KenGen to Earn KSh 119 Million from 550,981 Carbon Credits Sale
Kenya Electricity Generating Company (KenGen) is to benefit from its Clean Development Mechanism (CDM) Projects, earning an estimated KSh 119 Million. This follows the issuance of additional 309,495 Certified Emission [...]
NSE Derivatives Market Turnover Hits KSh 148 Million in H1, 2021
The Nairobi Securities Exchange(NSE) Derivatives Market has grown steadily since its launch in July 2019, with turnover growing from KSh 20.5 Million in 2019 to KSh 148 million by the [...]Anwar Soussa to Lead Safaricom's Subsidiary in Ethiopia
Anwar Soussa has been picked to lead the Global Partnership for Ethiopia, an international consortium comprising Safaricom Plc, Vodacom Group, Vodafone Group, Sumitomo Corporation and CDC Group. The company was [...]
CIC is Day's Top Mover at NSE as Turnover Declines
CIC Insurance Group recorded the highest volume of 5.5 Million traded shares, followed by Safaricom (3.3Million), Absa Bank Kenya (3.15Million), Kenya Power Lighting Company (1.82Million) and Equity Group with [...]Nairobi Business Ventures is Week's Top Price Gainer At NSE
Nairobi Business Ventures(NBV), a listed Kenyan shoe and leather accessories retail chain operating under the brand name KShoe, recorded a 44.48% rise in share price to close last week at [...]Kenya's Forex Reserves Rise to $9.5 Billion, Highest Level in 12 Months
Foreign exchange reserves held at the Central Bank of Kenya last week rose to their highest level in 12 months, data from the central bank showed on Friday. The reserves [...]KCB, Equity Group On List of Africa's Top 25 largest lenders
KCB Group is placed in the first position as East Africa's largest lender according to the 2021 Top 1,000 World Banks Ranking released by The Banker Magazine. These rankings are [...]KRA Tax Collections Hit New High of KSh 1.669 Trillion
Kenya Revenue Authority(KRA) tax collections in the just ended 2020/21 financial year reached a new record of KSh 1.669 Trillion compared to KSh 1.607 Trillion the previous year. As reflected [...]Treasury faces Borrowing Caps from Parliament
Treasury will now require clearance from the National Assembly for any borrowings that exceed KSh 1 Billion. This follows approval by parliament of a report its watchdog, the Public Accounts [...]Kenya's Securities Depository (CDSC) Gets Ready To Unveil Upgraded System With New API
The Central Depository Settlement Corporation (CDSC), the premier provider of clearing and settlement services in the Kenya's Capital Markets is getting ready to launch its Application Programming Interface (API) [...]
Coffee Auction Records 27% Increase in Prices on Resumption
Prices at the Nairobi Coffee Exchange (NCE) weekly coffee auction recorded a 27% increase on resumption of trading after a two-month recess. During the first sale after the resumption of [...]
Centum Real Estate Net Earnings Drop 102% to KSh 650.4 Million
Centum Real Estate Limited recorded a significant drop in its financial year for the period ended 31st March 2021 to KSh 650.4 Million from KSh 2.3 Billion over a similar [...]
