Business Daily
Economy, business and markets news, analysis and data from Kenya and Africa.
CBK reserves hit four-year high on IMF funds, dollar purchases
Nov 11, 2024 · The reserves now stand at their highest level since the opening week of October 2021, when the cover stood at Sh1.210 trillion ($9.365 trillion).
Markets & Finance - Business Daily
Sep 29, 2011 · PRIME Kenya attracts Sh117.8bn in new investments, surpassing target Dec 10 - 5 min read Jamie Dimon charts JPMorgan expansion plan into Africa Oct 16 - 2 min read …
Economy - Business Daily
Latest news and analysis on Kenya's economy and Africa, including economic policy and trade.
Mergers, buyouts loom as 12 banks seek fresh capital
Dec 9, 2024 · Kenya is following neighbouring countries in increasing the compulsory capital in a bid to boost the stability of the sector that holds close to Sh6 trillion customer deposits.
Access Bank boss exits amid ongoing Sh13bn NBK buyout
Oct 21, 2024 · “We are at regulatory approval level. We filed both with the CBN and the CBK. We have received some feedback from them and responded. We are expecting the no objection to …
KCB Group CEO Paul Russo: Hard decisions are now paying back
Nov 21, 2024 · KCB Group announced a 49 percent growth in net profit to Sh44.5 billion in the nine months of trading ended September 2024. CEO Paul Russo spoke to Business Daily on …
Corporate - Business Daily
Companies PRIME Genghis assets up for auction in Sh355m row with SA businessman The stock brokerage firm rushed to court on Monday to forestall the sale.
Fresh proposals set to hit non-deposit taking MFBs
Nov 18, 2024 · The raft of amendments to the CBK and Microfinance Acts broadly seek to expand the mandate of the apex bank to more credit providers.
Seasoned insurer thrown in the deep end implementing new …
Oct 6, 2024 · The new insurance system roll-out tumult-flung Mr Wachira, a seasoned insurer who has had decades-long experience in private practice, into the limelight.