Commercial Bank of Africa (CBA) has announced that it will offer investors of the mobile-phone based bond M-Akiba and exit should they need to sell.
CBA's status as a market maker for the new bond followed negotiations with the government.
This...
The phrase kazi ni kazi resonates perfectly well with 32-year-old Stephen Muragu’s business. Over the past three years, Muragu has built an enterprise that provides general cleaning services across Nairobi. His journey in business, though, hasn’t been easy. “I tarmacked for months without...
The mobile-phone based M-Akiba bond is set to start trading on the Nairobi Securities Exchange today.
The bond worth Sh. 150 million attracted 5,692 investors who bought the government paper.
Buying and selling of the three-year bond at the bourse will...
The 2016 Full Year Banking Sector Report has ranked KCB as the best bank in Kenya today. The report prepared by Cytonn Investments also ranked Co-operative Bank as the second best bank in Kenya in a move that saw...
250 farmers are set to reap more from selling rabbit urine after establishing a plant for collection of rabbit urine.
The plant, which will be based at Kegoye Secondary School will manufacture organic fertilizer from the rabbit urine.
The project by...
The immediate former long serving Nakumatt boss Thiagarajan Ramamurthy has been appointed as the new group chief executive officer at Bidco Africa.
Ramamurthy takes over from Vimal Shah who moves on to become the chairman of Bidco Africa.
“Ramamurthy is a...
Co-operative Bank of Kenya has risen to the second best bank in Kenya in the full year 2016 ranking of Kenyan banks by investment firm Cytonn Investments.
Co-operative Bank scored a total franchise value of 59, a total return of...
The long-serving Nakumatt Supermarket director Thiagarajan Ramamurthy has left the retailer.
The director, who was always seen as the public face of Nakumatt left a few months before a major shake-up that will see the introduction of a new strategic...
At least 223 employees were sent home from KCB last year in a move that saw the bank spend Sh. 186 million to settle their retrenchment dues.
The bank closed the 2016 year with 7,192 employees compared to 7,415 the previous...
The requirements in a tenant-purchase scheme are not as stringent and as detailed as those in a mortgage.
The homebuyer in a tenant-purchase enjoys a grace period, the period between payment of the deposit and when the house is ready...
