Kenya Moves to Level One on USA Citizens Travel Alert Radar
Kenya has moved to level 1 travel health notice from the previous level three in what the US Centres for Disease Control and Prevention(CDC) is a low level of COVID-19 [...]
Treasury to Cut M-pesa Transaction Charges
The National Treasury is set to slash M-Pesa transaction charges a move that will affect Safaricom's revenue stream. Treasury Cabinet Secretary Ukur Yatani told the Senate that there was a [...]
Kenya's Economy to Stabilize at 6% in 2022
Kenya’s economy is expected to stabilize at 6 per cent in 2022 boosted by a strong performance in the second and third quarters of the 2021 fiscal year and remittances [...]Kenya's Apollo Raises $40 Million in Series B Funding
Nairobi-based agri-tech startup, Apollo Agriculture has raised $40 million in its Series B round of funding. Investors who took part in the funding round included the Chan Zuckerberg Initiative, Yara [...]
Weekly Tea Auction Records Slight Increase in Prices
The weekly Mombasa Tea Auction held on 14th, 15th, and 16th March 2022 had 12.9 million kilograms of tea offered for sale. The amount on offer decreased from 13.3 million kilograms during [...]Chinese Cryptocurrency Scam Bitstream Circle hits Kenyans
Bitstream Circle Cryptocurrency Scam is yet another Ponzi scheme that has caused Kenyans to lose an estimated $ 10 Million in investor funds. On March 13, 2022, the alleged theft [...]NSE Daily Equity Turnover Rises 5% to KSh 208 Million.
The Nairobi Securities Exchange (NSE) recorded a 5% rise in Monday’s trading session with Equity turnover rising to Kes 208 million against the kes 109 million posted during the previous trading session. The [...]How To Invest in Gold from Kenya
For the longest time, gold has always been considered a “safe haven asset” because when other investments like stocks become volatile, gold gains value as panicked investors rush to buy [...]
Treasury Collects KSh 24.9 Billion in March T-Bonds Tap Sale
Treasury has taken a further KSh 23.9 billion from a second-round sale of Treasury Bonds in March 2022. This is to take its cumulative flows from bonds in March to [...]CBK is Polishing M-Akiba to Enhance its Appeal to Investors
The Central Bank of Kenya (CBK) is relaunching the M-Akiba product and will go live by June this year. All this is in an effort to entice investors to take [...]KCB Group Moves Acquisition Plans in DRC into Top Gear
Kenya Commercial Bank (KCB) Group plans to acquire a lender in the Democratic Republic of Congo (DRC), as its regional expansion plans move to full throttle. The Kenyan lender will [...]Diaspora Remittances to Kenya falls 5.1% to US$ 321.5 Million in February 2022
Diaspora Remittances to Kenya in February 2022 totaled US$ 321.5 Million compared to US$ 260.3 million in February 2021, a 23.5 per cent increase. According to the latest CBK Weekly [...]
