Paylend, a Kenyan FinTech raises $2 Million from Next Chymia Consulting
Paylend, a Kenyan FinTech start up focused on providing access to finance and digitizing micro, small and medium-sized enterprises in Kenya has raised $2 million seed investment from Next Chymia [...]
Moove, An African Mobility Fintech enters Kenyan Market
Moove, an African mobility fintech, has launched operations in Nairobi, its first network in East Africa and sixth on the African continent. The revenue-based vehicle financing company has also partnered [...]Limuru Tea is Top Price Gainer at NSE
Limuru Tea was the day’s top price gainer at the Nairobi Securities Exchange(NSE), its share price rising by 9.84% to KSh 335.00 from the previous KSh 305.00. Limuru Tea begun [...]Huduma Namba to Replace KRA PIN in Proposed Law
Huduma Namba is to replace Personal Identification Number(PIN) issued by Kenya Revenue Authority(KRA) Personal Identification for purposes of bringing more individuals and businesses to the tax bracket. The Huduma Bill [...]Bollore Receives USD 6.43 Billion Offer from MSC to Buy its African Assets
Bollore African Logistics, owned by French magnate Vincent Ballore, has received an offer worth US$ 6.43 Billion for his African logistics assets from Mediterranean Shipping Company(MSC), a Swiss-Italian company based [...]NSE Daily Turnover Declines 24.9% to KSh 523.1 Million
Nairobi Securities Exchange(NSE) declined byn24.9% to KSh 523.1 Million from the previous sessions KSh 697.0 Million. The volume of shares also declined by 10.9% to 13 million from the previous [...]Dubai Suspends All Flights from Kenya for 48 Hours
Dubai has suspended all commercial flights from Kenya for 48 hours as of this Monday, as per a directive from its Civil Aviation Authority, in what is seen as a [...]Top Traded Stocks and ETFs on Hisa as of 17/12/2021
Earlier in December, Hisa Technologies unveiled fractional investing in US Stocks and ETFs for Kenyans after receiving regulatory approval from the Capital Markets Authority. The US stock market is on [...]
CBK Accepts Bids Worth KSh 17.9 Billion at Weekly T-Bills Auction
The Central Bank of Kenya (CBK) accepted bids worth KSh 17.9 Billion out of bids received amounting to KSh 20.97 Billion, a subscription rate of 78.39%. The 91-day Treasury Bills [...]Wowzi, a Kenyan Startup Secures $3.2 Million from 4DX Ventures
Wowzi, an internet-based Kenyan startup has secured a total of US$3.2 million from investors over the last few months, part of which includes a recently concluded US$2 million seed round [...]Power Bills for Kenyans to begin falling this December 2021
Power Bills for Kenyans will begin to fall beginning this month. This follows a directive to the power utility firm by President Uhuru Kenyatta during his speech at the 57th [...]NSE lists KCB As the Day's Top Mover as Banks Dominate
Nairobi Securities Exchange(NSE) had Kenya Commercial Bank(KCB) as this Thursday's top mover, with a volume of 7.25 Million shares changing hands. Other top movers were Safaricom(6.32 Million), C0-operative Bank(1.31 Million), [...]
