NSE Turnover rises 76% to KSh 433.1 Million
Nairobi Securities Exchange(NSE) recorded an increase in turnover to KSh 433.1 Million or 76% rise when trading ended at the close of the week, Friday 16th July 2021. A total [...]
Directline Assurance gets Nod to Underwrite Non-Motor Business
Directline Assurance Limited has received approvals from the Insurance Regulatory Authority(IRA) to underwrite non-motor businesses. According to the underwriter's Chief Executive Officer Evans Nyagah, the move has been prompted by [...]Kenya Airports Authority confirms Alex Gitari as CEO/MD
Kenya Airport Authority Board of Directors has confirmed Alex Gitari as the Authority’s new Managing Director and Chief Executive Officer. Ms Susan Kiama, on behalf of the Board, said Alex [...]Tourist Arrivals in Kenya hit 305,635 between January-June 2021
Tourist arrivals in Kenya reached 305,635 between January and June 2021, more than the total yearly arrivals recorded last year, a sign that the industry is on a solid rebound. [...]EPRA holds July-August Fuel Prices as Cost of Imported Crude falls
The regulatory Energy and Petroleum Regulatory Authority(EPRA) has held the pump prices of Super Petrol, Diesel and Kerosene during its latest review, covering the period between 15th July and 14th [...]NSE lists Standard Group Limited as Day's Top Price Gainer
Nairobi Securities Exchange(NSE) has listed Standard Group Limited(SGL) as the top price gainer, the counter recording an 8.38% share price appreciation to KSh 18.75 per share when trading ended at [...]Linkham Group Completes Acquisition of Stake in Resolution Insurance Kenya
Linkham Group, a Mauritius headquartered global insurance services firm, has confirmed the completion of its acquisition of a majority stake in Resolution Insurance Kenya. The deal will see Linkham Group [...]Safaricom Pays KSh106 Billion in Taxes License fees to Kenyan Government in 2021
For the 13th year in a row, the Kenya Revenue Authority named Safaricom as the top taxpayer in Kenya in 2020. The leading telecommunications company paid KSh106 billion in duties, [...]
Rent for Office Space to Decline in 2021 Due to Oversupply-Report
Rent for office space is expected to decline to US$ 8.7 per square metre( KSh 939.60) in 2021 as retail rates fall to US$ 14.6 per square metre(KSh 1576.80). This [...]Kenya’s Women Entrepreneurs Held Back from Corporate Procurement
When Annmarie and Nancy Kathendu – the two sisters – walked to Nakumatt in 2014, they were attempting to disrupt a grocery market largely dominated by men. Armed with a [...]
NSE Records Kapchorua Tea Company as Day's Top Price Gainer
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share [...]Kenya Mortgage Refinance Company to Issue Housing Bond by End of 2021
Kenya Mortgage Refinance Company (KMRC) plans to issue a housing bond before the end of this year as part of its strategy to offer cheaper finance to prospective homebuyers. With [...]
