Kenya Inks Six Trade Agreements with China
Kenya and China have sealed six bilateral trade agreements and will also form a joint working group to address trade barriers between the two countries to reduce trade imbalances. The [...]
Extension of Suspension From Trading of Kenya Airways Plc Shares
The Nairobi Securities Exchange has issued a notice on the extension of the suspension from trading of the Kenya Airways Plc Shares citing uncertainty in the expected government bailout on [...]
Possible Stock-Out of Petrol Causes Panic among Motorist
Oil marketers in Kenya are bracing for a possible stock-out of super petrol in Nairobi and Western region, attributed to unprecedented demand during the holiday period and power hitches along [...]CarGeneral 2021 Net Earnings rise 300% to hit KSh 887 Million
CarGeneral, a vehicle dealer listed at the Nairobi Securities Exchange(NSE) made a Net Profit of KSh 887 million which is over 300% higher than KSh 274 million made during the [...]Kakuzi Plc Issues Profit Warning
Kakuzi Kenya Plc, a leading agro-processing firm listed both at the Nairobi Securities Exchange(NSE) and London Stock Exchange, has issued a profit warning notice and cautionary statement to investors and [...]Airtel Kenya Widens Losses to Ksh 5.9 Billion in 2020
Airtel Kenya saw its net liability widen to Ksh 43.7 billion in the full year to March 2021, up from Ksh 37.78 billion as of March 2020, attributed to its [...]CBK Collects KSh 27.4 Billion from Treasury Bonds Auction
Central Bank of Kenya(CBK) collected KSh 27,428.16 Million from the re-opened five-year Treasury Bond Issue out of KSh 30,000.00 Million offered, a performance rate of 94.64%. This is the first [...]Kenya Upgrades its Real-Time Payments Infrastructure
Kenya has upgraded its real-time payments infrastructure, placing the Country as one of the first countries in Africa to start running an ISO 20022 instant payments system with modern micro-services [...]NSE Daily Equity Turnover Declines 10% to KSh 344.1 Million
Nairobi Securities Exchange(NSE) recorded a decline in daily equity turnover to KSh 344.1 Million from the previous KSh 382.5 Million. The number of shares traded, however, increased to 10.5 Million [...]Equity Bank Introduces an Annual Debit Fee Card Fee of Ksh 240
Equity Group has introduced of an annual debit card fee of Ksh 240, which is set to earn the lender billions of shillings from active Kenyan customers. The bank, which [...]mPharma, Ghanian Health Startup raises $35million in Series D round
mPharma, a Ghanian health tech startup, plans to set up more pharmacies to widen its reach after raising $35 million in Series D round. The startup plans to grow its [...]Kenya Records a KSh 9.15 Billion Trade Deficit with Tanzania
Kenya had a trade deficit with Tanzania hit KSh 9.15 Billion at the end of the third quarter of 2021, official figures show, the first time imports from Tanzania have [...]
