HF Group to Hold Virtual AGM on May 20th
Housing Finance(HF) Group has informed its shareholders of the upcoming 56th Annual General Meeting(AGM) to be held on 20th May 2022. Shareholders will consider Dr Benson Wairegi, Ms Constance Gakonyo, [...]
EABL Set to Raise Beer Prices if the Proposed 10% Excise Tax is Implemented
East African Breweries Limited (EABL) is set to increase the prices of its alcoholic products including beers and spirits if the Treasury implements a proposal to raise excise taxes on the [...]
Flour Prices Rise to Kes 148 on Maize Shortage
Consumers are set to pay more for maize flour as the price of the commodity hits an all-time high of kes 148 for a two-kilogramme packet on the shelves due [...]Kenya Seeks Oil from UAE to Ease Fuel Shortage
Kenya is in talks to import 30% of its fuel from the United Arab Emirates (UAE) on credit through the State-owned National Oil Corporation of Kenya (Nock) to curb fuel [...]Bamburi Cement Net Profit Up 27.3% to KSh 1.4B
Bamburi Cement Plc made a net profit of KSh 1.4 billion in 2021, up from KSh 1.1 billion for the period ended 31st December 2020. The Group’s profit before tax [...]Afriex Raises US$10M for its Cash Transfer Platform
Afriex, a Nigerian fintech startup, has raised US$10 million for its blockchain money transfer programme as it aims to overrun competition. The global cash transfer business is currently dominated by [...]AfDB gives $180M to Rwanda for Energy Project
African Development Bank(AfDB) will disburse two loans amounting to $180 Million to Rwanda to improve access to power and cut greenhouse gas emissions. The project involves putting in place thousands [...]Government to Lift Scrap Metal Ban on 1st May
The Government of Kenya has announced plans to gradually lift the ban on scrap metal dealing with effect from 1st May 2022. The ban, which was imposed on 20th January [...]
Kenya Hints at Scrapping Planned $1 Billion Eurobonds
Kenya has hinted at scrapping a plan to sell $1 billion of Eurobonds by the end of June this year, citing rising yields globally that will make the borrowing expensive. [...]NSE Daily Equity Turnover Rises 64.9% to KSh 366M
Nairobi Securities Exchange(NSE) posted a rise in daily equity turnover to KSh 366 Million from KSh 222 Million recorded this Monday, an increase of 64.86%. All market indices were down, [...]Kakuzi Avocado Farmers Record 45% Decline in Earnings in 2021
Avocado farmers contracted by Kakuzi earned Kes 31.4 million from the agricultural firm in the year ended December, a 45.6 per cent decline from kes 57.9 million recorded the year before. [...]Retirement Schemes Shift to Govt. Securities-Report
Retirement Benefits Schemes continued to invest heavily in Government Securities, accounting for 45.69% of total assets under management. According to the Retirement Benefits Authority(RBA) Industry Report for December 2021, investment [...]
