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Kenya Banking News is an EIN News Service for banking industry professionals. Constantly updated news and information about Kenya Banking.
Latest Kenya Banking News
- UPDATE 1-Kenya slashes central bank rate by 0.75 percent 24 Nov 2009 13:54 GMT
... NAIROBI, Nov 24 (Reuters) - Kenya's Monetary Policy Committee (MPC) cut the key central bank rate by 75 basis points to ... responding to its decisions and signals. Both banks and the real sector understood the Committee's earlier decisions and ...
- Kenya: Nakumatt sets Sh1.8 billion price for sale of 30 per cent stake 24 Nov 2009 14:53 GMT
... medium term syndicated loan from four local banks. The sale price puts Nakumatt's total worth at about ... a major jolt in 2006 after the Central Bank of Kenya put one of its bankers, Charterhouse Bank, under statutory management. A strong ...
- African Markets - Factors to watch on Nov 24 24 Nov 2009 06:10 GMT
... investor caution, which set in after disappointing banks' earnings. NIGERIA BUDGET Parliament is expected to formally ... the two chambers of the national assembly. KENYAN MARKETS The Nairobi Stock Exchange's main index, ... and management of the bourse. KENYA MPC Central Bank of Kenya's Monetary Policy Committee (MPC) ...
- UBA Opens in Gabon - Now in 14 African Countries 24 Nov 2009 04:30 GMT
... The pan-African financial services Group, United Bank for Africa ... African countries where UBA has full scale banking operations. The other countries being; Nigeria, Ghana, ... Sierra Leone, Senegal, Burkina Faso, Chad, Benin, Kenya and Tanzania. Mr. Rasheed Olaoluwa, Chief Executive ...
- Export markets sought and expanded 24 Nov 2009 04:31 GMT
... Textile and garment products manufactured for export. Nhan ... Algerian market (rice, coffee, pepper), Angola and Kenya (rice, textile and garment products), Egypt (computers ... well as some countries with quite developed banking systems and rather strong financial potentials (for ...
- A Memory of Kyoto 24 Nov 2009 04:34 GMT
... was Ryokan Yuhara, right on the canal banks at the southern end of the Philosophers’ Walk. ... of Mission, an African novel set in Kenya ...
- Cross-Border Trade Grows But 23 Nov 2009 10:33 GMT
... which controls roughly over 50% of the banking industry. Other South African companies making a ... fray in the financial sector with three banks registering, these are Bank PHB, United Bank ... banks already in the market include Kenya Commercial Bank (KCB), Equity Bank and Fina Bank. ...
- Nakumatt Sets Sh1.8 Billion Price for Sale of 30 Per Cent Stake 23 Nov 2009 12:32 GMT
... medium term syndicated loan from four local banks. The sale price puts Nakumatt's total worth at about ... a major jolt in 2006 after the Central Bank of Kenya put one of its bankers, Charterhouse Bank, under statutory management. A strong ...
- Mobile Money Services Improve Payment Systems 23 Nov 2009 11:32 GMT
... The Central Bank of Kenya is breathing a sigh ... the integration of mobile money services with banking systems takes shape. The increase in the ... are backed by trust funds in commercial banks that are under CBK's watch. Analysts say the fears rise ...
- Village bank unlocks a town's potential 23 Nov 2009 21:40 GMT
... 80 such organisations operating in the country banking on the bottom of the low income ... of the 80 FSAs. FSAs are village banks that are user-owned and managed, although Central Bank would sneer at the use of ...
- Currency for Major Changes 23 Nov 2009 14:34 GMT
... Nairobi — The images of past and current Kenyan heads of state could soon fade from ... expense. "Notes and coins issued by the Central Bank may bear images that depict or ...
- Automated bond trading finally begins on Friday 23 Nov 2009 21:40 GMT
... By WACHIRA KANG’ARU Posted Monday, November 23 2009 at 19:00 ... second phase, linking the ATS to the Central Bank of Kenya Central Depository Settlement (CDS), which holds investors’ ...
