TotalEnergies Net Profit fall 20% to KSh 2.7B
TotalEnergies Marketing Kenya Plc posted a Net Profit of KSh 2.7 Billion at the close of financial year ended 31st December 2021, down from KSh 3.3 Billion over a similar [...]
Inflation in Kenya Rises to 5.6% in March
. Inflation in Kenya edged up to 5.6% in March 2022 from 5.1% in February, a spike attributed to a rise in the price of food, housing, water, electricity, gas, [...]CBK Collects KSh 7.1 B at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh KSh 7.124 Billion at the Weekly Treasury Bills Auction out of the KSh 24 Billion on offer, an under subscription of 29.69%-the [...]Telkom Lands New 6th Subsea Cable in Kenya
Telkom has landed a new subsea fibre optic cable in Mombasa, Kenya, seeking to offer higher internet speeds, lower latency and broader bandwidth. The launch of the Pakistan and East [...]
Acorn Holdings' REITS Post KSh1.16 Billion Net Profit in FY 2021
Acorn Investment Management Ltd (AIML), the entity behind Qwetu and Qejani Student Residences, has posted a KSh1.16 billion net profit for its Real Estate Investments Trusts (REITS) for the year [...]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 [...]
