World Bank Group gets a new President
Government and Policy
David R. Malpass has been appointed as the 13th President of the World Bank Group for a five-year term beginning
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Month: April 2019
Equities Register Mixed Performance as NSE 20 Stocks Remain Flat
Market News
Equities at the Nairobi Securities Exchange (NSE) registered mixed performances where NASI and NSE 25 gained as NSE 20 slumped.
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Mombasa Teams Win Chapa Dimba Na Safaricom Coastal Finals
Entertainment
Mombasa’s teams, Shimanzi Youth and Changamwe Ladies are the winners of Chapa Dimba Na Safaricom Coast region finals. The crowd’s
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KenTrade and TMEA Sign Ksh. 150 Million Partner Support Agreement for Single Window System
Government and Policy
Kenya Trade Network Agency (KenTrade) has signed a partnership agreement of 150.0 million shillings with TradeMark East Africa (TMEA) to
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Gigiri, Karen and Westlands Register Best Rental Yield for 2018
Headlines
Gigiri, Karen and Westlands were the best performing nodes in 2018 recording rental yields of 10.5, 9.2, and 9.0 percent
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Nestlé’s Sub Saharan Africa Appoints new East Africa Head
Market News
Nestlé Kenya operations will now report into South Africa following the reorganization of Nestlé business in Sub-Saharan Africa. The former
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Britam to Acquire Undisclosed Stake in Tiserin Capital
Investment
Britam Holdings Limited, with operations in Kenya, Tanzania, South Sudan, Uganda, Rwanda, Malawi, and Mozambique announced its intention to acquire
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Shilling Appreciated Marginally against the Dollar Last Week
Headlines
Last week, the Kenya Shilling appreciated marginally against the US Dollar to 100.7 shillings from 100.8 shillings the previous week.
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T-Bill Subscription hits 250.2 Percent on account of Favorable Liquidity
Headlines
T-bills recorded an oversubscription last week according to stats compiled by Cytonn Investments in their weekly report. The subscription rate
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Central Bank Accepts the Final Offer from KCB to Acquire Imperial Bank
Headlines
Central Bank of Kenya (CBK) and Kenya Deposit Insurance Corporation (KDIC) have announced the acceptance of the Final Offer from
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