KMRC to Float Second Tranche of its KSh 10.4b Bond in Mid-2023
The Kenya Mortgage Refinancing Company (KMRC) is set to wait until mid-2023 before issuing the second tranche of its KSh10.4 billion medium term notes (MTN). According to KMRC, the delayed [...]
Equity Group CEO Urges for New World Order
Equity Group CEO Dr James Mwangi has said the current world economic and social order is unsustainable and does not inspire trust between businesses and their host communities. Dr Mwangi [...]Uhuru Signs Second Supplementary Bill Allocating Ksh 49.2 Billion to the Fuel Subsidy Fund
The fuel stabilization fund has been allocated an additional Sh49.2billion after President Uhuru signed the second Supplementary Appropriation Bill of 2022(Supplementary budget) into law. The increased allocations will supplement the [...]
Fahari Aviation Partners with EVE UAM for electric Vertical Take-Off and Landing Vehicles in Kenya
Fahari Aviation, a subsidiary of Kenya Airways and EVE UAM have signed a Letter of Intent (LoI) for up to 40 electric Vertical Take-Off and Landing (eVTOL) vehicles. The agreement [...]
IMF to Delay Disbursing KSh28.7 Billion Loan to Kenya
The International Monetary Fund (IMF) Executive Board is set to delay its approval to disburse a KSh28.7 billion loan to Kenya. While the country had hoped to get the board’s [...]NSE Daily Equity Turnover Rises to KSh 537m
NSE Daily Equity Turnover rose to KSh 537Million from the previous session KSh44.7Million; the number of shares traded stood at 22.7Million against 2.99Million posted yesterday. The NSE 20 share Index [...]Money in Circulation Spikes as Kenya Heads to the August Polls
Money circulating outside the formal monetary system slid to a new low of KSh252 billion in April as the clock ticks toward Kenya's August general elections, where spending by politicians [...]Maize Flour Prices pass the Ksh 200 Mark Amidst Shortages
The price of maize flour has breached the Sh200 mark for a two-kilogramme packet, the highest to ever been witnessed in Kenya’s history with the situation expected to worsen in [...]Keroche Lays off 400 Employees Amidst KRA Closure Over Fresh Tax Disputes
Keroche Breweries has laid off 400 workers after its Naivasha plant was closed down by the Kenya Revenue Authority(KRA). The company was shut down on May 15, after defaulting on [...]Mastercard Signs MoU with KTB to Boost Tourism
Global technology company, Mastercard, has signed a three-year partnership with the Kenya Tourism Board (KTB) which seeks to drive the growth of tourism numbers in Kenya by leveraging various Mastercard [...]Kenya's mTek Secures an Additional $3 Million Funding
Kenyan insurtech startup mTekhas secured an additional $3 million investment through both debt and equity fromAfrican-focused fintech platform, Finclusion Group. The investment seeks to accelerate mTek’s growth into the Kenyan [...]NSE Daily Equity Turnover Declines to Ksh 44.7 Million
TheNairobi Securities Exchange (NSE)recorded a slump in the daily equity turnover during today's trading session to Ksh 44.7 million against the Ksh 523 million that was recorded during Friday's trading [...]
