Super Rich Turn to Residential Real Estate to Grow Wealth- Survey
The appetite for residential real estate as investment vehicles among Kenya’s rich population is on the rise compared to preference for commercial property. “The majority of respondents identified investment as [...]
East African Cables Plc Cuts Net Losses to KSh 301.9Mn
East African Cables Plc, which has subsidiaries in Uganda, Tanzania, Rwanda, Burundi, South Sudan, and the Democratic Republic of Congo, registered a net loss of KSh 301.9 million at the [...]
Agritech Startup iProcure Placed under Administration
Agritech startup iProcure, which raised millions of dollars in funding, was placed under administration on April 26, the administrator said in a notice published in local dailies on May 1st. [...]
TotalEnergies Marketing Kenya Net Profit Hits KSh 3.02 Billion
TotalEnergies Marketing Kenya Plc's net profit increased to KSh 3.02 billion in 2023 from KSh 2.44 billion in 2022 despite a decline in global oil and gas prices and a [...]Flame Tree Group Net Losses Fall to KSh 74.7m
Flame Tree Group, a manufacturer and distributor of plastic products and fast-moving consumer goods, recorded a net loss of KSh 74.4 million in 2023, an improvement from a net loss [...]Bitcoin Miner Marathon Digital to Re-looks Kenya's Cryptocurrency Regime
The Kenyan government has invited a consultant to re-look into the cryptocurrency regime, signaling a shift from the hardline position Central Bank of Kenya (CBK) has been holding over digital [...]NSE Market Capitalization Hits KSh 1.8 Trillion in Q1 2024-CMA Report
The Nairobi Securities Exchange(NSE) recorded an increase in market capitalization by 22.79 percent to KSh 1,766.95 billion by the close of Q1 2024, up from KSh 1,439.02 billion in Q4 [...]CBK Seeks KSh 25Bn in 10yr T-Bond Sale
CBK (Central Bank of Kenya) has floated a 10-year Treasury Bond as it seeks KSh 25 billion that the Government requires to support the financing of its 2023/24 budget. This [...]Standard Chartered and Visa Link APIs for Seamless Transactions
Visa will directly process transactions and payments made by Standard Chartered customers eliminating inconvenient and costly intermediaries after the two financial entities agreed to partner. We are delighted [...]Canadian Firm Launches Takeover Bid for East African Packaging
East African Packaging Industries (EAPI) minority shareholders have received a new takeover offer from majority shareholder Canadian Overseas Packaging Industries (COPIL), which is seeking to acquire total control of the [...]CBK Weekly T-Bills Auction Undersubscribed for the First Time in Months
The Central Bank of Kenya (CBK) Weekly Treasury Bills Auction underperformed for the first time in 8 months. Bids received by the fiscal agent at this week’s auction amounted to [...]Tax Amnesty Nets Additional KSh 6bn Since February
More than 500,000 Kenyans have paid a total of KSh 20.8 billion in principal taxes, up from KShs 14.5bn in February, as the June tax amnesty deadline approaches, according to [...]
