BAT Records 18% Rise in Net Profit to ksh 6.5 Billion in 2021
BAT Kenya recorded an 18 percent rise in net profit to Sh6.5 billion during the financial year ended 31st December 2021. The cigarette maker attributed the rise to the increase [...]
Carbacid Investments Plc Appoints Conrad Nyukuri As New Company Secretary
Carbacid Investments Plc Board of Directors announced the appointment of Conrad Nyukuri as the Company Secretary of the Company and its subsidiaries with effect from 16th February 2022. Conrad is [...]
Budget Committee Halts Uhuru's Government Plan to Raise Debt Ceiling
The Parliamentary Budget Committee has dealt a major blow to the government plan to raise the debt ceiling to Sh12 trillion. President Uhuru Kenyatta’s government has been seeking to increase [...]Global markets rebound slightly on easing of Ukraine-Russia tensions
Major US stocks posted slight gains at Tuesday and Wednesday mainly driven by positive sentiment pushed by a slight easing of tensions at the Ukraine-Russia border. US President Joe Biden [...]
Namibia Hikes Key Interest Rate to 4% for the First Time in 6 Years
Namibia has raised its key interest rate for the first time in six years, safeguarding its currency peg with South Africa’s rand. The monetary policy committee lifted the rate by [...]Insurance Claims Decline by 4% in Q4 2021 -IRA
Insurance claims dropped by 4 % to hit 2 million claims in the fourth quarter of 2021 compared to the same period in 2020 which had 2.1 million claims. The [...]Tanzania's Exports to Kenya Rise by 50% in FY 2021
Tanzania's exports to Kenya doubled in 11 months to November last year as trade between the two countries continues to normalise after years of dispute. The latest data from the [...]Knight Frank Appoints Mark Dunford As its New Managing Director
Knight Frank Kenya, a leading real estate consultancy, has announced changes to its C-suite with the appointment of Mark Dunford as the new Managing Director. The firm also announced that [...]Kenya Seeks Direct Flower Exports to Gulf Countries
Kenya is seeking direct fresh flower exports to the United Arab Emirates and other Gulf countries as it seeks to diversify exports. The government is holding bilateral talks with Gulf [...]
National Oil in Quest for KSh13 Billion Bailout from Treasury
The National Oil Corporation of Kenya (Nock) is in fresh quest for a KSh13 billion bailout from the National Treasury to pay bank loans and meet operating costs. According to [...]97% of NSE Trading Accounts Remain Inactive for 2 Years
Only 61,000 (3%) of the 2.3 million equities accounts at the Central Depository and Settlement Corporation (CDSC) have participated in trading at the Nairobi Securities Exchange (NSE) over past two [...]Russia Will Only allow Banks, exchanges to enter crypto market
Only banks and exchanges will be allowed to enter the cryptocurrency market in Russia legally, the country's Deputy Finance Minister Alexey Moiseev said on Monday. The concept of the regulatory [...]
