Kenya Airways Reverses Employee Pay Cuts as MPs Approve New KSh20 Billion Bailout
Kenya Airways has reversed employee pay cuts after MPs approved a new KSh20 billion, clearing the way for the National Treasury to release the money. The carrier had last month [...]
NSE Daily Equity Turnover Rises 77% to Kes 859.6 Million
The Nairobi Securities Exchange (NSE) recorded a 77% rise in daily equity turnover during today’s trading session to Kes 859.6 million against the kes 193 million posted during the previous trading session. The [...]
World Bank Approves $250 Million for New Agriculture Project in Kenya
The World Bank has approved $250 million International Development Association (IDA) credit for a new Agricultural Value Chain Development Project (NAVCDP) in Kenya. The project seeks to increase market participation [...]CMA Approves Roll out of First Robo-Advisor from Regulatory Sandbox
The Capital Markets Authority (CMA) has granted a No Objection' to Fourfront Management Limited to roll out in the mass market a Robo- advisory solution which provides automated investment advice [...]CFAO Healthcare Acquires 30% Stake in Goodlife Pharmacies
CFAO Healthcare has acquired a 30% stake in Goodlife Pharmacies from Leapfrog Investments. LeapFrog first invested in Goodlife in 2017, and will remain the majority shareholder, and CFAO Healthcare the [...]KenGen Completes Construction of 83MW Olkaria 1 Unit 6 Plant
KenGen has completed construction of the 83 megawatts (MW) Olkaria 1 Unit 6 geothermal plant. This follows a successful delivery of full steam to the power plant, setting in motion [...]NSE Daily Equity Turnover Rises 74% to Kes 193 Million
The Nairobi Securities Exchange (NSE) recorded a 74% rise in daily equity turnover during Wednesday's trading session to Kes 193 million against the kes 111 million posted during the previous [...]IM Net Profit Up 2.4% to KSh 8.6B in 2021
IM Group Plc recorded a marginal increase in Net Profit to KSh 8.6 Billion in 2021 compared to Profit After Tax of KSh 8.4 Billion over a similar period in [...]
Kenya Power Begin Talks to Cut Electricity Bills Further by 15%
Kenya Power has begun negotiations around a deal to review power purchase agreements (PPAs) signed over the years to further cut electricity bills for homes and businesses by 15 % [...]Britam Made Net Profit of KSh 72.1 M in 2021
Britam Holdings Plc, a listed underwriter, posted a Net Profit of KSh 72.1 Million in 2021. This performance is compared to a Net loss of KSh 9.1 Billion over a [...]Coffee Farmers Benefit from Low Priced Fertilizer
On Tuesday, coffee farmers from Mutheka coffee cooperative society in Nyeri county benefitted from the government-subsidized fertilizer at almost half price. Through the program, which is being overseen by the [...]Resolution Insurance Stops Non-Medical Underwriting
Resolution Insurance has stopped underwriting non-medical covers for three months as it seeks fresh capital injection. The insurer’s acting Managing Director Bernard Githinji says there has been “significant delays” in raising [...]
