Tea Prices Fall Short of Sell Reserve Price at Mombasa Auction
Tea prices at the Mombasa auction held below the set minimum price as demand remains subdued at the weekly trading with the onset of summer in key export markets. The [...]
AfDB to Give Ksh 17.5 Billion Loan for Construction of Nairobi-Nakuru Highway
The African Development Bank (AfDB) is set to lend Ksh 17.5 billion towards the construction of the Nairobi-Nakuru highway, making it one of the ten financiers lining up to fund [...]Price of LPG Cooking Gas to Drop as MPs Endorse Proposal to Slash VAT
Members of Parliament have endorsed a proposal to amend the proposed amendment to Finance Bill 2022 to slash the Value Added Tax on LPG gas from 16 per cent to [...]KCB Group picks Rosemary Koech as Data Protection Officer
KCB Group has headhunted Rosemary Kimwatu Koech as its Group Data Protection Officer, leaving her position at Safaricom as its public officer manager. Before that, Ms Koech was Head of [...]
NSE Shareholders Approve KSh 1.00 per share Final Dividend
NSE Shareholders resolved that the payment of a first and second special dividend of KSh 0.50 per share each, resulting in a total special dividend of KSh 1.00 per share [...]KCB Group Re-Elects Two Directors At its 51st AGM
KCB Group Plc held its 51st Annual General Meeting(AGM) on 3rd June 2022, where shareholders re-elected Lawrence Njiru and Andrew Kairu (Chairman of the KCB Board). This is after these [...]NSE Weekly Equity Turnover Falls 44.99% to KSh 2,326.78M
NSE Equity Turnover fell by 44.99% to KSh 2,326.78m from KSh 4,229.40m in the preceding week. The bonds market decreased by 25.82% to close the week at KSh 10,653.74m from [...]Central Bank Denies that Kenya has Dollar Shortage
The Central Bank of Kenya Governor Dr Patrick Njoroge has said there is sufficient foreign currency to meet demand, brushing off manufacturers who warned a shortage of dollars affects their [...]Kenya to Receive $170 Million AfDB Loan for Budgetary Support
Kenya is set to receive Sh19.8 billion ($170 million) loans from the African Development Bank (AfDB) this year. The loan is meant for budgetary support and agriculture to help the [...]SWVL Shuts Commuter Services, Citing Tough Economic Times
Egyptian bus-hailing service Swvl has announced plans to shut its intra city rides in the country effective Friday, June 3, citing tough economic times. The firm which has operated since [...]Safaricom and Visa Launch M-Pesa GlobalPay Visa Virtual Card
Safaricom and Visa, the global leader in digital payments, today introduced the first M-PESA GlobalPay Visa Virtual card. The launch of the new M-PESA Visa virtual card opens global shopping [...]Catherine Muraga to Replace Jack Ngare as Microsoft’s ADC Managing Director
The African Development Centre (ADC), Microsoft’s premier engineering hub, has announced the appointment of Catherine Muraga as its Managing Director effective 01 June 2022. Catherine Muraga is a seasoned IT [...]
