IFC to Loan KSh1.6 Billion to Gulf Trust Bank for SMEs
The International Finance Corporation (IFC) is set to lend $15 million (Sh1.6 billion) to Guaranty Trust Bank Kenya for onward lending to Small and Medium sized Enterprises (SMEs). The loan [...]
Prices at Tea Auction Hit $2.16 Per Kg
The weekly Mombasa Tea Auction held on 27th and 28th September 2021 had 8.3 million kilograms of tea offered for sale. The amount on offer decreased from 8.8 million kilograms for the [...]KQ Doubles its Passenger Flights to the UK
Kenya Airways (KQ) has announced plans to increase the frequency of flights to London after Kenya was removed from the UK's red list. Kenya's state-owned airline will add four flights [...]
Network International closes acquisition of DPO Group
London Stock Exchange listed Network International has completed its acquisition of Nairobi headquartered African Payment Service Provider DPO Group in a deal valued at $288 Million. The deal, first announced at [...]CMA Extends Provisional Licenses of 4 Coffee Brokers
The Capital Markets Authority (CMA) has extended the provisional licenses granted to four coffee brokers by a further 30 days from 30 September 2021, in line with the Capital Markets [...]Unilever Approves Transfer of Stake in Limuru Tea to UK's TeaCo
Unilever Tea Kenya Limited's Board of Directors has approved plans to separate its tea business following a decision by its parent firm Unilever Group to separate its global tea business [...]TotalEnergies Picks Olivier Van Parys as Board Chairman of Kenyan Subsidiary
TotalEnergies Marketing Kenya Plc, formerly Total Kenya, has picked Olivier Van Parys as Director and Chairman of its Board with effect from September 21, 2021. Parys, considered an insider in [...]Global Markets Weekly
Longhorn Publishers Emerge from Losses to Net Profit of KSh 7.5 Million in 2021
Longhorn Publishers emerged from a full-year Net Loss of KSh 225.9 Million in 2020 to a Net Profit of KSh 7.5 Million in 2021. The publisher's Balance Sheet size, according [...]Unga Group Full-Year Net Earnings Rise 343% to hit KSh 293.5 Million
Unga Group, the only flour milling firm listed at the Nairobi Securities Exchange (NSE), posted a net profit of KSh 293.5 Million for the full year ended June 30th, 2021. [...]NSE Daily Equity Turnover Drops 68.7% to KSh 138.7 Million
Nairobi Securities Exchange(NSE) recorded a 69% from in Daily Equity Turnover to KSh 138.7 Million when trading ended at the bourse this Friday compared to KSh 443.8 Million on Thursday [...]Kenyan Brands that Feature Among Top 150 in Africa
The list of Kenyan brands featuring in this year's Brand Finance Africa 150 ranking includes Safaricom, Tusker, KCB Group, Equity Group and Co-operative Bank of Kenya. Kenya is now accountable [...]
