Sendy launches a Digital Platform for Online Sellers in Kenya
Sendy, a Kenyan tech-logistics startup, has set up a digital-enabled platform that relieves online sellers of logistics difficulties and their associated costs. A state-of-the-art Fulfillment Center with multiple picking locations [...]
Reprieve as Tea Auction Records an Increase in Prices
The weekly Mombasa Tea Auction held on 15th, 16th, and 17th November 2021 had 12.3 million kilograms of tea offered for sale. The amount on offer increased from 12.1 million kilograms during [...]
Kenya's Banking Sector Quarterly Profit Before Tax falls to KSh 49.08 Billion
Kenya's Quarterly profit before tax decreased by KSh 1.45 billion from KSh50.53 billion in June 2021 to KSh49.08 billion in September 2021. This was as a result of a higher [...]Kenya Targets to Raise KSh 106 Bn in Fifth Eurobond Issue
Kenya will take up a fifth sovereign bond (Eurobond) targeting KSh 105.6 billion in the next fiscal year, with the National Treasury indicating plans to float its first green bond. [...]NSE Weekly Equity Turnover Declines 28% to KSh 2.5 Billion
Nairobi Securities Exchange(NSE) recorded a decline in weekly turnover to KSh 2.5 Billion from KSh 3.4 Billion the prior week, a decline of 28%. The volume of shares traded also [...]New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency
This week sees the launch of a new initiative to equip unemployed and marginalized Kenyan youth with new digital skills to enable them to learn, work and to earn income using [...]
CBK Collects KSh 23.3 Billion at Weekly T-Bills Auction, 108.6% Oversubscription
The Central Bank of Kenya(CBK) received bids worth KSh 26.1 Billion at the Weekly Treasury Bills Auction, representing an oversubscription of 108.64% with the Government fiscal agent accepting KSh 23.3 [...]Kenya's Imports from Tanzania Hit KSh20.5 Billion in H1 2021
Kenya’s imports from Tanzania hit KSh20.5 billion in H1 2021, riding on the back of resolved trade disputed between the two countries. This compares to KSh10.8 billion for the same [...]Kapchorua Tea posts Half-Year Earnings of KSh 25.7 Million from loss territory, Williamson Tea Reports loss
Kapchorua Tea Kenya, a listed firm engaged in the cultivation, manufacture and sale of tea, leapt from a loss-making territory to net earnings of KSh 25.7 Million at the close [...]NSE Daily Equity Turnover Retreats 51.6% to KSh 339 Million
Nairobi Securities Exchange(NSE) this Thursday recorded a reduced level of activity that saw the daily equity turnover decline to KSh 339 Million from the previous KSh 701 Million, a drop [...]Co-op Bank of Kenya Q3 Net Profit rises 18.4% to KSh 11.6 Billion
Co-op Bank of Kenya has posted a Net Profit of KSh 11.6 Billion in the nine months period ending September 30th, 2021 compared to net earnings of KSh 9.8 Billion [...]KCB Group Q3 2021 Net Earnings Rise 131% to Hit KSh 25.2 Billion
KCB Group more than doubled its Net Earnings to KSh 25.2 Billion at the end of the nine months period ending September 2021, an increase of 131% from KSh 10.9 [...]
