Kenya’s balance of payments slips into deficit position Kenya’s balance of payments has slipped into a deficit position following a drop in financial inflows, in the absence of the Eurobond and amidst low tourist numbers, wiping out gains of a lower import bill. This means there…

M-Pesa now enters Uganda in Safaricom, MTN pact M-Pesa users will now send and receive money from one of Kenya’s biggest trade partners Uganda after Safaricom partnered with MTN, a mobile phone service provider in the neighbouring country. Uganda is one of Kenya’s top trading partners…

Mumias slashes staff allowances, freezes pay increments Troubled Mumias Sugar Company has halved senior staff allowances and frozen pay increments as it struggles to climb out of the deep pit of losses it fell into two years ago. Mumias managing director Coutts Otollo informed staff of the changes, part…

Banks left with idle capital after fund raising campaigns Data from the Central Bank of Kenya shows lenders have core capital (shareholders’ funds) equivalent to 16.7 per cent of their loan book against the statutory minimum of 10.5 per cent. The headroom against regulatory requirement gives the lenders muscle to…

CIC Insurance corporate bond begins trading at NSE CIC Insurance Group Corporate Bond began trading yesterday at the Nairobi bourse. The insurer announced it would take up the whole KES 6.34 billion realized from the issue, which was oversubscribed by 111% over the initial KES 3 billion. […]…

Implementation of the new IT system will save contributors unexplained investements and expenses at NSSF

Britam, the company that just had one of the largest re-branding campaigns we've ever seen, is doing something even bigger. The Group has started building what will be the tallest building in Kenya and the third tallest in Africa at a cost of 5 billion shillings to be ready by end of 2015. So long, Times Tower.

This man will be responsible for over KES 100 billion shillings worth of your retirement benefits.

The proposed NSSF Transformation Bill promises to give every Kenyan a chance to prepare for their future. The Retirement Benefits Authority has doubts about the plan's feasibility.