Express Kenya net losses rise to KSh 82.9M
Express Kenya losses rose to KSh 82.9m in 2021 from a net loss of KSh 30.7m in 2020, according to the company’s annual report and consolidated financial statements for the [...]
Kenya's Inflation Rises to a 2-Year High of 7.1% in May as Food Prices Soar
Kenya’s inflation accelerated to a new two-year record of 7.1 per cent in May as the cost of food and beverages continues to rise sharply partly affected by the war [...]
Sanlam Narrows its Losses to Ksh 542 Million in 2021
Sanlam Kenya narrowed its loss to Sh542 million in 2021 compared to a loss of Sh626million in 2020 majorly attributed to increased premium income. The firm has been undertaking revenue [...]KQ Introduces Cashless System at Mombasa and Kisumu Airport
Kenya’s national carrier, Kenya Airways (KQ) has announced that it will implement an exclusively cashless system effective June 1 2022 at the Moi International Airport (Mombasa) and the Kisumu International [...]EABL Set to Construct a Ksh 1 Billion Microbrewery in Ruaraka.
The East African Breweries Plc (EABL) has commissioned the construction of a Sh1billion microbrewery that will serve as an innovation centre for alcoholic and non-alcoholic beverages. The facility next to [...]Safaricom Investment Co-op to Construct KSh 750m Housing Project
Safaricom Investment Co-operative plans to construct a KSh 750 m housing project in Ruaka, Kiambu. The Miran Residence is a three-acre urban development that will comprise 450 housing units, each [...]KAM Raises Concern over Dollar Shortage
Kenya Association of Manufacturers(KAM) has raised the red flag over the shortage of US dollars in the market and the impact on local industries. In a statement, KAM said the [...]East Africa Faces Food Shortage After Failed Rains
East Africa is facing a threat of starvation following four failed rainy seasons, says a joint alert issued by humanitarian partners and metrological agencies. These organizations warn that the situation [...]Central Bank Hikes Key Rate for the first time in nearly 7 Years
The Central Bank of Kenya top organ, the Monetary Policy Committee (MPC), on Monday May 30th 2022, raised the benchmark rate for the first time since July 2015. The MPC [...]NSE Equity Turnover Drops to KSh 123m
NSE daily equity turnover declined on the first day of this trading week to KSh 123 m on 5m shares compared to KSh 324m on the sale of 14m shares. [...]US Set to Pursue Other Means of Trade with Kenya Despite the Delayed Free Trade Deal
The US government is looking beyond a delayed trade deal with Kenya to expand commercial ties between the two countries amid Nairobi’s mounting frustration with Washington's slow pace to conclude [...]High Prices Push Traders away at the Mombasa Tea Auction
Traders at the Mombasa tea auction are side-lining expensive Kenyan tea because of the reserve price of $2.43 (Sh283) per kilogramme set by the government, leading to huge withdrawals of [...]
