Bamburi Cement Plc Shareholders Approve KSh 1.3 Billion Dividend Payout
Bamburi Shareholders approved payment of a first and final dividend of KSh 3.58 per share during its 71st Annual General Meeting(AGM), held virtually on 16th June 2022. This is equivalent [...]
SACCOs to Soon have Own Inter-Lending Facility
SACCOs( Savings and Credit Co-operative Societies) that are licensed to collect deposits will soon have a central liquidity facility that allows these societies to lend to each other. This is [...]Traders Begin to Import Maize to Address Shortages
Kenya has begun importing maize to address a biting shortage that has left 3.1 million people in arid and semi-arid lands without enough food. Most of the maize consignment is [...]
Unilever, KCB and Mastercard to Support Cash-Strapped Retailers
Unilever Kenya has pulled resources, in conjunction with KCB Bank Group and Mastercard, to cushion micro-retailers against credit challenges and enable them to serve their customers better. “In these challenging [...]KQ Plc to Hold its 46th AGM in July
Kenya Airways(KQ) Plc has informed its shareholders that the listed firm will hold its 46th Annual General Meeting(AGM) via electronic means on Friday, 8th July 2022. Shareholders of KQ are [...]Kenyan Traders Set to Enhance Exports to China to Boost Revenue
Kenyan traders are keen to enhance their exports to China in order to boost their revenues, the Kenya National Chamber of Commerce and Industry (KNCCI) for Nairobi said. James Odongo, [...]House Prices Decline by 3.99% in Q4 2021 KBA Report
The growth in house prices slowed down in 2021 from a strong uptick recorded during the last quarter of 2020, the latest Kenya Bankers Association Housing Price Index (KBA-HPI) report [...]Kenya Emerges Top 3 Worldremit's Markets in Africa
Kenya has established itself as a market with increased diaspora inflows after a report by global payments company, World remit indicated that it was among the top 3 countries in [...]Kenya's MPost Partners with Yobante Express to Scale Up Door-to-Door Deliveries
Yobante Express, a Senegalese logistics start-up, has finalised a partnership agreement with Kenya’s MPost, start-up where mobile phones are “transformed” into postal addresses. The partnership seeks to enable door-to-door deliveries [...]
Kenya Uganda Sign MoU to Facilitate Fish Exports to DRC
Kenya and Uganda have signed a bilateral agreement that will facilitate the smooth flow of fish exports from Lake Turkana in Kenya, through Uganda, to the Democratic Republic of Congo [...]Russia Ukraine War Slashes Tea Exports by More than KSh598 Million
The Russia Ukraine war cut the tea exports to Russia by more than half a billion in March, highlighting the negative impact that the conflict has had on Kenya’s [...]Tea Auction Records Further Decline in Prices
The weekly Mombasa Tea Auction held on 13th, 14th, and 15th June 2022 had 13.2 million kilograms of tea offered for sale. The amount on offer decreased from 14.3 million kilograms during [...]
