BusinessDailyMoney Markets /-/539552/539552/-/4mvsag/-/index.html Uchumi investors face longer wait for bourse trade http://www.bdafrica.com/-/539552/878740/-/6ckiaq/-/index.html Investors whose money is locked up in Uchumi Supermarkets will have to wait much longer to trade their shares at the Nairobi Stock Exchange after the Capital Markets Authority maintained the retail chain’s application would be treated as a fresh listing. 2010-03-14T21:00:00Z Citibank boss explains IPO refunds delay http://www.bdafrica.com/Citibank%20boss%20explains%20IPO%20refunds%20delay%20/-/539552/878758/-/14v92n2z/-/index.html Citibank is holding Sh141.6 million belonging to investors who are yet to cash their cheques released after the conclusion of the Safaricom IPO in 2008. 2010-03-14T21:00:00Z IMF sees Africa shunning dependence for trade and prosperity http://www.bdafrica.com/IMF%20sees%20Africa%20shunning%20dependence%20for%20trade%20and%20prosperity%20/-/539552/878874/-/hsmpy3z/-/index.html Dominique Strauss-Kahn, the International Monetary Fund (IMF) managing director, recently visited Kenya as part of his African tour. 2010-03-14T21:00:00Z Bank boosts its defences against fraudsters with Sh76m security solutions http://www.bdafrica.com/-/539552/878746/-/6ckiaw/-/index.html Keen to defend its customers deposits against fraud, Imperial Bank has invested Sh76 million in several products aimed at raising the bank’s defences against business risks. 2010-03-14T21:00:00Z Competition grows with Scangroup’s entry into research http://www.bdafrica.com/Competition%20grows%20with%20Scangroups%20entry%20into%20research%20/-/539552/878752/-/qj1a1u/-/index.html The Sh2 billion research sector is set to become more competitive with the entry of marketing services giant, Scangroup. 2010-03-14T21:00:00Z Weak results push more investors into bonds http://www.bdafrica.com/Weak%20results%20push%20more%20investors%20into%20bonds%20/-/539552/877494/-/12nk8cw/-/index.html An investor shift to the bonds markets is expected to continue following end year results of listed companies falling below market expectations. 2010-03-11T21:00:00Z NBK investors’ wait pays off with bonus share issue http://www.bdafrica.com/NBK%20investors%20wait%20pays%20off%20with%20bonus%20share%20issue%20%20/-/539552/877532/-/woyqcvz/-/index.html The National Bank of Kenya (NBK) is a step away from privatisation after turning a page in its dark past as a poorly run state bank to shake off a pile of accumulated losses and a legacy of bad loans. 2010-03-11T21:00:00Z Banks mull over-the-counter bonds trading plan http://www.bdafrica.com/Banks%20mull%20over-the-counter%20bonds%20trading%20plan%20%20%20/-/539552/877460/-/1l95evz/-/index.html Kenyan banks are considering a move by the Nairobi Stock Exchange allowing them to trade bonds directly. 2010-03-11T21:00:00Z Sh22bn stimulus package set to lift banks’ business http://www.bdafrica.com/Sh22bn%20stimulus%20package%20set%20to%20lift%20banks%20business%20/-/539552/877470/-/raf0qaz/-/index.html Commercial banks expect the release of a Sh22 billion stimulus package to stir up more quality lending opportunities in the private sector. 2010-03-11T21:00:00Z Investing in bonds boosts Pan Africa Insurance’s profits http://www.bdafrica.com/Investing%20in%20bonds%20boosts%20Pan%20Africa%20Insurance%20profits%20%20/-/539552/876726/-/jury2d/-/index.html Investment in long term bonds helped Pan Africa Life Insurance Holdings more than double its investment income in the financial year ending December 2009. 2010-03-10T21:00:00Z Investors to benefit from PTA Bank deal http://www.bdafrica.com/Investors%20to%20benefit%20from%20PTA%20Bank%20deal%20/-/539552/876696/-/sag85sz/-/index.html Small and medium sized enterprises are set to benefit from a Sh3.8 billion ($50 million) loan received by the PTA Bank from a consortium of lenders led by the International Development Bank of Netherlands (FMO). 2010-03-10T21:00:00Z KRA to auction unclaimed cargo at Mombasa port http://www.bdafrica.com/KRA%20to%20auction%20unclaimed%20cargo%20at%20Mombasa%20port%20%20%20%20/-/539552/876688/-/1455rdbz/-/index.html Kenya Revenue Authority (KRA) will auction unclaimed cargo at the port of Mombasa and Container Freight Stations (CFSs) to free the yard and warehouses, and also recover unpaid duty. 2010-03-10T21:00:00Z Uganda insurer’s IPO raises $4.5 million http://www.bdafrica.com/Uganda%20insurer%20IPO%20raises%20$4.5%20million%20/-/539552/876724/-/jdg2le/-/index.html Uganda’s biggest underwriter, the National Insurance Corporation (NIC), raised a better-than-expected 9.5 billion shillings ($4.59 million) from its initial public offering, underscoring growing investor interest in the east African country. 