NSE Daily Equity Turnover rises 950% to KSh 701.4 Million
Nairobi Securities Exchange(NSE) recorded a 950% increase in Equity turnover to KSh 701.3 Million, from KSh 66.8 Billion on Tuesday. There was also a 399% rise in the volume of [...]
Kenya's Treasury to Merge More Debt-Distressed State Corporations
Kenya's National Treasury has said plans are at advanced stages to merge Industrial and Commercial Development Corporation(ICDC), Industrial Development Bank(IDB) and Tourism Finance Corporation. The new outfit, Kenya Development Corporation, [...]StanChart Bank Kenya Q3, 2021 Net Earnings up 46.67% to KSh 6.36 Billion
StanChart Bank Kenya (SCBK), a local lender with its headquarters in the United Kingdom, recorded a Net Profit of KSh 6.36 Billion at the end of the first nine months [...]Gov't to Offer 3rd Economic Stimulus Package Worth KSh26.2 Billion
The Government of Kenya has announced plans to offer a third economic stimulus package worth KSh26.2 billion, seeking to aid the recovery of key economy sectors affected by the global COVID-19 pandemic. [...]
Kenya's Weakening Shilling Weighs on its External Debt Repayment Burden
Kenya’s debt service costs, which are expected to surge by 22% this fiscal year, are set to rise even further as the Shilling sank to all-time lows of Ksh 112.100 [...]KRA Goes High-Tech to nab Tax Cheats
The Kenya Revenue Authority (KRA)is actively utilising technological solutions, including social media monitoring tools, to ensure individuals pay the right taxes and also file returns. According to KRA Deputy Commissioner [...]KQ Increases Weekly Flights to Ethiopia from 3 to 7
Kenya Airways (KQ) has increased weekly scheduled flights to Ethiopia from three to seven, as high demand for passengers seeking air travel in the wake of political upheaval has gone [...]CBK accepts KSh 65.9 Billion at November T-Bonds sale
Central Bank of Kenya(CBK) received bids worth KSh 84.2 Billion at the November Treasury Bonds sale out of the KSh 50 Billion that was offered with the CBK accepting KSh [...]Fuel Prices Remain Unchanged in EPRA's Latest Review
Fuel prices will remain the same in this month's review even with rising crude oil costs, subsidized by the Petroleum Development Levy. Last month, The National Assembly Committee on Finance [...]Jambojet Halts Plans to Resume Flights to Uganda Rwanda
Jambojet has halted plans to restart direct flights to Entebbe, Uganda and Kigali, Rwanda due to strict COVID-19 containment measures that have caused a decline in demand on the route. [...]Prices Slump at Tea Auction Despite High Volumes
The weekly Mombasa Tea Auction held on 8th, 9th, and 10th November 2021 had 12.1 million kilograms of tea offered for sale. The amount on offer increased from 10 million kilograms during [...]Kenya's Economic Growth Rebounds by 10.1% in Q2, 2021
Kenya recorded an accelerated growth in Gross Domestic Product (GDP) of 10.1% compared to a contraction of 4.7% in the same quarter of 2020. According to the latest statistical report [...]
