Twiga Foods Raises KSh 5.5 Billion to Fund Expansion Drive in Africa
Twiga Foods, a Kenyan agri-tech firm, has announced a US$50 Million (KSh 5.5 Billion) Series C round to scale its efforts in Kenya and other neighbouring countries. It targets to [...]
East African Breweries Corporate Bond Commences Trading at the NSE
The East African Breweries Plc has been listed on the Nairobi Securities Exchange, where trading on the KSh11-billion issue began today. EABL Group Managing Director and CEO Jane Karuku performed [...]KenGen Full -Year Net Earnings Decline by 94.6% to KSh 1.2 Billion
Kenya Electricity Generating Company Plc (KenGen) has released its full-year results for the financial year ended 30th June 2021 reporting a decline in Net Earnings to KSh 1.2 Billion compared [...]NSE Daily Equity Turnover rises 6% to KSh 257.9 Million
Nairobi Securities Exchange (NSE) traded a total of 16,997,600 shares in 1,271 deals, corresponding to a market value of KSh 257.9 Million on the first trading day of the week. [...]Centum Targets New Acquisitions with KSh 5 Billion War Chest
Centum Investment Company's private equity wing has set aside KSh 5 Billion that targets acquisitions in various sectors of Kenya's economy. The listed firm is seeking already profitable firms that [...]CBK invites Bids for T-Bonds Worth KSh 50 Billion in November
The Central Bank of Kenya (CBK) has announced the November bond issuance as it seeks KSh 50 Billion for budgetary support. The sale will feature the reopening of the 20-year [...]Tea Auction Records Another Fall in Prices
The weekly Mombasa Tea Auction held on 25th, 26th and 27th October 2021 had 10 million kilograms of tea offered for sale. The amount on offer increased from 9.8 million kilograms during [...]
Inflation Rate in Kenya slows to 6.45%
Inflation rate in Kenya, which measures the cost of living, slowed modestly to 6.45% in the month of October to 6.45% from 6.91% in September 2021. Kenyans paid more for [...]CBK Accepts KSh 13.9 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted KSh 13.9 Billion out of KSh 15.8 Billion bids received and KSh 24 Billion on offer- a performance rate of 66.02%. The 91 day [...]AfDB Forecasts East Africa's Economic Growth to Rise to 4.1% in 2021.
East Africa's economic growth is projected to rise to 4.1 per cent in 2021, up from 0.4 per cent in 2020, the African Development Bank (AfDB) said on Thursday. According [...]
World Bank Offers $150 Million to Kenya for Drought Mitigation
The World Bank, in partnership with the Government of Sweden (Sida) and Government of Denmark (DANIDA), has announced plans to give $150 million to Kenya, aiming at mitigating the impact [...]Tangaza Mobile Payments Service Provider License Revoked by CBK
Tangaza' a Mobile Payments Service Provider, also known as Mobile Pay Limited(MPL), has had its license revoked as a Payments Service Provider(PSP) by the Central Bank of Kenya(CBK). This is [...]
