Browsing All Posts published on »December, 2011«

SME’s to list at NSE by June 2012-CMA

December 16, 2011

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Press Release The Board of Capital Markets Authority (CMA) has approved the Regulatory Framework that will establish a listing segment for small and medium enterprises (SME). The Authority developed the policy and regulatory framework in conjunction with the Nairobi Securities Exchange (NSE) and the Central Depository and Settlement Corporation (CDSC). The introduction of the Growth […]

Are these the banks responsible for arbitrage?

December 14, 2011

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In June 2011, the Central Bank of Kenya accused some five banks of hoarding and exporting huge amounts of the currency, which indicated possibility of arbitrage practices. However, when he appeared before a parliamentary select committee investigating the fall of the shilling recently, Prof Njuguna Ndung’u denied ever making the claims adding that all the […]

CBK statement raising CBR by 150 basis points

December 2, 2011

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PRESS RELEASE MONETARY POLICY COMMITTEE MEETING 1ST DECEMBER, 2011 SUSTAINING MONETARY POLICY DIRECTIONS TO FIGHT INFLATION The Monetary Policy Committee met on 1st December, 2011 to assess the economy‚Äôs response to its previous monetary policy decisions and the economic developments since its last meeting. Although inflation in November 2011 had continued to rise, the rate […]