchange (NSE) yon Thursday shrunk by more than two per cent as mourners commemorated the death of the firm’s captain, the late Bob Collymore.
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