Kenya EU Seal Trade Deal
Kenya and the European Union (EU) have sealed an Economic Partnership Agreement, opening up duty-free and quota-free access for all Kenya's exports to the US$ 18 trillion EU market. The [...]
NCBA Group Acquires Insurer AIG Kenya
NCBA Group has announced the completion of its 100% acquisition of AIG Kenya Insurance Company Limited (AIG Kenya) from its parent company AIG Group, Inc. NCBA plans to tap into [...]Investors Get 45 Day-Window as Stanlib Kenya Fund and REIT Managers Wind Down
The public has a 45 day window to raise any unresolved and outstanding issues with Stanlib Kenya Fund and Reit Managers, Capital Markets Authority (CMA) has advised. “It is notified [...]World Bank Blacklists Ernst Young Kenya from its Projects
The Kenyan unit of global consultancy and professional services firm Ernest Young will miss out on World Bank Group financed projects for the next 30 months in a settlement [...]Shilling Remains Stable Despite Political Upheaval
Last week, the shilling weakened marginally against the US Dollar closing the week at 129.5 from 128.6 the previous week. “The successful partial refinancing of the Kenya 2024 Eurobond delivered [...]Inflation Drops to 4.6 Per Cent in June-KNBS
Headline inflation dropped to 4.6 per cent in the month of June after remaining stable in the previous two months at 5 per cent, a new survey from the Kenya [...]Starlink on the Race to Cheapen Product as Kenyans Search for Alternatives
Amidst the anti-government protests in the country, Kenyans have realized that traditional internet infrastructure is susceptible to state disruption and thus unreliable. The largest Telco, Safaricom, was blamed for acquescing [...]Kapchorua Tea Kenya Profits Up 27% to KSh 399 Million
Kapchorua Tea registered a 27% year on year increase in Profit after Tax (PAT) to KSh 399.4 million from KSh 314.5 million in the financial year ended 31st March 2024. The [...]Williamson Tea Profit Declines to KSh 526.9 Million
Williamson Tea Kenya has reported a decline in its full year financial result ending 31 March 2024 from KSh 564.2 million realized during the same period last year to KSh [...]China's EV Manufacturer, Neta Enters Kenyan Market
Chinese EV models are looking forward to expanding their influence in the African market, with the latest entry being Neta which signed a deal with auto distributor, Moja EV Kenya, [...]Banks, Lenders Need Treasury Approval to Raise Interest Rates- Supreme Court
In a landmark ruling with far reaching consequences for banks and other lending institutions, the Supreme Court has affirmed an earlier decision that a bank should seek approval from Treasury [...]Special Offers Lifted Q323 Mobile Voice Traffic to 25.2Bn Mins-CA
Consumers benefited from promotions and special offers for mobile voice services resulting in an increase in mobile voice traffic in third quarter of 2023, according to statistics by the Communications [...]
