CBK seeks KSh 10 Billion in May T-Bonds Tap Sale
The CBK is offering eligible investors an opportunity to participate in a tap sale of two fixed coupon 10-year and 25-year treasury bonds, worth a total of KSh 10 billion. [...]
Stanbic Bank Kenya Net Earnings Up 15.7% to KSh 2.1B in Q1 2022
Stanbic Bank Kenya's Net earnings for Q1 2022 increased to KSh 2.1 billion compared to KSh1.8 billion over the same period in 2021, a growth of 15.7%. The listed lender's [...]EABL Appoints Anne-Joy Michira as Marketing Innovation Director
East African Breweries Limited(EABL) has appointed Anne-Joy Michira as East Africa's Marketing Innovation Director. Before occupying this position, Michira headed the Marketing Department – Beer for Kenya's largest alcohol [...]KAA Certifies Kisumu International Airport to Receive International Flights
The Kenya Civil Aviation Authority (KCAA) has granted Kisumu International Airport (KIA) a a compliance re-certification to receive international flights and landing of wide-body jets. The re-certification, which is valid [...]
Safaricom to Raise $2 Billion for Funding of its Ethiopian Subsidiary
Safaricom has announced plans to raise close to $2 billion from development finance institutions (DFI) and local banks in five years to fund its Ethiopian subsidiary. Part of the funding [...]NSE Equity Turnover Climbs 70.8% to KSh 537.9M
The NSE recorded an increase in daily equity turnover to KSh 537.9 Million on 16.1 Million shares sold this Monday, compared to a turnover of KSh 314.9 Million on 9.9 [...]CMA grants AKN an Investment Adviser License
The CMA has licensed AKN Investments Limited as an investment adviser under the Capital Markets Act and Regulations. The approval brings the number of investment advisors authorized by the Capital [...]Ramco Gets Approval to Buy out Platinum Packaging in Ksh 500 million Deal
Ramco Plexus, an investment holding company for printing and packaging business under conglomerate Ramco has received the regulatory approval to buy out Platinum Packaging in a transaction that sources estimated [...]
Bill to Boost Kenya’s SACCOs Get Cabinet Nod
A Bill that seeks to facilitate licensing and regulation of a Central Liquidity Facility and Shared Services Platform for Savings and Credit Co-operative Societies(SACCOs) has received cabinet approval. This follows [...]Kenya Tightens Avocado Quality Control as Global Demand Rises
Kenya’s Agriculture and Food Authority (AFA) has reviewed the country’s avocado maturity indices and post-harvest handling process to safeguard the export market as global demand for the fruit surges. Kenya [...]Kenya Set to Import Maize Outside EAC to Counter High Maize Flour Prices
Kenya is set to allow maize imports from outside the East African Community to mitigate the current spike in maize flour prices. Currently, maize flour has hit a historic high [...]Foreign Investors Fleet the NSE Resulting in a Kes 294 Billion Monthly Loss
Investors at the Nairobi Securities Exchange (NSE) lost Sh294 billion in a month following a sell-off by foreigners that has pulled down the value of the bourse to a 20-month-low [...]
