Prime News Kenya

Current Business News in Kenya: Banking | Economics

Nairobi’s matatu stages pose risk to commuters

An estimated 35 per cent of road traffic deaths in Nairobi occur within 20 metres of matatu stages, a new study has shown, highlighting infrastructure design flaws around these sites as well as rogue behaviour by drivers and lack of safety consciousness among pedestrians.

Why Mumias Sugar won't trade on NSE until Q2 2020

Troubled Mumias Sugar Company is unlikely to have its shares back to trading on the Nairobi Securities Exchange (NSE) before the second quarter of 2020 after the markets regulator extended its suspension from the bourse.

Banks pay lowest rates on savings in 36 months

The deposit rates offered by Kenyan banks have hit a 36-month low, reflecting the ongoing impact of the removal of the floor interest rate last year that has seen lenders ride on cheap deposits to grow record profits.

StanChart profit drops marginally to Sh6.2bn

Standard Chartered Bank Kenya's net profit for the first nine months of the year fell marginally to Sh6.22 billion on a reduced income, breaking ranks with another tier I lenders that have booked growth.