Kenya Receives KSh115Million from UK to fight Drought and Floods
Kenya will receive KSh 115 Million out of a financial package of KSh 2.6 Billion that the UK Government has pledged to support countries in East Africa deal with the [...]
Kenya Shilling hits New Low of 113.49 Against the US$
The Kenya Shilling remained weaker as Central Bank of Kenya(CBK) moved to stabilize the currency. The currency of East Africa’s largest economy fell to 113.61 against the US Dollar this [...]Dr Paula Kahumbu joins NatGeo Board of Trustees
Dr Paula Kahumbu, a renowned conservationist has joined the board of trustees of the National Geographic Society. Dr. Kahumbu is a multi-award winning Kenyan wildlife conservationist and CEO of the WildlifeDirect. [...]Kenya Enters Public Private Partnership to Develop Power Transmission Lines
Kenya has signed a Public Private Partnership(PPP) agreement with Africa50 and Power Grid Corporation of India Limited(POWERGRID) to finance, construct and operate the 400 kV Lessos-Loosul and 200kV Kisumu-Musaga electricity [...]Equity Bank cuts PayPal Withdrawal Settlement Period to 24 hours
Equity Bank has announced a reduction in the duration it takes to settle withdrawals from US-based PayPal, a multinational financial technology company operating an online payments system, from 3 days [...]Bolt Secures KSh80 Billion Funding for Expansion in Eastern Africa
Ride-hailing company, Bolt has secured KSh80.8 investment funding, raising the company's valuation to KSh952 billion. Investors who took part in the funding round include Sequoia Capital, Fidelity Management and Research [...]
US Stock Market closes higher after Powell's remarks
The US Stock market closed higher on Wednesday as the investors digested remarks by Federal Reserve Chair Jerome Powell after his testimony before the United States Senate on Tuesday. Jerome [...]
Oil Prices rise to $ 80.30 per Barrel-CBK Report
Oil prices increased during the week ending January 6th 2022, largely due to improved oil demand. According to the Central Bank of Kenya(CBK) Weekly Bulletin, this is despite concerns about [...]Kenya Inks Six Trade Agreements with China
Kenya and China have sealed six bilateral trade agreements and will also form a joint working group to address trade barriers between the two countries to reduce trade imbalances. The [...]Kakuzi Plc Issues Profit Warning
Kakuzi Kenya Plc, a leading agro-processing firm listed both at the Nairobi Securities Exchange(NSE) and London Stock Exchange, has issued a profit warning notice and cautionary statement to investors and [...]Video; The Best Performing SP 500 Stocks in 2021
The Standard and Poor's 500, (SP 500) a stock market index that tracks the performance of 500 large companies listed on stock exchanges in the United States was up by [...]Kenya Upgrades its Real-Time Payments Infrastructure
Kenya has upgraded its real-time payments infrastructure, placing the Country as one of the first countries in Africa to start running an ISO 20022 instant payments system with modern micro-services [...]
