CBK Accepts KSh 25.4 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 25.4 Billion at the Weekly-T Bills Auction of July 1st, 2021, against KSh 31.4 Billion received from investors, representing a performance [...]
KRA Imposes Fines for late Filing of Annual Returns
Kenya Revenue Authority(KRA) will impose a penalty for firms and individuals who did not file their annual returns before the deadline. Taxpayers will be charged for late filing of tax [...]CMA and KEPSA Sign Deal to enable SMEs Access Capital
The Capital Markets Authority (CMA) inked a partnership with the Kenya Private Sector Alliance (KEPSA) to allow small and medium-sized enterprises to access capital market products. This will hence [...]CIC Insurance Group Names Dr Nelson Kuria as Chairman of its Board
CIC Insurance Group has picked Dr Nelson Kuria as the new Chairman of its board of directors with effect from 29th June 2021. Dr Kuria takes over from Japheth Magomere [...]
KQ Cuts Uganda Flights Frequency from 12 to 9, Weekly
Kenya Airways (KQ) has cut its flight frequency to Entebbe, Uganda, from 12 to 9, weekly, citing an upsurge of COVID-19 in Uganda and strict government containment measures (total lockdown [...]
KPA Appoints Amb. John Mwangemi as Acting Managing Director
The Kenya Ports Authority (KPA) has named Amb. John Mwangemi as the new acting managing director with effect from 1st July 2021, as the agency looks for a suitable candidate [...]China Freezes Disbursement of Active Kenyan Loans
China has frozen the disbursements of loans to Kenya, citing discomfort over Kenya's request to extend the debt repayment holiday to December from an earlier deadline of June. Consequently, Chinese-funded [...]KQ Changes Aircraft Lease Terms, to Save $45 Million
Kenya Airways (KQ) has negotiated for a productivity-based payment method with its lessors, seeking to evade the fixed cost and cut expenses involved in fleet management. The airline has changed [...]Nairobi Business Ventures Changes its Leadership Team
As part of an overhaul of its leadership team, Nairobi Business Ventures (NBV) has appointed the former Nairobi Securities Exchange (NSE) Chairman, Samuel Njuguna Kimani, as the new chairman on [...]Kenya's June Inflation Rises to 6.32%
Kenya’s inflation rose to a 16-month high in June, hitting 6.32% compared to the 5.87% Inflation rate in May. A report from KNBS (the Kenya National Bureau of Statistics) attributes [...]Nairobi Business Ventures to Acquire 4 Businesses at KSh3 Billion
Nairobi Business Ventures (NBV) has announced plans to acquire four businesses in Kenya at a combined cost of KSh3 billion. According to a public statement, NBV intends to purchase 100% [...]Daniel Kiptoo Named Head of the Energy Petroleum Regulatory Authority (EPRA)
The Energy and Petroleum Regulatory Authority (EPRA) has named Daniel Kiptoo as the new Director-General of the energy regulatory body with effect from 1st July 2021. Daniel Kiptoo has been [...]
