Cytonn lines up first publicly funded debt issue

By Kepha Muiruri,

Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D...

CMA , Cytonn Investments , nse , REIT

Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt

By Kepha Muiruri,

The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...

high court , Mohamed Mohamed , uchumi

CMA warns Kenyans against ‘forex trader’ Interweb Global Fortune

By Kepha Muiruri,

The Capital Markets Authority (CMA) has warned the public against dealing in the InterWeb Global Fortune Limited following the discovery of suspect tr...

Capital Markets Authority (CMA) , CBK , Interweb Global Fortune

CMA issues tough rules on entities seeking to raise capital from the public

By Kepha Muiruri,

The Capital Markets Authority (CMA) has issued tough rules on entities seeking to raise funds from members of public irrespective of their listing sta...

capital raising , CMA

Kenya Power announces expected drop in profits

By Kepha Muiruri,

Kenya Power has announced an expected drop in its net earnings for the financial year ended June 30, 2019. In a public notice issued on Thursday, K...

Equity Group doubles presence in DRC with new acquisition

By Kepha Muiruri,

Equity Group has moved to strengthen its Democratic Republic of Congo (DRC) banking business with a new proposed purchase of a controlling stake in th...

Equity Group , James Mwangi , mergers and acquisitions

CMA kicks off search for Muthaura’s replacement

By Kepha Muiruri,

The board of the Capital Markets Authority (CMA) has commenced its search for a new Chief Executive Officer on behalf of the markets regulator. The...

Capital Markets Authority (CMA) , Paul Muthaura

CBK approves KCB’s acquisition of National Bank of Kenya

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has approved the 100 percent share capital acquisition of the National Bank of Kenya (NBK) by the KCB Group. The re...

CBK , CMA , KCB , NBK

CMA freezes accounts by women incubator WIIE in irregularity probe

By Kepha Muiruri,

The Capital Markets Authority (CMA) has alongside law enforcement agencies frozen bank accounts belonging to the Women Investing in Entrepreneurship (...

CMA , WIIE

Qwetu residences developer gets nod for Kenya’s first Ksh.5B green bond

By Kepha Muiruri,

Qwetu students’ residences developer Acorn Holdings Africa has received the green light to raise a total of Ksh.5 billion in investing funds by way ...

Acorn Holdings Africa , Capital Markets Authority (CMA) , green bond , Qwetu residences

BAT risks expulsion from NSE derivatives market

By Kepha Muiruri,

British American Tobacco (BAT) Kenya risks expulsion from the recently launched derivatives market at the Nairobi Securities Exchange (NSE) over non-o...

BAT Kenya , CMA , derivatives , nse

KCB seeks Parliament’s indulgence on NBK purchase

By Kepha Muiruri,

KCB has now sought for the indulgence of Parliament in relation to the company’s experienced stumbling blocks in its quest for the full acquisition ...

KCB Group , National Bank of Kenya (NBK)

Cryptocurrency plan will radically transform Kenya’s monetary system: report

By Kepha Muiruri,

A ICT Ministry-backed team has retained its quest for the development of cryptocurrency assets in Kenya in spite of regulator unease. The task-forc...

bitcoin , cryptocurrency , ICT Ministry , Joe Mucheru

Paul Muthaura set to exit Capital Markets Authority after 7 years as CEO

By Kepha Muiruri,

Capital Markets Authority (CMA) Chief Executive Officer Paul Muthaura will not seek out a new term to be the regulator’s chief when his term ends Ja...

Capital Markets Authority (CMA) , Paul Muthaura

Court throws out Aly-Khan Satchu privacy intrusion suit in insider trading probe

By Kepha Muiruri,

The commercial court has dismissed claims by stock-broker Aly-Khan Satchu on the intrusion of his privacy by the Capital Markets Authority (CMA). T...

Aly Khan Satchu , Capital Market Authority , insider trading

With no competing offers, NBK accepts KCB’s Ksh.3.80 share price

By Kepha Muiruri,

The board of the National Bank of Kenya (NBK) has resigned itself to the KCB Group self valuation of the bank with no forthcoming counter offer for th...

KCB Group , National Bank of Kenya , NBK Board chairman Mohamed Hassan

KenolKobil insider probe pushes CMA illicit recoveries to Ksh.726 million

By Kepha Muiruri,

The Capital Markets Authority (CMA) has recovered Ksh.725.8 million from illicit capital markets dealings in the year to date, with the lump of the su...

CMA , KenolKobil

All hands on deck: Rotich assures Parliament of proper checks on KCB-NBK deal

By Kepha Muiruri,

The National Treasury has defended its position on perceived laxity under the ongoing procedures in the acquisition of the National Bank of Kenya (NBK...

CBK , CMA , Henry Rotich , KCB-NBK acquisition , National Treasury

NSE taps into top stocks in safe-bet derivatives

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has picked seven of the best performing shares on its 25 index to kickstart the derivatives market whose launch ...

nse

Jubilee diversifies to finance with fund manager licensing

By Kepha Muiruri,

Kenya’s largest insurer by asset base Jubilee Holdings has set its sights on financial services in what is a move away from its traditional general ...

Insurance in Kenya , Jubilee Holdings , Julius Kipng'etich , Julius Kipnm , Nizar Juma