Latest Kenya Banking News
- Indian banks ready for foreign operations 6 Jul 2008 20:15 GMT
... financing business overseas, a host of Indian banking majors including the country’s largest lender, State ... Hong Kong and a representative office in Kenya, he said. HDFC Bank already have representative ... an office in New York. Many Indian banks, both in the private and public sectors, ...
- KCB rights issue dogged by drop in the NSE share index 6 Jul 2008 13:55 GMT
... processing the Safaricom refunds will affect the Kenya Commercial Bank Rights Issue which closes this Friday, ... cross-listing in East Africa, venturing into the mortgage market and strengthening its regional and local ...
- Kenol Kobil expands into Zambia, acquires Lublend 6 Jul 2008 13:55 GMT
... Kobil Zambia, a fully-owned subsidiary of the Kenyan oil company, Kenol Kobil Group, has acquired a ... would negotiate more favourable borrowing terms from banks, which will allow it to tap other sources ...
- Kenya: Merged Bank's Subsidiaries to Retain Identities 5 Jul 2008 04:29 GMT
... the bank has streamlined most of its banking services and is in the process of harmonising ... independently. Recently, Standard Bank Group sold its Kenyan operation, Stanbic Bank Kenya Ltd, to Nairobi ...
- Pan-Africanism: A New Approach 4 Jul 2008 11:58 GMT
... ancestor. They both came from the river banks of Okavango. The Kavangos share a common royal ... Cesaire, Leopold Senghor, Fanon, Du Bois, Garvey, Kenyatta, Nkrumah, Nyerere, Neto, Cabral, Lumumba, Biko, Pad ...
- Ambani feud could derail MTN deal 4 Jul 2008 10:59 GMT
... year for a controlling stake in Telkom Kenya, which went to France Telecom. This time ... and African markets," he said. An investment banker who is not directly involved in the deal ...
- MTN deal could be scuppered by Ambani feud 4 Jul 2008 10:36 GMT
... year for a controlling stake in Telkom Kenya, which went to France Telecom. This time ... and African markets," he said. An investment banker who is not directly involved in the deal ...
- Merged Bank's Subsidiaries to Retain Identities 4 Jul 2008 09:08 GMT
... the bank has streamlined most of its banking services and is in the process of harmonising ... independently. Recently, Standard Bank Group sold its Kenyan operation, Stanbic Bank Kenya Ltd, to Nairobi ...
- Stakeholders keen to fast-track 40 000-MW Grand Inga projects 3 Jul 2008 22:25 GMT
... demand from neighbouring countries such as Cameroon, Kenya and Tanzania, which are willing to be supplied ... as well as other public and development banks and government funding. ...
- Proposed Pension Regulations Laudable 3 Jul 2008 21:18 GMT
... concern is that workers get indebted with mortgages and loans too close to their retirements ... upper levels of the employment world. With Kenya's annual savings for mortgages in the Sh250 ...
- Political Risks a Threat to the Economy 3 Jul 2008 21:18 GMT
... still pose the greatest risk to the Kenyan economy, a deterioration of which could hurt ... per cent. A strong showing from the banking sector in the first quarter of 2008 moved ...
- In the Grip of Inflation And Stagnation 3 Jul 2008 21:18 GMT
... column and since then I have witnessed Kenya and the rest of the world struggle under ... that gave rise to massive growth in mortgages. This problem erupted in August 2007 and ... rest of the world. Moreover, some established banks have collapsed, others like Bear Stearns in the ...
- The new iPod shuffle 3 Jul 2008 20:33 GMT
... per cent mark-up. There are hundreds of Kenyan businessmen like him, lured to the UAE ... Kenya as a potential market for the banking and telecommunications sector. Last year, Kenya imported US$800 ...
