OLX: Reality of an online market that is too small for too many players

The underbelly of e-commerce platform has hit OLX operations in Africa which is forced to fire workers and close offices in Kenya and Nigeria to stay afloat. A notice of termination to staff has been issued with exits expected to begin in March, followed by for the management team in …

KCB wins four awards at Industry Sustainability Awards

KCB Group took four awards during the Sustainable Finance Catalyst Awards 2017 this morning, highlighting the Bank’s leadership role in driving the sustainability agenda in the East African region. The Bank emerged the Best Bank for Best Practice in Sustainable Finance (Tier 1 Banks) and was Second Overall Winner in …

Opinion: Re-imagining banking in 2018 and beyond

By Joshua Oigara Justifiably, 2017 was a year that can be summarised in three words: uncertain, changing and challenging. Looking at the East African region in the last year, economic conditions deteriorated largely in Kenya and South Sudan, with the rest of the countries closing the year with a not …

Pilots association protests detention of two Kenyan pilots in South Sudan

A pilots association has protested the detention of two Kenyan pilots in South Sudan after their plane was involved in an accident. The Kenya Airline Pilots Association (KALPA) said that it was concerned by the continued detention of two Kenyan Pilots following an accident involving a Cessna Caravan aircraft, 5Y …

Market remains unscathed, as turnover rises to Sh1.2billion

Daily Market report: Jan 30, 2018 The Nairobi Securities Exchange (NSE) defied a highly polarized political day in Nairobi to post growth in the daily trading. There was a mixed performance on the course during Tuesday’s trading on a day that was packed with political action following the controversial swearing of opposition leader …

JP Morgan Chase to open operations in Kenya

The Central Bank of Kenya (CBK) on Friday welcomed the enthusiastic interest shown by international financial institutions in Kenya. The regulator said several institutions have outlined plans to set up, or expand, operations in Kenya, also as a natural hub for serving the African continent. This week, Mr. Jamie Dimon, Chairman, and …