- Capital markets future is promising 23 Nov 2009 23:51 GMT
... Uganda’s stock market has become a boiling point ... positive aspects. It means that traders in Kenya will be able to trade on the ...
- Whose Community is It Anyway? [opinion] 23 Nov 2009 10:00 GMT
... often ran aground on the reality of bankers coming out of the shadows and placing ... the real owners. Likewise, much of Uganda's banking sector in the 1960s was actually owned by European banks through a simple but clever formula: The local ...
- Why G4s Has Been Hit By a Series of Cash Robberies 23 Nov 2009 10:04 GMT
... Nairobi — Claims of sabotage, weak systems and ... corporation. Piqued by the G4S thefts, the banking sector through the Kenya Bankers Association (KBA) has commissioned a report on ...
- Providers Find Lucrative Market for Mobile Money Services 23 Nov 2009 19:01 GMT
... see a bright future for mobile phone banking. And nowhere is that more evident than in Kenya. The nation's biggest mobile phone provider, Safaricom, ... challenge is still financial regulations." Operators and banks are still developing security protocols. For now, necessity ...
- Overnight political celebrity after 27 years has message for Irish politicians 23 Nov 2009 01:30 GMT
... “a cautionary tale of over-reliance on large banks and rising house-prices [which] is extremely relevant to ... own Labour Party. Given his views on bankers, it is difficult to see him supporting ... first wife, Olympia, was a member of Kenya's Asian community who had come to England ...
- African Markets - Factors to watch on Nov 23 23 Nov 2009 06:10 GMT
... Nov 23 (Reuters) - The following company announcements, scheduled economic ... points on Firday, thanks to gains in banking and other stocks. NIGERIA OIL Nigeria renewed ... rate by 50-basis points to 18.0 percent. KENYAN MARKETS The Nairobi Stock Exchange's main index, ...
- Capital Markets Should Address the Skills Gaps [editorial] 23 Nov 2009 12:32 GMT
... The steady shift from equities to fixed debt instruments as ... borrowing options. In a nascent market like Kenya, this meant little interest collectively and individually ... who to structure the instruments, making one banker the most sought after item in the deal ...
- Hungry for Opportunities, European Investors Eye Africa's Unlisted Firms 23 Nov 2009 14:00 GMT
... The Nigerian bank crisis - in which banks were left holding toxic assets following a loaning ... investment means that countries such as Nigeria, Kenya and Ghana, which have advantages of scale, ...
- Media Trust African of The Year Nominee to Be Named January 23 Nov 2009 12:12 GMT
... Abuja — The Advisory Board of the Daily Trust ... which took place last weekend in Nairobi, Kenya, was presided over by Chairman of the ... of diverse professional background including public servants, bankers, journalists, scientist, human rights activists and philanthropist, ...
- Meeting Seeks to Reform the NSE 23 Nov 2009 19:44 GMT
... Nairobi — Players in the country's capital market ... In March this year, Finance minister Uhuru Kenyatta established a demutualisation steering committee headed by ... current situation in which stockbrokers and investment bankers are both owners and managers of the ...
- SMEs Strategise for Better Prices 23 Nov 2009 20:25 GMT
... Ruth Musoke, produce buyers for example from Kenya come into Uganda especially in the western ... farmers to access loan facilities from commercial banks and services from telecommunication companies than when one ...
- Kenya central bank FX reserves edge higher 20 Nov 2009 16:06 GMT
... NAIROBI, Nov 20 (Reuters) - Kenya's central bank said on Friday its official usable foreign exchange reserves stood at $3.356 billion, ...
- CBK Set to Renew Push for Banks to Lower Lending Rates 18 Nov 2009 00:53 GMT
... set to renew its push for commercial banks to cut their lending rates to reflect ... rates to dip by a third, the Central Bank of Kenya is next week expected to ... does not reduce operating costs," said the Commercial Bank of Africa executive director Mike Bristow. An ...
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