Companies listing by introduction on the Nairobi Securities Exchange will start enjoying tax holidays following amendment to the Income Tax Act.

Moody's Investors Service has today assigned first-time ratings to Kenya Commercial Bank Limited (KCB): B1/Not Prime global local and foreign currency issuer ratings; B1/Not Prime local-currency deposit ratings; B2/Not Prime foreign currency deposit ratings (constrained by Kenya's B2 country ceiling for such foreign currency deposits); and a b1 standalone baseline credit assessment (BCA) and b1 adjusted BCA. The outlook on the long-term issuer and deposit ratings is stable. Moody's also assigned a Counterparty Risk Assessment (CR Assessment) of Ba3(cr)/Not Prime(cr).

Sisal grower Rea Vipingo Plantations has announced it is no longer listed on the Nairobi Securities Exchange (NSE) E effectIVE September 17.

Kenya's Nairobi Securities Exchange has delayed the roll out of a derivatives market to this quarter from the earlier target date of the second quarter to adequately prepare the market for the launch, it said on Wednesday.