Kenya Seeks to Increase Tea, Coffee, Flower Exports to Saudi Arabia
Kenya has signed a Memorandum of Understanding (MoU) with Saudi Arabia, seeking to increase its tea, coffee, and flower exports to the latter. The agreement focuses on trade opportunities, targeting to [...]
State to Lift Ban on Scrap Metal Trade
The State has announced plans to lift the ban it imposed on export and dealings in scrap metal in a move set to offer a sigh of relief to traders [...]
Kenya Airways Resumes Pay Cuts after Delay of KSh20 Billion Bailout
Kenya Airways has resumed pay cuts following a delay by the government in disbursing the KSh20 billion bailout package, a month since it was allocated in the supplementary budget for [...]KCB posts 74% jump in Net Earnings to KSh34.2Billion in 2021
KCB Group Plc recorded a 74% rise in Net Earnings to KSh34.2Billion in 2021 in, what the lender attributes to growth in total income and reduction in loan loss provision [...]
NSE Resolves Temporary System Glitch
The Nairobi Securities Exchange (NSE) experienced a temporary disruption to its equity trading operations occasioned by a system hitch. This has since been resolved, and normal operations resumed enabling investors [...]Kenya Transporters Association (KTA) asks Transporters to Increase Fees by 5%
Kenya Transporters Association (KTA) has asked its members to increase cargo transport rates by a minimum of 5 per cent in order to sustain their businesses. The advisory was issued [...]Shanta Gold Reports Gold Worth KSh365 Billion in West Kenya
Shanta Gold, East Africa-focused gold producer, developer and explorer, has announced a new resource estimate for the Ramula target at the West Kenya Project. The firm says it has found [...]Sokowatch Secures $125 Million Series B Round, Rebrands to Wasoko
Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the close of a $125 million Series B equity round, the largest venture [...]KRA reaches deal with Keroche Breweries on tax payment plan
The Kenya Revenue Authority (KRA) and Keroche Breweries Limited (Keroche) have reached an agreement on a payment plan on taxes owing, and not in dispute from Keroche, said the tax [...]CIC Records Net Profit of KSh 668.4 Million
CIC Insurance Group, an underwriter listed at the Nairobi Securities Exchange(NSE), made a net profit of KSh 668.4 Million at the end of the 2021 financial year compared to a [...]KPA's New KSh32 Billion Mombasa Terminal Almost Ready for Operations
Kenya Ports Authority's (KPA) new KSh32 billion container terminal in Mombasa is almost ready for operations, with president Uhuru Kenyatta set to officially launch it at the end of this [...]NSE Daily Equity Turnover Rises 92.7% to KSh343 Million
Nairobi Securities Exchange(NSE)Daily Equity Turnover increased to KSh 343 Million from the previous sessions KSh 178 Million, an increase of 92.7% The shares traded stood at 11 Million against 6.3 [...]
