Category Archives: kenyaNews

UPDATE 1-Kenya Pipeline Company’s CEO arrested over loss of funds

NAIROBI, Dec 7 (Reuters) – Kenya has appointed an acting
chief executive to the state pipeline company KPC after five of
its senior executives, including the CEO, were arrested in
connection with the loss of funds at the firm, the latest move
to crack … Continue reading

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Kenyan shilling firms on liquidity tightness

NAIROBI, Dec 7 (Reuters) – The Kenyan shilling firmed
against the dollar on Friday due to tightening liquidity in the
money market as banks sold dollars to meet shilling reserve
requirements, traders said.
At 1224 GMT, commercial banks quoted the … Continue reading

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Kenya Pipeline Company’s CEO arrested over loss of funds

NAIROBI, Dec 7 (Reuters) – Kenya has appointed an acting
chief executive to the state pipeline company KPC after five of
its senior executives, including the CEO, were arrested in
connection with the loss of funds at the firm, the latest move
to crack … Continue reading

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India’s Oct tea output drops 3.7 pct y/y-Board

MUMBAI, Dec 7 (Reuters) – India’s October tea production
fell 3.7 percent from year ago to 176.44 million kg as plucking
dropped in top producer north-eastern Assam state, the state-run
Tea Board said on Friday.

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Kenya’s NIC Bank shares surge 32 pct on merger talks with CBA

NAIROBI, Dec 7 (Reuters) – Shares in Kenya’s NIC Bank
surged 32.45 percent to trade at 30 shillings ($0.2930)
on Friday, a day after the announcement of merger talks with
Commercial Bank of Africa.
($1 = 102.4000 Kenyan shillings)
(Reporting by Duncan … Continue reading

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UPDATE 1-Kenyan finance minister welcomes NIC Bank, CBA merger talks

NAIROBI, Dec 7 (Reuters) – Merger talks between NIC Bank
and Commercial Bank of Africa were welcome, because a
deal would help strengthen the financial sector, Kenya’s finance
minister said on Friday.

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Kenya’s finance minister welcomes NIC Bank and Commercial Bank of Africa merger talks

NAIROBI, Dec 7 (Reuters) – Kenya’s Finance Minister Henry
Rotich said on Friday that he welcomed merger talks between NIC
Bank and Commercial Bank of Africa as it would help
strenghten the financial sector.

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UPDATE 2-Kenya’s NIC Bank and Commercial Bank of Africa to explore merger

NAIROBI, Dec 6 (Reuters) – Kenya’s NIC Bank and
Commercial Bank of Africa will hold talks on a potential merger,
to combine their separate expertise in retail and corporate
banking, they said in a joint statement on Thursday.

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Kenya’s NIC Bank and Commercial Bank of Africa to explore merger

NAIROBI, Dec 6 (Reuters) – Kenya’s NIC Bank and
Commercial Bank of Africa will hold talks on a potential merger,
they said in a joint statement on Thursday.

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WEEKAHEAD-AFRICA-FX-Zambian kwacha seen firm, Ugandan shilling weak

LUSAKA, Dec 6 (Reuters) – The Zambian currency is likely to
firm in the coming week as companies sell dollars to pay
salaries and other month-end dues, while Ghana’s cedi is seen
flat on expected offshore inflows.

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