- Kenya's CFC Stanbic to raise expansion capital 3 Jul 2008 14:37 GMT
... NAIROBI, July 3 (Reuters) - Kenya's CFC Stanbic Bank will raise 2-3 billion ... in harmonizing technology platforms. He said the banks' earnings might be squeezed due to slower than ...
- Kenya: Fix Loopholes in Anti-Money Laundering Bill 3 Jul 2008 12:54 GMT
... ways that they clean (launder) by concealing sources, then transfer to local and foreign banks or legitimate businesses. Kenya's economy is still reeling from the devastating effects of last year when several pyramid ...
- Tyler Schools Report Honor Rolls 3 Jul 2008 09:51 GMT
... William Drake, Eli Edwards, Majid Erkin, Blake Eubanks, Brian Ewalt, Carli Faught, Zachary Flanagan, Kali Foster, ... Hunt, Juan Rodriguez, Taelor Smith; Third Grade: Kenya Williams, Marissa Green, Dawaylus Johnson, Christian Cardenas, Morris ...
- Central Bank Sought Valuation Before Takeover 3 Jul 2008 09:35 GMT
... Three companies commissioned by Central Bank of Kenya (CBK) to undertake valuation of the Grand Regency ... value of Grand Regency Hotel at Sh1,754,300,000, mortgage value at Sh1,278,000,000 and forced value at ...
- South Sudanese doctors come home from Cuba 3 Jul 2008 07:50 GMT
... expected have returned. Dar said many have mortgages and children and want a better education ... he said. Refresher training in Canada and Kenya was organised, and soon the doctors were on ...
- Ecobank's Arnold Ekpe for top African business award 3 Jul 2008 04:36 GMT
... Executive of Africa’s foremost and largest regional banking group, Mr. Ekpe is in the reckoning for ... Construction Industries (Egypt) Poulina Group (Tunisia) Safaricom (Kenya) Best Global Business in Africa Anglo-American Coca ...
- Kenya: Finance Bill Gives CMA Powers to Seize Assets 3 Jul 2008 04:33 GMT
... committing an offence under this Act in Kenya or elsewhere, apply to a magistrate for a ... can act against stock broker or investment banker accused of malpractices. The drastic measures are ... brokers hold bigger financial resources than many banks, he recommended that brokers be policed more ...
- Kenya: Tsavo Securities in Move to Acquire Crossfield 3 Jul 2008 04:33 GMT
... Sh50 million to Sh250 million for investment banks. The government has given the players in the ... company was authorised by Central Bank of Kenya as a placement agent for fixed-income securities in ...
- Kenya: NSE Chair Urges Direct Bank Refunds of IPO Cash 3 Jul 2008 04:33 GMT
... of Sh50 billion. The Central Bank of Kenya (CBK) Governor, Prof Njuguna Ndung'u, has insisted that ... refunds sent to stockbrokers in form of bankers' cheques must be picked by investors in ... investors in person, and processed through commercial banks. Prof Ndung'u says the order to have ...
- Africa: Bounty for Investors in Resources-Blessed Continent 3 Jul 2008 04:31 GMT
... in the year to date. Power says banks, breweries and cement sectors are a good way ... turmoil this year so far - in Kenya, Zimbabwe and Sudan - has polarised African leaders, ...
- Kenya: Islamic Bonds Opening Up New Vistas in Finance 3 Jul 2008 04:31 GMT
... Islamic banks are constantly coming up with innovative products ... introduce sharia bonds (sukuk bonds) to the Kenyan market, subject to regulator approval. Sukuk bonds ... are those issued in compliance with Islamic banking principles, the main tenets being; the avoidance ...
- Kenya: Islamic Bonds Opening Up New Vistas in Finance [opinion] 3 Jul 2008 04:31 GMT
... Islamic banks are constantly coming up with innovative products ... introduce sharia bonds (sukuk bonds) to the Kenyan market, subject to regulator approval. Sukuk bonds ... are those issued in compliance with Islamic banking principles, the main tenets being; the avoidance ...
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