British Government's BII Sells 10.13% Stake in IM Group
As such, shareholders of the Company and the public at large are strongly advised to exercise caution when dealing with the shares of IM Group Plc during this period of transition, reads the statement.
Sasini Issues Profit Warning, Cites Recession in Key Markets
Macadamia and avocados contributed nearly a third of the Sasini’s net profit posted in 2022, which shows the potential of the two crops in lowering the contribution of coffee and tea in total revenue.
Ruto Hands Private Sector Lifeline on Pending Bills
President William Ruto has inaugurated a pending bills committee to verify bills owed to suppliers by counties, national government and state agencies amounting to Sh640 billion for payments. The committee [...]Our Debt Levels are Sustainable, Kenya Says.
The government has moved to address concerns that it might default on its debt obligation with questions around the maturity of Eurobond mid-2024. Deputy Central Bank of Kenya Governor Susan [...]CBK Cautions Against Unlicensed Money, Value Transfer Services
The Central Bank of Kenya has warned against dealing with entities and persons providing money or value transfer services without a license or authorization from CBK. This follows reports that [...]Erratic Rainfall, Insecurity Suppress Cereal Production in East Africa
Erratic rainfall and insecurity are keeping cereal production in East African region at below-average levels, the Food and Agriculture Organization (FAO) has warned. According to FAO’s Crop Prospects and Food [...]Longhorn Publishers to Delay Publication of End-Year Results
Longhorn is having its share of accounting issues at a time when banks in Kenya are also grappling with the International Financial Reporting Standard (IFRS) 9.
Dutch firm Opens New Cold Storage in Nairobi
Beemsterboer Coldstore Services (BCS), a Dutch-based firm, has opened a cold store in Nairobi with space for 4,000 pallets. Besides these new premises in Nairobi, the Dutch firm has been [...]Weak Business Confidence Diminishes Job Prospects in October: PMI Survey
The business confidence in Kenya remained weak in the month of October largely affected by rising cost of living linked to new fuel prices and the ongoing currency weakness. According [...]CBK Accepts Bids Worth KSh 23.7 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) received bids worth KSh 24.7 billion at the weekly treasury bills auction, an oversubscription of 102.8%, out of KSh 24 billion on offer, and accepted [...]SMEP Microfinance Sells 51% Stake to US Organization
The Central Bank of Kenya (CBK) has announced the acquisition of 51 percent of the shareholding of SMEP Microfinance Bank PLC (SMEP MFB) by HOPE Advancement Inc. (HOPE). Prior to [...]CBK is Committed to Green Finance-Governor Dr Kamau Thugge
Central Bank of Kenya(CBK) Governor Dr. Kamau Thugge has disclosed that to make Kenya a green finance hub, the monetary authority has embarked on a second phase of reforms that [...]
