Diaspora Remittances in December 2021 Hit $350 Million
Diaspora remittances to Kenya in December 2021 hit $350.6 million, a 9.5% growth compared to the $320.1 million sent in November. This was attributed to Kenyans abroad sending home money [...]
Tea Auction Records Slight Fall in Prices at 2nd Auction
The weekly Mombasa Tea Auction held on 10th, 11th and 12th January 2022 had 12.8 million kilograms of tea offered for sale. The amount on offer slightly increased from 12.7 million kilograms [...]KRA Records a Tax Collection Surplus of KSh 47.6 Million in H1,2021/22
Kenya Revenue Authority (KRA) surpassed its revenue performance in the first half of the Financial Year 2021/2022 after collecting Sh976.659 billion against a target of Sh929.127 billion, a surplus of [...]
Standard Group is Top Price Gainer At the NSE
Nairobi Securities Exchange(NSE) data shows that Standard Group was the day's top price gainer, rising by 9.93% to close at KSh 15.50. Standard Group began the year with a share [...]Fuel Prices to Remain the same in Latest EPRA Review Despite Decrease in Landed Cost
The Energy and Petroleum Regulatory Authority (EPRA) has retained fuel prices for another month with super petrol retailing at Sh129.72 and diesel at Sh110.60 per litre. Kerosene, mostly used in [...]
Mumias Sugar Lease to Sarrai Group Suspended by the High Court
The Mumias sugar takeover by Sarrai Group, a Ugandan based company has taken a twist after a high court in Kakamega reversed orders it had issued for the firm to [...]CBK Accepts KSh 31.1 Billion at Weekly T-Bills Auction, a 156.4% Oversubscription
Central Bank of Kenya(CBK) received bids worth KSh 37.5 Billion at the weekly Treasury Bills Auction out of KSh 24 Billion that it offered investors, an oversubscription of 156.36%. The [...]Kenya's Lipa Later Raises $12 Million in Pre-Series A Funding
Kenya's pay-as-you-go startup, Lipa Later, has raised $12 million in its pre-series A round of funding. The new funding adds to an undisclosed investment in 2020 by Tokyo-headquartered Uncovered Fund. Investors [...]State Fails to Pay Billions for Fuel Subsidy
The state has defaulted on fuel subsidy that keeps pump prices low for the December-January review that lapses today. The subsidy continues to be paid under a cloud of secrecy, [...]NSE Updates listing of South Africa's NewGold Debentures
Nairobi Securities Exchange(NSE) has adopted the same International Securities Identification Number (ISIN) initially allocated to NewGold on its listing on the Johannesburg Securities Exchange(JSE). The ISIN for Kenya has therefore [...]NSE Equity Turnover Drops 2% to KSh 349.4 Billion
Nairobi Securities Exchange(NSE) recorded a 2% decline in equity turnover to KSh 349.4 Billion compared to Wednesday's turnover of KSh 355.5 Billion. A total of 8.2 Million shares exchanged hands [...]Equity Bank cuts PayPal Withdrawal Settlement Period to 24 hours
Equity Bank has announced a reduction in the duration it takes to settle withdrawals from US-based PayPal, a multinational financial technology company operating an online payments system, from 3 days [...]
