Depositors in 3 Collapsed Banks to Receive KSh200 Million from KDIC
Depositors in 3 collapsed banks are set to receive KSh200 million from the Kenya Deposit Insurance Corporation (KDIC), after a successful recovery process and sale of assets of the banks [...]
Kenya Airways Reduces Net Loss for FY 2021 to KSh15.87 Billion
Kenya Airways (KQ) has reduced its net loss for the financial year ended 31st December 2021 to KSh15.87 billion. This is a 56.68% decrease from 2020's KSh36.57 billion loss. The [...]NSE Daily Equity Turnover falls 63% to KSh 111M
Nairobi Securities Exchange(NSE) Daily Equity Turnover fell to KSh 111 Million from KSh 300 Million the previous session, a decline of 63%. At the same time, the volume of shares [...]
Kenya's Central Bank Retains Benchmark Policy Rate At 7%
The CBK, through its top decision-maker, the Monetary Policy Committee (MPC), has retained the key policy rate at 7%, stating that the current accommodative monetary policy stance remains appropriate. The [...]Marriott International to Set Up Lodge in Mara
Marriott International Inc has signed an agreement with Baraka Lodges Limited to set up a lodge within Maasai Mara National Reserve. JW Marriott Maasai Mara Lodge will be situated at [...]DTB Net Earnings up 25.7% to KSh 4.4 B in 2021
Diamond Trust Bank(DTB) Net Earnings increased to KSh 4.4 Billion in 2021 compared to KSh 3.5 Billion over a similar period in 2020, an increase of 25.7%. The Group's loans [...]Fuel Shortage Hits North Rift and Western Kenya
An unexpected fuel shortage hit Western Kenya, the North Rift and many parts of rural Kenya mostly supplied by independent oil marketers. The oil dealers blamed the shortage in the [...]
Lamu Oil Basin Ruled as Commercially Unviable
Mlima-1, the well in the Lamu Oil Basin, off Kenya’s Indian Ocean coast recently touted as the country’s first offshore oil strike, is commercially unviable. Results of the exploration released [...]NSE Net Profit down 21% to KSh 132.5 M in 2021
Nairobi Securities Exchange(NSE) Group Plc recorded a net profit of KSh 132.5 Million in 2021, a drop of 21% from KSh 167 Million in 2020. According to audited financial statements [...]CBK Temporarily Bans Ecobank from Forex Trading
The Central Bank of Kenya (CBK) has barred Ecobank from foreign exchange trading in Kenya between March 29 and April 4 as part of regulatory action citing unsafe trading practices. [...]Kenya's Mobius Motors Eyes Expansion to Uganda Tanzania
Local carmaker, Mobius Motors has announced plans to expand into Uganda and Tanzania, even as it ramps up production of its second-generation model which costs KSh1.5 million. The first generation [...]Coffee Farmers Pursue Direct Link to Embassies
Coffee farmers want the government to facilitate them to sell their produce directly to consumers through embassies and high commissions in coffee-consuming countries. Speaking during the coffee farmers exhibition at [...]
