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Why the IMF has taken away Kenya’s Emergency loan and why it matters

Bloomberg has reported that the International Monetary Fund withdrew Kenya’s access to a $1.5 billion standby loan in June. The newswire quoted IMF country representative Jan Mikkelsen who said that adjustments that were needed to...
Sterling Capital

Sterling Capital seeks SME targets with new private equity fund

Investment Bank Sterling Capital has bought 20 percent stake of an SME private equity fund Afvest, targeting deals below Sh500 million. Many private equity funds manage over Sh10 billion and therefore have a bias to...

Sale of Imperial Bank set to rekindle fight between regulator and former shareholders

Some insiders are speculating on the sale of Imperial Bank with expectations that fellow Ismailia lender Diamond Trust Bank will acquire it in a deal similar to State Bank of Mauritius Chase Bank take...
Markets

NSE turns corner as foreign investors slow down share sale

Foreign investors continued to sell off shares in the capital markets in March although at a slower pace. According to Standard Investment Bank’s monthly report, by March 18 an average of Sh1 billion moved out...
KenolKobil Shares

Oil Marketer KenolKobil set to list employee shares

KenolKobil shares may decline to Sh13 following a move to list new ordinary shares under the Employee Share Option Plan (ESOP). Read also: New proposals to attract listing at the NSE Will local investors save...

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