<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5510286954001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Kenya Airways has created a special purpose vehicle dubbed KQ Lenders Company Limited, through which eleven commercial banks will convert debt owed by the airline into shareholding.</p>


Understanding Kenya Airways’ capital optimisation plan

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5507747010001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Kenyan companies will not need to cross-list in order to sell their shares in other countries. Elsewhere, short –term government treasuries were under-subscribed in Thursday&#8217;s auction.</p>


Kenyan firms to sell shares in region without having to cross list

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5506217853001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Kenya&#8217;s foreign exchange reserves dipped to a three-month low of $7.92 billion as government payments and rise in food imports continue to put pressure on the shilling.</p>


Kenya’s forex reserves drop to 3-month low

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5502444039001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Equity Group&#8217;s mobile money and banking platform, Equitel transacted Ksh271.8 billion in the first quarter of 2017, becoming the closest competitor of Safaricom&#8217;s M-Pesa which transacted Ksh890.7 billion in the same period.</p>


Kenyan shilling weakens to six-month low

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5500602087001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Salaries and Remuneration Commission of Kenya has unveiled a new pay regime that slashes monthly salaries and allowances of top state officers as the government moves to trim the public wage bill.</p>


Kenya moves to reduce the public wage bill

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5493007946001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Bond investors have supported the stable performance of the shilling against the dollar in Wednesday trading, holding up at 103.60/80 units to the greenback.</p>


Kenya’s private-sector activity drops in June

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5480016950001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The International Monetary Fund is raising a red flag over inadequate regulation of Islamic banking in Kenya. Elsewhere, the Kenyan shilling has weakened by 1.22 per cent against the dollar since the year began.</p>


IMF concerned about Islamic banking regulation in Kenya

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5478770666001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Capital Markets Authority of Kenya collected Ksh784 000 in financial penalties from non-compliant listed companies and listed intermediaries in 2016, but notes that compliance has improved.</p>


Capital Markets Authority cracks whip on non-compliant firms

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5477536974001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Capital Markets Authority says that it is not aware of any planned acquisition of the National Bank of Kenya by the KCB Group.</p>


Capital Markets Authority oblivious to National Bank takeover plan

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5476360322001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>France&#8217;s third-largest bank by assets, Societe Generale, and Mauritius-based SBM Holdings are the front-runners to acquire troubled Chase Bank and its subsidiary, Rafiki Microfinance, the Business Daily can now reveal.</p>


20 Share Index

Understanding Kenya Airways’ capital optimisation plan

Kenyan firms to sell shares in region without having to cross list

Kenya’s forex reserves drop to 3-month low

Kenyan shilling weakens to six-month low

Kenya moves to reduce the public wage bill

Kenya’s private-sector activity drops in June

IMF concerned about Islamic banking regulation in Kenya

Capital Markets Authority cracks whip on non-compliant firms

Capital Markets Authority oblivious to National Bank takeover plan

Societe Generale, SBM Holdings front-runners to acquire Chase Bank

News Tips

Advertise With Us

20 Share Index

Understanding Kenya Airways’ capital optimisation plan

Kenyan firms to sell shares in region without having to cross list

Kenya’s forex reserves drop to 3-month low

Kenyan shilling weakens to six-month low

Kenya moves to reduce the public wage bill

Kenya’s private-sector activity drops in June

IMF concerned about Islamic banking regulation in Kenya

Capital Markets Authority cracks whip on non-compliant firms

Capital Markets Authority oblivious to National Bank takeover plan

Societe Generale, SBM Holdings front-runners to acquire Chase Bank

News Tips

Advertise With Us

Newsletters