Xplico Insurance Company faces Liquidation Petition
Xplico Insurance Company Limited is faced with a liquidation petition filed by a creditor, Doris Mwaka Mwakwekwe, on March 17th 2022. This liquidation petition will be heard before the High [...]
BOC Kenya Plc Net Profit Ups 6.5% to KSh 108.3M
BOC Kenya Plc made a Net Profit of KSh 108.3 Million at the end of 31st December 2021 compared to a Net Profit of KSh 101.7 Million in 2020. The [...]NSE hit loss of KSh 92B at onset of Ukraine War
The Nairobi Securities Exchange(NSE) recorded a loss of KSh 92 billion on February 24th, 2022, following Russia’s invasion of Ukraine. This is the most significant loss that NSE has made [...]Umeme Limited to Hold AGM on May 19th
Umeme Limited will hold a hybrid Annual General Meeting(AGM) on Thursday, 19th May 2022, at 10.00 am at Kampala Serena Hotel. This meeting will comprise partly physical and partly virtual [...]Posta Defaults on KSh1.8 Billion Tax Obligations
Postal Corporation of Kenya (PCK), alias Posta, has failed honour its taxes and retirement benefits obligations, failing to remit employee and taxman dues amounting to KSh1.8 billion. A report by [...]
Kenya Airways Resumes Direct Flights to Madagascar
Kenya's national airline, Kenya Airways (KQ) has announced the resumption of direct flights to Madagascar, following the easing of travel restrictions by the latter. The airline is set to operate [...]NSE Equity Turnover declines to KSh 223M
The Nairobi Securities Exchange(NSE) posted a fall in equity turnover to KSh 223 Million on 6.7 million shares. This performance is compared to KSh 251 Million on 6.6 Million shares [...]Flower Sector Rebounds after Coronavirus Pandemic
The flower sector has fully recovered from Covid-19 impacts although lack of cargo flights and high prices of fertiliser continues to be a major challenge. Kenya Flower Council (KFC) says [...]
Nairobi Expressway Users to Pay Kes 350 More Due to the Weakening Shilling
Nairobi expressway users are set to pay up to kes 350 more after the government reviewed the toll charges to match the strengthening of the dollar in the past year. [...]East African Cables Posts Net Loss of KSh299.7 Million
East African Cables Plc recorded a Net Loss of KSh 299.7 Million at the close of the financial year ended 31st December 2021. This is an improvement from a Net [...]Diaspora Remittances Hit a Monthly Record in March of KES 42 Billion
Kenyans living abroad sent home $363.6 million (Sh42 billion) in March, setting a new monthly record for the diaspora remittances. This represents a 25 per cent growth in diaspora remittances [...]Stanbic Holdings To Hold Its 67th AGM in May
Stanbic Holdings Plc has notified its shareholders that the Company's 67th Annual General Meeting (AGM) will be held virtually. This meeting will be held on Thursday, 19th May 2022, at [...]
