Online global forex and contracts for differences (CFDs) broker Pepperstone have entered the Kenyan forex trading market. Pepperstone Group’s subsidiary, Pepperstone Markets Kenya Ltd, secured a non-dealing Foreign Exchange Broker License from the Capital Markets Authority of Kenya. “We’re extremely excited by the opportunity to bring world-class trading platforms, execution, and pricing to the vibrant retail and institutional forex market in Kenya,” Pepperstone Kenya CEO, Sahil Patel said in an official statement. “Having traded for international banks over the past decade, I am pleased to offer the same level of product sophistication, pricing, analysis, and execution to retail investors as…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Pan-African housing development financier Shelter Afrique has approved the development of Kinyinya Park Estate project in Rwanda. This is a 10,000 integrated and sustainable housing project. The project is in partnership with Rwanda Social Security Board (RSSB), Ultimate Developers Limited (UDL), Development Funding Institution (DFI), Eastern and Southern African Trade & Development Bank (TDB), The Development Bank of Rwanda(BRD) and an internationally acclaimed large scale Engineering, procurement and construction (EPC) Contractor. The Kinyinya Park Estate project is Shelter Afrique’s second large-scale housing development project in Rwanda after the Company commissioned 3000 affordable housing units in Rugarama Park Estate in Kigali…
Co-operative Bank Group shareholders are set to receive Ksh 5.9 billion hefty dividends which translate to Ksh 1.00 per share for the 2019 fiscal year. This follows the conclusion of its 12thAnnual General Meeting (AGM) held virtually Tuesday. Co-op Holdings Co-operative Society, the 64.5 percent strategic shareholder will receive a dividend of Kshs 3.79 Billion. The bank has maintained a solid dividend track record on the back of sustained profitability over the years. According to the lender, its 2019 financial performance was remarkable with the Bank reporting a profit before tax of Sh20.7 Billion, a 14 percent increase from the…
Kenya’s Commercial Court Judge Francis Tuiyott gave a restraining order to creditors’ intention to sell assets of struggling retailer Tuskys Supermarket. Through their lawyer, advocate Patrick Ogola, the retailer under a certificate of urgency sought orders against the continued attachment of its properties and freezing of its accounts by various creditors. “Having read the affidavit of Patrick Ogola sworn on October 16 2020, I hereby order a stay of any attachment, sequestration, distress or execution against the property of the company pending directions that are to issued on 27th October 2020. However this order does not affect Greenspan Ltd,” Justice…
Francis Kimanzi and his entire technical bench, consisting of assistant coach Zedekiah Otieno and goalkeeping coach Lawrence Webo have parted ways with Harambee Stars with immediate effect. This is according to Football Kenya Federation (FKF) who said their departure was by mutual consent. “The Federation is immensely grateful to coach Kimanzi and his departing members of staff that include assistant coach Zedekiah Otieno and goalkeeper trainer Lawrence Webo for their exemplary work, dedication, and unrivaled professionalism, which has strengthened Kenya’s chances of qualifying for the Afcon 2022 final tournament.” FKF says it will unveil a new coach on Wednesday. The…
Nicholas Mwendwa retained the Football Kenya Federation chairmanship after he garnered 77 votes during the FKF national elections held Saturday at Safari Park, Nairobi. His closest challenger Lordvick Aduda got five votes. Herbert Mwachiro garnered three votes while Bonface Osano and Daniel Mule didn’t get a single vote. “77 votes. 7 is the number of completeness and perfection…symbolizing everything positive and valuable. 77 is complete completeness! Mwendwa Tweeted Sunday. “…This clearly shows that the delegates have more confidence in me, better than they did four years ago.” In 2016, he won by 54 votes out of the 78 cast defeating…