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 [...]
NSE Daily Equity Turnover rises 403.1% to KSh 654 Million
The Nairobi Securities Exchange(NSE) recorded a more than four-fold increase in Equity Turnover to KSh 654 Million when trading ended at the bourse today. This is compared to a market [...]CDSC Securities Lending and Borrowing product get CMA Nod
The Central Depository and Settlement Corporation(CDSC) has received approval from the Capital Markets Authority(CMA) to exit the regulatory sandbox and offer Securities Lending and Borrowing(SLB) in a live market environment. [...]Standard Chartered Launches Shilingi Funds for Everyday Saving Investing
Standard Chartered Bank Kenya has partnered with Sanlam Investments East Africa Ltd (Sanlam) and Mangosteen BCC Pte Ltd (Bambu) to launch SC Shilingi funds, a low-ticket money markets fund proposition [...]Chumz App partners with Nabo Capital to Woo Savers
Chumz, an app that lets anyone with a mobile money wallet create financial goals, and work towards meeting them, has partnered with Nabo Capital to encourage everyone to save. The [...]Kenya's Ndovu Startup Launches Operations
Kenyan wealth-tech startup Ndovu has launched operations after securing an undisclosed amount of pre-seed funding round back in October last year. The startup seeks to provide users with easy access [...]Kenya Power to Construct New Power Station in Nakuru Due to Increased Demand
Kenya Power plans to construct a new substation at the Salgaa area in Rongai, Nakuru County in readiness for the upcoming industrial hub in the new city. Kenya Power Central Rift [...]
