Nairobi bourse plans platform for trading in carbon credits Nairobi Securities Exchange (NSE) plans to set up a carbon-tracing board for Kenyan companies with carbon credits to sell to foreign countries and manufacturers. Power generators, petrochemical firms, steel producers, car makers, electro-mechanical firms and airlines from…

Uchumi battles to recover Sh2bn from landlords Uchumi had committed to open more than 20 outlets in Kenya in the mid-term and had reserved space in malls such as Centum-owned Two Rivers, Sarit Centre, Lake Basin Mall in Kisumu and Kenyatta University’s Unicity. The payments now…

Imperial Bank owners and CBK feud over reopening delays Imperial Bank shareholders have blamed Central Bank of Kenya (CBK) over the delayed reopening of the closed bank, days after the regulator accused them of inaction. The owners also accused KDIC of failing to appoint a team…

Stanlib extends debut Reit sale by week after investors seek clarity The sale of Stanlib Investments debut Real Estate Investment Trust (Reit) has been extended by one week after the issuer asked for more time in response to investor queries. The investment firm said fund, pension…