Kenyan bank shares fell sharply at the start of trade on Thursday after the country's president signed a law capping commercial banks' interest rates.

Kenya is working on rules to tighten controls on the trading of shares of private companies over the counter — where companies opt to list at the Nairobi Securities Exchange without selling new shares.

The Information, Communications and Technology (ICT) sector is expected to have a new National ICT Policy in the next 30 days once a review of the 2006 policy is complete. ICT Cabinet Secretary Joe Mucheru says the new policy will create an enabling environment that will allow a lot of ICT companies to list at the Nairobi Securities Exchange (NSE).

Nairobi Securities Exchange (NSE) listed financial services firm Pan Africa Insurance Holdings Limited has rebranded to Sanlam Kenya Plc.