Time to invest in Kenya Treasury Bills. Contact your broker to get a Treasury bill application form. The application form requires information about the Treasury bill you want to purchase, like the issue number, the maturity period you want, and the face value amount you want to receive upon maturity. It also requires information about […]
Tag: XNAI
Safaricom: Ex-Dividend Payment Date 2020
Only shareholders on the Safaricom’s Register of Members on this date will receive the 2020 Final Divided of KES 1.4 per share.
Kenya Defense and Uchumi implored to settle land dispute amicably
A military vehicle is parked on the land claimed by Uchumi next to Thika Road Mall in Nairobi. PHOTO | EVANS HABIL | NMG As reported in Wednesday’s Business Daily, the Kenya Defence Forces (KDF) has taken over land claimed by struggling Uchumi Supermarkets , ignoring the long history that ended with Uchumi being allowed […]
Kenya set to issue four-day transit visa
NMG Kenya will from January start issuing four-day transit visas allowing foreign passengers on Kenya Airways awaiting connection flights at the Jomo Kenyatta International Airport to exit for shopping and sightseeing. Passengers on layovers — a break between two flights taking passengers to their final destination — will receive a 96-hour transit visa, up from […]
I&M Bank Lists Maiden Shares on Rwandan Bourse
Finally another Rwanda commercial bank- I&M Bank, today listed its shares at Rwanda stock exchange with an opening price of Frw 100 and closed with an increase at a closing price of Frw 105. I&M Bank indicated its intension to join the local bourse in 2016. The bank will become the third on the stock […]
Pesalink app signs up 2 million customers in 60 days
IPSL Chief Executive Officer, Jennifer Theuri says they hope to raise the number of banks using Pesalink in the next few weeks So far, 22 commercial banks are part of the network allowing customers to move money across banks through the app. The banks include; I&M Bank Kenya, CBA, First Community Bank, Paramount Bank, Jamii […]
Europe Investment Bank signs $100m+ facility with Equity and HF for lending to regional SMEs
Equity Bank of Kenya Limited Chief Executive Officer James Mwangi (R) and European Investment Bank Vice-President Pim Van Ballekom (L) in Nairobi on 29/03/2017. Equity Bank has signed Kshs 10.5 Billion financing agreement with European Investment Bank to support regional entrepreneurs. European Investment Bank, the long-term lending institution of the European Union, has extended about […]
Why Kenya remains attractive to investors
Kenya has in recent years topped the list of African countries that are most attractive to foreign investment. But with elections coming later this year and an increasingly unstable global economic outlook, the country’s risk profile has increased. The Business Daily spoke to Citibank’s head of investment banking for Africa, Miguel Azevedo, on the country’s […]
Kenyan Stock Exchange to introduce ETFs
INDIVIDUAL investors may from the third quarter buy into a diverse number of stocks and bonds including highly priced blue chips trading at the Nairobi Securities Exchange. This will be possible through the Exchange-Traded Funds whose regulations, the Capital Markets Authority and the Nairobi Securities Exchange said yesterday, are being fast tracked. An ETF basket […]
East Africa: EALA Urges Inclusive Investment Policies to prevent social unrest
The xenophobic violence currently taking place in South Africa could happen in East Africa if partner states don’t ensure inclusive policies to benefit citizens during the ongoing integration process, members of the East African Legislative Assembly (Eala) have warned. “South Africa is the most industrialised economy in Africa because of high investment levels but why […]