DHL Global Forwarding Opens New Warehouse in Mombasa
DHL Global Forwarding (DGF) has opened a new transit warehouse in Mombasa, Kenya. The new 7,500 square meter warehouse is designed to support DHL's Regional distribution network in Kenya. Located [...]
FlexPay Raises Undisclosed Amount of Funding for Expansion
Kenyan fintech startup FlexPay has raised an undisclosed amount of funding from the Cairo Angels Syndicate Fund (CASF), seeking to further its growth and help more people avoid debt. “We [...]Car General Half-Year Net Profit Rise 36% to KSh 629M
Car General (Kenya) Limited Plc Net Profit for the first six months of the financial year ended March 2022 reached KSh 629 million from KSh 461 million in H1, [...]
NSE Daily Equity Turnover Ups to KSh 327 Million
The Nairobi Securities Exchange(NSE) increased market turnover to KSh 327 million from the previous KSh 184 million. At the same time, the number of shares traded this Wednesday stood at [...]Public Debt in Kenya Soars to KSh 8.4 trillion
Public debt stock in Kenya grew to KSh 8.4 trillion as of the end of March from KSh 8.2 trillion in December; this is according to new data from the [...]Investors at the NSE to Pay CDSC Ksh 1200 Annually for Upkeep
Investors at the Nairobi securities exchange are set to pay a new Ksh 100 monthly charge on stock market accounts that could see the Central Depository and Settlement Corporation (CDSC) [...]
StanChart Kenya Q1 2022 Net Earnings up 16.7% to KSh 2.8 Billion
StanChart Kenya recorded a Net Profit of KSh 2.8 billion at the end of March this year, compared to KSh 2.4 billion over a similar period last year, an increase [...]Eng. Geoffrey Muli Appointed as Kenya Power's Acting Managing Director
Kenya Power and Lighting Company PLC,has appointed Eng. Geoffrey Wasua Muli as the Acting Managing Director with effect from 17th May 2022 in the place of Eng. Rosemary Oduor who [...]Kakuzi Plc Activates Diversification Plans to Boost Revenue
Kakuzi has set its diversification strategy in motion to boost the listed firm’s revenue streams and add value to shareholders. This disclosure was made by Kakuzi Plc Board Chairman Nicholas [...]NSE Daily Equity Turnover Declines 65.7% to KSh 184M
The Nairobi Securities Exchange(NSE) recorded a decline in equity turnover to KSh 184 million this Tuesday compared to KSh 538 million this Monday, a decline of 66%. The Derivatives Market [...]Central Bank Warns Digital Lenders On Licensing Deadline
The Central Bank of Kenya (CBK) has warned all unregulated digital credit providers(DCPs) that there will no extension to the licensing deadline of September 17th 2022. All previously unregulated DCPs [...]Nairobi Emerges The Only African City in Latest Global Cities Index
Nairobi emerged as the only city in Africa that made the top 45 global cities that posted growth in the last year, this is according to the latest Prime Global [...]
