Uganda Securities Exchange (XUGA)
Chairman Kenya Bankers Association Joshua Oigara. [File, Standard] KCB Group might have taken the wrong path to regional banking supremacy. The Tanzanian route is somewhat jinxed. The listed lender’s foray into the region might have started in Tanzania where it launched its operations away from home in 1997, but Dar es Salaam has not warmly […]
The number of registered companies in Kenya stands at over 310,000, according to the Ministry of Industrialisation Some renowned Kenyan companies such as Equity Bank, Co-operative Group and East African Breweries Ltd defied the effects of the COVID-19 pandemic to post impressive profits Safaricom retained its position as Kenya’s most profitable company in 2021 after […]
A building in Nairobi bearing Imperial Bank Limited signage. The Central Bank of Kenya (CBK) has announced that it is permanently shutting down Imperial Bank Limited and all its branches. In a statement dated Thursday, December 9, the financial regulator indicated that liquidation of the institution was the only feasible option. The decision comes after […]
Imperial Bank depositors hold placards outside the Westlands branch during a past demonstration/FILE The Central Bank of Kenya has appointed the Kenya Deposit and Insurance Corporation to liquidate the defunct Imperial Bank after efforts to revive it failed. In a statement on Thursday , the banking regulator said the decision to windup followed a comprehensive […]
Imperial Bank depositors hold placards outside the Westlands branch in Nairobi during a past demonstration. The Central Bank of Kenya (CBK) has placed Imperial Bank Limited in liquidation, paving way for the sale of its assets. Imperial Bank was placed under receivership in October 2015, and the Kenya Deposit Insurance Corporation (KDIC) appointed as the […]
About 21,394 people in Uganda have become shareholders in MTN Uganda following the conclusion of the company’s Initial Public Offer (IPO). MTN Uganda was yesterday listed on the Uganda Securities Exchange (USE) having raised Shs535.9b (or $151m) from its IPO. This represents 60 percent of its target amount after it launched its IPO in October, […]
The growing shoe brand is paving a road to encourage customers worldwide to Run Kenyan while paying homage to its cultural roots. NAIROBI, Kenya, Dec. 9, 2021 /PRNewswire-PRWeb/ — Enda , Africa’s first high-performance brand of running shoes, announced its successful Series A debt and equity funding round on Dec. 2, securing $1.1 million in […]
The Central Bank of Kenya (CBK) has approved the liquidation of collapsed Imperial Bank, setting the stage for the sale of the lender’s remaining assets. Imperial Bank collapsed six years ago with money belonging to depositors, bondholders and creditors and has been under receivership of the Kenya Deposit Insurance Corporation (KDIC). During the six years, […]
The value of stocks on the Nairobi Securities Exchange (NSE) #ticker:NSE dropped to a seven-month low on foreign investors’ sell-off of blue-chip firms amid rising concerns over new coronavirus variant. Market data shows investors’ paper wealth declined Sh89.06 billion in a week through Monday, pushing the market value to levels last seen in mid-April. The […]
Zamara Group has expanded its digital pension plan Fahari Retirement to allow users to access it on the online messaging app WhatsApp. The pension firm targets to grow its customer base for its retirement products, especially in the informal sector. Fahari Retirement Plan allows individuals to save as low as Sh20 per day or Sh300 […]
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