AfDB Group to hold its 2022 Annual Meetings in May
The African Development Bank(AfDB) Group will hold its Annual Meetings in Accra, Ghana, between May 23rd and May 27th 2022. The Bank Group’s most important event is the Annual Meetings [...]
CBK Collects KSh 11.7B at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 11.6 Billion at last week’s Treasury Bills Auction, an undersubscription of 48.56%. This is because only a paltry KSh 11.7 Billion [...]Taifa Gas to Enter Kenya’s LPG Market
Taifa Gas, Tanzania’s biggest gas dealer, is set to establish a plant within Kenya's Export Processing Zone(EPZ). The move is expected to trigger a fierce price war between Taifa Gas [...]Foreign Currency Deposits Hit an all-time High in Local Banks
Foreign currency deposits in local banks hit an all-time high in February with the value of the currency being registered at Sh804.31 billion from Sh793.26 billion recorded in January. The [...]
CA Extends SIM Card Registration to October
The Communication Authority of Kenya (CA) has extended the SIM card registration by another six months to October 15, 2022. The agency’s Director-General Ezra Chiloba met with the Mobile Operators' [...]Kenya Airways to Receive KES 36.6 Billion Government Bailout
The national carrier, Kenya Airways will receive a further kes 36.6 billion bailout in the year starting July as part of efforts to prop up the airline amid recovery from [...]KAM Raises Red Flags On Kenya’s Crippling Shortages
The Kenya Manufacturers Association(KAM) has raised the red flags on fuel, wheat grains, scrap metal and forex shortages, currently gripping the country. “ It is now painfully clear that the [...]Court Halts 20-year Lease Awarded to Sarrai Group to Manage Mumias Sugar
The High Court has cancelled a 20-year-lease awarded to Uganda-based Sarrai Group to manage Mumias Sugar Company, delaying plans to revive the ailing miller. Justice Alfred Mabeya froze the Sarrai [...]National Oil Poised to Import 30% of Kenya's Monthly Fuel Needs
The government has announced plans to grant the National Oil Corporation a tender to import 30% of Kenya's monthly fuel needs to reduce dependency on independent oil marketers. Energy Cabinet [...]
NSE Weekly Equity Turnover ups 18.2% to KSh 1.3B
The Nairobi Securities Exchange(NSE) recorded an 18.2% increase in weekly turnover to KSh 1.3 Billion as the four-day week come to an end. This is compared to a weekly turnover [...]EPRA Hikes Fuel Pump Prices in April Review
The Energy Petroleum Regulatory Authority(EPRA) has revised fuel prices upwards by KSh 9.90 per litre at the pump. The new prices take effect from midnight of 14th April 2022 to [...]StanChart to Exit 7 markets in Africa, Middle East.
StanChart Bank Plc, the UK-based lender, plans to shut down its network in seven countries in Africa and the Middle East. This is as it seeks to grow its presence [...]
