CFC Insurance Holdings will be changing its name to Liberty Holdings Kenya Limited. This came as the shareholders approved the change of name at the company’s Annual General Meeting (AGM) CFC Insurance Holdings, which listed at the Nairobi Securities Exchange (NSE) is the…

The National Social Security Fund (NSSF) has reiterated that ongoing plans to reduce its real estate portfolio will be undertaken in strict adherence to the Retirements Benefits Authority (RBA) regulations.  According to NSSF acting Managing Trustee Tom Odongo, the ongoing process to reduce…

The governments intention to wipe out counterfeit mobile phones from the market is well on course, Information Permanent Secretary Dr. Bitange Ndemo has said. Speaking at the launch of Safaricom‘s Huawei 100Y phone, the PS said that the shut down of the counterfeit mobile phones could start…

K-Rep Bank has disclosed that plans are underway to open at least 20 new branches countrywide by 2015. The SME lender which re-branded on Monday 25th says it plans to roll out more branches countrywide to ensure that it takes its services closer to its target clients…

National carrier Kenya Airways has signed an agreement with Africa Export-Import Bank (Afreximbank) for a KES 159.6 billion ($1.9 billion) loan for  its fleet expansion program. The airline raised KES 14.488 billion which it intended to use for buying new aircraft to replace its ageing B767 and B737…

A couple of weeks ago the budget was read. The response on the ground was a mixed one.  Even though there were winners and losers, for the most part, questions were rife in the minds of the citizens. Does the landlord tax mean my rent will go…

Kenyan banks are turning to retail investors for cheap funds as opposed to large depositing customers for fear of paying high interests. According to figures released by the Central Bank of Kenya, loans grew faster than customer deposits in 2011. Commercial banks deposits are the primary source of funding for…

Ecobank Kenya has plans to open four new branches in Kenya. Incorporated as Ecobank Transnational Incorporated (ETI), the bank entered the Kenyan market in 2008 at difficult time from the industry due to the post election unrest evidenced in the country. The bank currently has 24 branches in the…

Early this month, Kenya Airways announced changes to its Summer Schedule. The airline suspended flights to Muscat and Rome effective immediately until further notice due to capacity optimization across the network. The airline introduced a new direct flight to Dubai which will operate three times a week with late evening…

Each human being always desires a good, comfortable life as they proceed through age. In Kenya, the economic difficulties have not been giving youngsters much option as regarding good living. Thanks to creativity and ‘survival for the fittest’ mind set, most people try to earn as much comfort and quality…