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 [...]Sendy Revolutionising E-commerce in Kenya
Sendyis a Logistics Kenyan-born, African trade platform that delivers products form retailers to consumers allowing customers to track and get their orders conveniently on time. E-commerce in Kenya has been [...]TransUnion Africa appoints Morris Maina as CEO for Kenya
TransUnion Africa, a South African-based Consumer Credit Reporting firm, has appointed Morris Maina, former Safaricom and Microsoft executive, to lead its operations in Kenya. A leading Information and Insights company, [...]Relief as High Court Suspends Plan to Rise Car Insurance by 50%
The planned increase of car insurance premiums by up to 50% has been suspended by the High Court pending the determination of a case filed by a lobby group. “I [...]CMA Approves KSh 10.5 Billion Corporate Bond by State-Owned Mortgage Lender
Capital Markets Authority (CMA) has approved the issuance of an unsecured KSh10.5 Billion Medium Term Note (MTN) programme by Kenya Mortgage Refinance Company (KMRC), a Government-owned mortgage lender. This is [...]KPA Acquires New KSh1.1 Billion Tugboat to Enhance Port Efficiency
The Kenya Ports Authority (KPA) has acquired a new KSh1.1 billion tugboat, seeking to boost efficiency and bulk handling activities at the second container terminal. This makes Kenya the second [...]NSE lists Car General as Day's Top Price Gainer for 5th Consecutive Time
Nairobi Securities Exchange(NSE) has once again listed CarGeneral as top price gainer when trading ended at the Nairobi Securities Exchange(NSE) this Wednesday This is the fifth consecutive time that Car [...]Equity Group Holdings get Nod to Enter Life Insurance Business
Equity Group Holdings has received regulatory approvals to set up a non-operating insurance holding company. Commencement of the insurance business was approved by the Group's shareholders and the Central Bank [...]
