CBK Accepts KSh 22.9B at Weekly T-Bills Auction
The CBK received bids worth KSh 27.9 billion at the weekly treasury bills auction, an oversubscription of 116.30%, with the state fiscal agent accepting KSh 22.9 billion. The most attractive [...]
Mastercard Inks Deal with Opay to Grow Digital Payments
Mastercard and fintech firm OPay have announced a strategic partnership which will open up digital commerce to millions of people across Middle East and Africa. The collaboration enables OPay consumers [...]
Madison Announces Plans to Quit the Annuity Business
Madison Life Assurance Kenya Limited has announced plans to sell properties valued at KSh8 billion and quit the annuity business, seeking to restructure its balance sheet and boost capital. The [...]
NSE Daily Equity Turnover Declines to KSh 317m
The NSE Daily Equity Turnover declined marginally to KSh 317m from the previous sessions KSh 327m; the number of shares traded stood at 12m against 14m posted on Wednesday. NSE [...]Victory Farms Secures $5M for Expansion
Victory Farms, Kenyan aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. The investment was led by Ed [...]Kenya to Improve Trade Ties in Switzerland as President Kenyatta is Set To Open New Chancery in the Swiss Capital
President Uhuru Kenyatta is set to opena new chancery in the Swiss Capital of Bern to enhance trade tries between Kenya and Switzerland. Speaking ahead of President Kenyatta’s official visit [...]Private Sector Lending Grows to a 5 year High of 10.8%-CBK
Data published by the Central Bank of Kenya (CBK) revealed total claims on the private sector to commercial banks had increased to Sh3.26 trillion in March 2022 pushing the private [...]Podcast; Safaricom CEO Peter Ndegwa on 2022 Earnings, Ethiopia, M-PESA and the Future
Safaricom PLC on Thursday last week reported its full-year earnings for the period ended 31st March 2022. I had the opportunity to chat with the telco's CEO Peter Ndegwa where [...]
Wheat Prices Rise to Record High after India’s Export Ban
The price of wheat jumped on international markets after India banned the exportof the staple cereal saying it has stopped the exports of its wheat to the world market to [...]Hisa Joins NVIDIA Inception
Hisa is today excited to announce its selection to join NVIDIA Inception, a programme designed to nurture startups revolutionizing industries with advancements in artificial intelligence (AI) and data science. NVIDIA [...]Zuri Health Raises $ 1.3M for Expansion Across Africa
Zuri Health, the digital healthcare providing affordable healthcare via mobile, has raised $ 1.3 Million for expansion across Africa. Participants in this seed round funding include DOB Equity, Launch Africa [...]Liquid Telecom Gets $220M from UK to Improve Internet Access
Liquid Telecommunications Kenya Limited has received financing worth $ 220 million from British International Investment(BII), UK's development finance institution, to improve access to quality internet service in Kenya. According to [...]
