CBK to sell five and 10-year Treasury bonds The Central Bank of Kenya said on Friday it will sell five-year and 10-year Treasury bonds worth Sh25 billion in February. The bank said in a statement it will receive bids for the two bonds between February 12…

TransCentury CEO Gachao Kiuna resigns The chief executive of investment firm TransCentury Limited Dr Gachao Kiuna on Thursday resigned from the company for undisclosed reasons. The listed investment firm has appointed Mr Ng’ang’a Njiinu, currently the firm’s head of corporate finance, as the acting chief executive.

Express Kenya CEO Hector Diniz edges closer to owning 71 per cent of its shares Hector Diniz is set to control 70.9 per cent of listed firm Express Kenya, where he is CEO, if a plan to convert a Sh60 million debt owed to his companies…

Tuskys signs finance deal with DTB for upfront payment of suppliers Tuskys Supermarkets has signed a financing facility that will see its suppliers get payments from the Diamond Trust Bank even before their invoices are due. The deal will also enable small and medium sized companies (SMEs) that supply the…

Equity gains Sh30bn in a month as small banks lose deposits Equity Bank management says it has grown its deposit base by Sh30 billion in the last month riding on shift of deposits from small banks. Small banks have suffered loss of deposits since last month…

Uchumi reveals Sh2.4bn drain by closed outlets Uchumi Supermarkets’ regional subsidiaries cost the retailer Sh2.4 billion in cash injection every year but returned losses for the past five years leading to their closure this week. Uchumi says it has consistently pumped Sh200 million a month into…

Treasury to raise domestic debt by 75pc next year Kenya’s domestic borrowing is projected to rise by 75 per cent to Sh208 billion in the next financial year compared to the current year, energizing the fixed-income market but also raising the spectre of even higher interest rates. The National Treasury…

1.       Kenyans with ID Waiting Cards Can Register as Voters Once the president assents to the Election Act (Amendment) Bill 2012, Kenyans with ID waiting cards will be able to register as voters. The waiting cards however will only be used in registration but not…

Ever wanted to start a business but don’t know where to start? Here is a break down of the documents you need and the procedures. Some of the processes might take slightly longer than projected but it has improved. 1. State registration Registration the business as legal entity,…