The Commercial International Bank (Egypt) S.A.E. (CIB) has acquired an additional 49 percent of the shareholding of Mayfair CIB Bank Limited (MBL). This follows the Central Bank of Kenya's (CBK) approval on January 23, 2023, under Section 13(4) of the Banking Act and approval by the
The Central Bank of Kenya has okayed a further 12 Digital Credit Providers (DCPs) to operate in Kenya through the issuance of licenses. This is pursuant to Section 59(2) of the CBK Act, bringing the number of licensed DCPs to 22 following the licensing of 10
Amos Kiprotich keter is the latest millionaire in town after winning Sh3.4 million on Odibets. Amos played the Aviator game which is under Casino on Odibets before scooping the millions. One’s earnings on the Aviator game depend on the height you fly the plane, a game Amos
Lagos, Nigeria's economic hub and West African trade hub’s shipping terminals are embracing a game-changer deep sea port of transforming the country's trade links. On January 23, Nigerian President Muhammadu Buhari inaugurated iconic Lekki deep seaport, Nigeria's biggest and West Africa's deepest sea port in the
Kenya Electricity Generating Company PLC (KenGen) will pay a total of Ksh.1.32 billion in dividends to its shareholders for the year ending June 30, 2022. This was after the company posted a Ksh.4.7 billion profit after tax. It follows approval by shareholders of the KenGen Board’s
A lucky man in Naivasha, Nakuru County is the latest millionaire in town after winning Ksh.1.6 million on Odibets. Martin Wafula, who works as a propagation manager in an NGO in Naivasha, placed two separate bets with Ksh.45 each. In the first bet, he placed Ksh.45 and
The Kenya Post Office Savings Bank (Postbank) has appointed Sarah Serem as the chairperson of the Board of Directors. Serem's three-year tenure is effective January 13, 2023, for the public servant who brings wealth of experience and expertise from various fields including administration. Prior to her appointment,
The Anglo-English based oil explorer - Tullow Oil - has laid down strategy to continue with its investment plan in four African countries, including Kenya. In a statement to newsrooms Wednesday, the company said it is investing Ksh.1.2 billion in the country. It said it has held
The Kenyan government has launched a nine-year marketing strategy in Agriculture sector with an aim to boost market access for Kenyan farmers. The Agricultural Marketing Strategy (AMS) 2023-2032 was launched Tuesday by the Principal Secretary for Crops Development, Kello Harsama on behalf of the Agriculture Cabinet
The Capital Markets Authority (CMA) licensed coffee brokers will now be on-boarded by the coffee regulator in Kenya, ending a two-year-long supremacy battle. The Nairobi Coffee Exchange (NCE) had resisted admission of the five brokers who received regulatory approval by CMA in 2021. These five brokers are
