Kenya's Output grows in October- Stanbic Bank PMI
Kenya's Purchasing Managers Index(PMI) rose to 51.4 in October, up from 50.4 in September 2021, the highest reading in five months, as output growth strengthened and new business continued to [...]
CMA issues Full License to Three Coffee Brokers
The Capital Markets Authority (CMA) has issued two full licenses to Kipkelion Brokerage Company Limited and Murang’a County Coffee Dealers Company. This brings the number of coffee brokers that have [...]IMF Completes Review of its 3-year Lending Programme to Kenya
The International Monetary Fund (IMF) has completed its second review of Kenya's 38-months lending programme. This follows approval by the IMF Board in April this year of a US$2.34 billion [...]KRA Collects KSh 154.4 Billion in Q2, 2021/22
Kenya Revenue Authority(KRA) collected KSh 154.383 Billion in Q2, 2021/22 financial year, a performance rate of 108.5% and a growth of 23.2% from a KSh 142.285 Billion target. KRA began [...]Carbacid is the Week's Top Price Gainer at NSE
Carbacid Investments Plc was last week's top price gainer at the Nairobi Securities Exchange(NSE) with a 13.5% week-on-week price change to KSh 13.05. This is on a volume of 503, [...]Banking Stocks to Rally on Improved Q3 financials
Banking Sector Third Quarter 2021 results set to be released during the month, is expected to lift the level of activity at the Nairobi Securities Exchange (NSE). Equity Group Holdings [...]Gates Foundation commits $4 million to Kenyan auto-disable syringe manufacturer Revital Healthcare
Revital Healthcare (EPZ) Limited, a Kenyan medical supply manufacturer has received nearly $4 million from the Bill Melinda Gates Foundation to expand production of auto-disable vaccine syringes. This funding [...]
NSE Equity Turnover Drops 39.9% to KSh 284.4 Million
Nairobi Securities Exchange(NSE) recorded a decline in Equity turnover to KSh 284.4 Million compared to KSh 398 Million this Thursday, a drop of 40%. Equity turnover was KSh 417.7 Million [...]Kenya's Central Bank to Hold Next Policy Meet on Nov. 29th
The Central Bank of Kenya (CBK) is set to hold its next Monetary Policy Committee (MPC) meeting on November 29th, 2021. At the last policy meeting, the top decision-making organ [...]Kenya Shilling hits losing Streak on Strong US$ Demand
The Kenya Shilling has been a steady losing streak the entire week in what analysts and forex traders attribute to strong dollar demand especially from oil importers and weak inflows. [...]Kenya Halts Avocado Exports WEF 15th November
Kenya's horticulture regulator has suspended avocado exports (Fuerte and Hass varieties) to curb harvesting of immature crop, with effect from 15th November 2021. However, exporters of the Jumbo variety are [...]CBK Accepts KSh 31.5 Billion at Weekly Auction, 131.1% Oversubscription
The Central Bank of Kenya(CBK) collected KSh 31, 473.73 Million at the weekly Treasury Bills Auction out of KSh 24,000 Million offered, out of bids worth KSh 31,474.74 Million, representing [...]
