Eng. Rosemary Oduor Named Kenya Powers' New Acting Managing Director
Kenya Power has appointed Eng. Rosemary Oduor as the new acting managing director of the company with effect from today, following the resignation of Bernard Ngugi who has held the [...]
Kenya's Economic Activity Eases in July
Kenya's economic activity continued to ease in July as businesses relaxed their expansions in output, new orders, and employment during the month. Stanbic Bank Kenya's Purchasing Managers Index (PMI) fell [...]Unga Group to Partner with Dutch Animal Feeds Company
Unga Group, a leading animal feeds manufacturer in East Africa, plans to enter into joint venture agreements with the Dutch-based Nutreco, one of the world's biggest animal nutrition and aquafeed [...]KCAA Extends Suspension of Flights to India to August 20
Kenya Civil Aviation Authority (KCAA) has extended, for an additional 30 days, the suspension of flights to and from India toAugust 20, 2021. This comes as a blow to Kenya [...]
Kenya Remits KSh 82.7 Billion to China, Resuming its Debt Repayment
Kenya has resumed repaying of debts owed to China after the latter's six-month debt-repayment suspension from January this year expired in June, which helped Kenya temporarily retain KSh27 billion that [...]Sameer Africa Reports KSh154 Million Half-Year Profit
Sameer Africa's half-year net profit for the period that ended on 30th June jumped to KSh154 million from a net loss of KSh59 million in the same period in 2020. [...]Tea Auction Records Sharp Increase in Prices; Kilo Hits $1.86
Theweekly MombasaTea Auction held on 26th, 27th, and 28th July 2021 had 10.8 million kilograms of tea offered for sale. The amount on offer decreased from 11.7 million kilograms for [...]WPP Scan Group NBV Delay Full-Year Results Until 31st August
Marketing and communication company, WPP Scan Group, and Nairobi Business Ventures will delay the release of their 2020 full-year results until 31st August according to separate statements issued by the [...]Kenya's Current Account Deficit Widens to 5.4% of GDP in June
Kenya's current account deficit, which measures a country's trade and financial flows with other nations, widened to 5.4% of GDP in the 12 months to June from 5.2% in the [...]Inflation ups 6.44% in July on Cooking Gas, Airtime, Electricity Price Hikes
Kenya's inflation rate for July has risen to 6.44% compared to 6.32% in June 2021, on account of the rising cost of electricity, cooking gas, airtime and transport. The Consumer [...]
African Securities Exchanges Procure Software to engage in Cross-Border Trading
African Securities Exchanges that include some of the most vibrant and biggest bourses in the continent have moved a step closer to doing linking up their trading floors to enable [...]NSE Weekly Equity Turnover down 10% to KSh 1.6 Billion
The Nairobi Securities Exchange(NSE) recorded a weekly equity turnover of KSh 1.6 Billion when trading ended at the bourse yesterday, a 10% decline from last week's turnover of KSh 1.8 [...]
