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), [...]Financial Services Access in Kenya increases to 83.7% Driven by Technology Central Bank FinAccess Survey
Financial services access increased overall to 83.7 per cent in 2021, from 82.9 per cent in 2019, mainly driven by the use of technology according to the FinAccess Household Survey [...]EPRA holds Fuel Prices Unchanged in December
The Energy and Petroleum Regulatory Authority(EPRA) has retained fuel prices at the same level in December, the same as the pump prices it announced in November. Thus the price of [...]Choice Microfinance Bank sells 85% stake to UK's Wakanda Network
Choice Microfinance Bank Limited( Choice MFB) has announced the sale of 85% stake to Wakanda Network Limited effective October 22, 2021. This follows approval on September 2021 and approval from [...]Kenya's Apollo Agriculture Secures KSh1.07 Billion Loan from DFC
Nairobi-based agri-tech startup, Apollo Agriculture has secured a KSh1.07 billion loan from the United States International Development Finance Corporation (DFC) for onward lending to smallholder farmers in the country. While [...]
Tea Auction Records Marginal Decrease in Prices
Theweekly MombasaTea Auction held on 6th, 7th, and 8th December 2021 had 11.6 million kilograms of tea offered for sale. The amount on offer slightly increased from 11.5 million kilograms [...]Kenya’s Economy to Grow by 4.9% in 2022 Despite Increase in Poverty World Bank
The World Bank has noted has noted the resilience of Kenya's economy despite COVID-19 shock 2021 as a whole with the gross domestic product (GDP) expected to grow by 5% [...]US Stocks Wrap; Apple nears $3 trillion market cap, Musk is TIME's 2021 POY, Pfizer acquires Arena Pharma,
US stocks closed lower on Monday with major indices such as the Dow Jones closing 0.89% lower led by Boeing which fell 3.74% at close. The tech heavy Nasdaq 100 [...]
KQ begins Direct Flights to Khartoum Juba
Kenya Airways(KQ) has this Friday begun direct flights from Nairobi to Juba and Khartoum. The carrier will be flying daily to Juba as well as three times per week to [...]NSE Daily Equity Turnover Drops 22.4% to KSh 702.9 Million
Nairobi Securities Exchange(NSE) recorded a decline in equity turnover to KSh 702.9 Million when trading ended at the bourse this Friday compared to KSh 905.9 Million the previous day, a [...]Kenya's National Treasury puts KSh 150 Billion Infrastructure Bond on Ice
Kenya's National Treasury has put off plans by Kenya National Highways Authority to float a KSh 150 Billion Infrastructure Bond, citing the country's distressing public debt levels. According to Treasury [...]
