Nairobi Coffee Exchange to Admit 5 Capital Markets Licensed Brokers
The Nairobi Coffee Exchange (NCE) is set to accept the five brokers licensed by the Capital Markets Authority (CMA), reversing an earlier decision in which the exchange resisted their admission [...]
TransCentury to Restructure KES 5.2 Billion Loans After Initial Term Debt Default
TransCentury, an investment firm, is working with its major shareholder Kuramo Capital and other creditors, including Equity Bank, to reorganize loans totalling KES 5.2 billion after failing to meet the [...]KRA Earns KES 174 Million from Digital Service Taxes
The Kenya Revenue Authority (KRA) collected KES 174 million from digital service taxes during the six months leading up to December 2022. The revenue comes from digital service providers like [...]Kenya’s economy projected to slow down at 5% in 2023
Kenya’s economy is expected to remain subdued in 2023, growing at a projected 5%, pulled down by a persistent rise in commodity prices, global events and a high risk of [...]
Foreign Investors' Outflows at the NSE Decline to KES 4.87 Billon in Q4 2022- CMA Report
Foreign investors who account for a significant contribution to equities turnover shied away from the Nairobi Securities Exchange (NSE) as they chased yields in safer jurisdictions, the CMA Market soundness [...]
CMA Extends Licence for Nairobi Coffee Exchange
The Capital Markets Authority (CMA) has extended the in-principle approval granted to the Nairobi Coffee Exchange (NCE) to continue operating as a coffee exchange to April 30, 2023. The approval [...]Treasury Set to End KQ Bailouts by December 2023
The government of Kenya is planning to develop a financing plan for Kenya Airways (KQ) that will end the use of taxpayer money to support the operations of the loss-making [...]Treasury Reveals Plans to Track M-pesa Transactions in Bid Raise Revenue to KES 2.8 Trillion
National Treasury aims to increase revenue collection to KES 2.8 Trillion in the 2023/24 financial year by integrating the Kenya Revenue Authority's (KRA) tax system with telecommunications companies and the [...]Steel Prices Rise Globally by 30% Following Decline in Production
The price of steel and steel-based items used in the construction industry has increased by 30% in the last three months following a fall in global production. As a result, [...]Maize Prices Decline Ahead of February Import Season
Maize prices have eased as farmers rush to sell their produce ahead of next month's opening of the import season. A 90kg bag of maize is currently retailing at KES [...]How Can You Stock Up On High-Quality Delta 8 Flowers?
Delta 8 flowers have taken the cannabis community by storm thanks to their unique properties and effects. While Delta 8 THC is less potent than Delta 9 THC, it still [...]Kenyan Fintech Kwara Raises $3M Seed Extension, Signs Deal to Acquire Union Body
Kenyan fintech company Kwara, which helps turn traditional savings cooperatives into modern digital banks, has raised $3 million in seed extension round. The fintech also signed an agreement to acquire [...]
