CBK Gives Bank of China Nod To Open Office in Kenya
Bank of China has been granted a license to open a representative office in the country by the Central Bank of Kenya. The bank is eyeing a full operation in east Africa. According to Reuters, foreign lenders have been…
CBK Could Maintain 18% CBR
Central Bank of Kenya‘s Monetary Policy Committee is set to meet this week in discussions that could see the fate of interest rates determined. The Central Bank Rate (CBR) however is bound to be maintained at 18% thwarting any hopes of lower lending rates by…
Uchumi To Expand Branch Network
Uchumi sets course for expansion
Forex Trail – 2 July 2012
For the first time in five days the shilling strengthens against the dollar, if only in a small way.
CCK Board Fails To Approve New MTR Rates
MTR rate not lowered as the CCK had promised
Stocks Watch – 3 June 2012
The NSE 20 Share Index yesterday gained 1.6% to close at its highest level this year, climbing 59.97 points to close at 3,763.91 points from last Friday’s 3,703.94 points. The All-Share Index gained 1.3% to closing at 81.80 points from 80.75 points at the close of trading last…
Closing Bell – 2 July 2012
Image source: FILE HIGHEST VOLUMES Safaricom today had the highest volume of shares traded with 7.46 million shares traded followed by Kenya Commercial Bank with 1.41 million shares traded. Diamond Trust Bank was the third most active counter, with 1.40 million shares traded…
New CBK Guidelines To Come Into Effect August
The draft Prudential Guidelines and Risk Management Guidelines issued by the Central Bank of Kenya (CBK) for all applicants intending to be licensed to conduct banking, mortgage or financial business in Kenya primary stakeholders and the public for review and comments will come into effect in August.
IRA Issues New Insurance Guidelines
The Insurance Regulatory Authority (IRA) has this morning released three new sets of insurance guidelines that are aimed at enhancing efficiency and transparency in the insurance sector. The guidelines released include: Guidelines on market conduct for insurance investigators and motor assessors: These guidelines set the minimum…
Stocks Watch – 2 July 2012
At the close of trading at the last week, the NSE 20 Share Index closed down 0.16% at 3,703.94 points from 3,709.84 points on Thursday, Bloomberg data showed. Meanwhile, the NSE All-Share index rose 0.77 points to close at 67.91 points on Friday up from 67.39 points on Thursday. According…
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