Edition:
United States

Duncan Miriri

REFILE-Former CEO of Kenyan stockbroker fined for insider trading

Jul 08 2019

NAIROBI, July 8 The former head of one of Kenya's biggest stockbrokers has been fined 2.5 million shillings ($24,354.60) by the market regulator for sharing price sensitive information with two traders, the watchdog said on Monday.

Explainer: Africa to decide on free-trade zone: what’s at stake?

Jul 04 2019

NAIROBI African leaders will decide on Sunday which nation will host the headquarters for a continental free-trade zone that aims to eventually unite the continent's 1.27 billion people and its $3.4 trillion nominal gross domestic product.

Bob Collymore, the Safaricom CEO who connected with Kenyans

Jul 01 2019

NAIROBI When Bob Collymore, the CEO of Kenya's Safaricom , wanted to know about his poorest customers, he would catch a local bus or walk around Kenya's slums with a prominent anti-corruption activist. | Video

CEO Collymore, who built Safaricom into $11 billion telco, dies of cancer

Jul 01 2019

NAIROBI Bob Collymore, the chief executive who helped to turn Safaricom Plc into East Africa's most profitable company with an $11 billion valuation, has died after a nearly two-year long battle with cancer. | Video

UPDATE 2-Kenyan shilling weakness not linked to bank note plan - cbank

Jun 20 2019

NAIROBI, June 20 Kenya's central bank governor said on Thursday he was not concerned by this month's falls in the shilling and the weakness was not linked to plans to invalidate the old 1,000 shilling note.

Kenyan parliament will block repeal of rate cap, lawmaker says

Jun 17 2019

NAIROBI, June 17 Kenya's parliament will block an attempt to repeal a cap on commercial lending rates, the lawmaker who sponsored the law imposing the cap said on Monday.

UPDATE 4-Kenya to raise capital gains tax to shore up revenues

Jun 13 2019

* Tanzania and Uganda raise spending (Updates with MP arrested for assault, walkout of female MPs)

China ready for trade talks with East Africa bloc: ambassador to Kenya

Jun 10 2019

NAIROBI China is ready to negotiate a trade deal with the six-nation East Africa Community (EAC) to address Kenya's complaints about a huge trade imbalance in favor of the Asian economic giant, China's ambassador to Nairobi told Reuters.

UPDATE 2-Kenya's 'stabilising hand' c.bank chief gets second term

Jun 06 2019

NAIROBI, June 6 Kenyan Central Bank Governor Patrick Njoroge has been given a second and final four-year term in the job, as President Uhuru Kenyatta opted for continuity in the face of a private sector credit crunch and pressure to reduce government borrowing.

Kenya's central banker warns about impact of illicit flows

Jun 03 2019

NAIROBI, June 3 Kenya needs to urgently stamp out an upsurge of suspicious transactions in its financial sector that imperil future commercial activities and economic growth, Patrick Njoroge, the central bank governor, said on Monday.

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