KQ projects Sh8.4bn savings from sale of B777s National carrier Kenya Airways (KQ) estimates that it could make operational cost savings of more than Sh8.4 billion annually from the sale or sub-leasing of its Boeing 777 planes. KQ has recently been cutting capacity on long flights,…

NSE brings six banks on board ahead of derivatives market launch The Nairobi Securities Exchange (NSE) has signed up six commercial banks to act as clearing members ahead of the upcoming trade in derivatives. NSE said the banks have been brought on to handle the Central…

Equity Bank is rolling out a product that will allow users to access money send to them via Western Union through ATM stations and credit their Equity Bank Accounts.

The Central Bank of Kenya proposes to license stand alone money remittance service providers in a bid to regulate and control the diaspora remittance business which is growing at fast rates.