2010-03-10T15:08:36Z Battle lines drawn as gas makers eye carbon dioxide http://www.bdafrica.com/Battle%20lines%20drawn%20as%20gas%20makers%20eye%20carbon%20dioxide%20/-/539552/876108/-/12gyaup/-/index.html The contrasting financial performance of Kenya’s two main gas manufacturers looks set to shape up investments in the gas markets with investor focus turned to Carbon Dioxide. 2010-03-09T21:00:00Z Insurance companies seek new strategies to attract customers http://www.bdafrica.com/Insurance%20companies%20seek%20new%20strategies%20to%20attract%20customers%20/-/539552/876106/-/2l8tiqz/-/index.html Insurance companies are speeding up the search for new distribution channels to cover a bigger market. 2010-03-09T21:00:00Z Toyota finds no flaw with safety electronic system http://www.bdafrica.com/Toyota%20finds%20no%20flaw%20with%20safety%20electronic%20system%20/-/539552/876012/-/d8gnjs/-/index.html Toyota Motor Corp said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems. 2010-03-09T21:00:00Z IMF pushes for insurance on bank deposits http://www.bdafrica.com/IMF%20pushes%20for%20insurance%20on%20bank%20deposits%20/-/539552/876102/-/13ajibg/-/index.html Bank depositors may sleep more soundly if the Kenya government adopts IMF proposals to speed up the introduction of deposit insurance as part of reforms to strengthen the financial sector. 2010-03-09T21:00:00Z Regulator steps up drive for cheaper Internet solutions http://www.bdafrica.com/-/539552/875530/-/6cidqf/-/index.html The international body that assigns internet addresses has urged African countries to expand the reach and affordability of the internet to help improve the economic wellbeing of their citizens 2010-03-08T21:00:00Z SA and Nigeria plan sovereign bonds http://www.bdafrica.com/SA%20and%20Nigeria%20plan%20sovereign%20bonds%20/-/539552/875500/-/i8wp7p/-/index.html South Africa and Nigeria intend to issue sovereign bonds worth $2.5 billion (Sh188 billion), indicating their confidence in the global financial markets that may be emulated by other prospective issuers, including Kenya. 2010-03-08T21:00:00Z Sale of firms renews rivalry among advisers http://www.bdafrica.com/Sale%20of%20firms%20renews%20rivalry%20among%20advisers%20/-/539552/875494/-/q4m6c3/-/index.html The planned privatisation of East Africa Portland Cement Company (EAPCC) and KenGen began to take shape with the invitation of advisers, pointing to a scramble for the contracts among legal and financial advisory firms. 2010-03-08T21:00:00Z Pressure forces IMF to review lending terms http://www.bdafrica.com/Pressure%20forces%20IMF%20to%20review%20lending%20terms%20%20/-/539552/875676/-/5n3dwez/-/index.html The International Monetary Fund (IMF) is ditching its prescriptive fund disbursement method for a quicker, country-specific process. 2010-03-08T21:00:00Z S&L change in strategy spurs profits http://www.bdafrica.com/S&L%20change%20in%20strategy%20spurs%20profits%20/-/539552/875534/-/s1p758/-/index.html Mortgage lender S&L’s change in strategy has paid off after the firm reported the doubling of its pre-tax profits for the year ended December 2009. 2010-03-08T21:00:00Z Africans getting wealthier quickly, says new study http://www.bdafrica.com/-/539552/874364/-/6chmx4/-/index.html Africans are getting wealthier more quickly than previously believed, according to a new study that also suggests the poorest continent’s riches are spreading beyond the narrow confines of its elite. 2010-03-07T21:00:00Z EADB defends sale of former Triton boss’s prime property http://www.bdafrica.com/-/539552/874392/-/6chn0p/-/index.html East African Development Bank (EADB) has defended its selling of a prime Nairobi property belonging to former Triton Petroleum chairman, Yagnesh Devani.  2010-03-07T21:00:00Z Bank completes integration process http://www.bdafrica.com/-/539552/874372/-/6chmxx/-/index.html CfC Stanbic Bank has installed a new core banking platform, Temenos (T24), the last phase in the integration of its operations. 2010-03-07T21:00:00Z