Kenswitch appoints Ms. Karimi Ithau as Managing Director
The Board of Kenswitch Kenya Limited has appointed Ms. Karimi Ithau as Managing Director as the company rolls out its new market direction. Ms. Karimi Ithau is a seasoned professional [...]
Pawame, a Solar Startup Receives US$ 2.5 Million for Expansion
Pawame, a Kenyan solar energy startup, has obtained US$1.7 million in grants and US$750,000 in equity to fund its growth and expansion. Pawame startup founders Founded five years ago by [...]
TransCentury Plc is Week's Top Price Gainer at NSE
TransCentury(TCL) was last week's top gainer, adding 18.03% in investor wealth to close the week at KSh 1.44 per share from its previous closing price of KSh 1.32. TransCentury share [...]Kenya Reopens its Airspace With Somalia
Kenya has resumed flights to and from Somalia by reopening its airspace following closure in May this year. According to Kenya's Ministry of Foreign Affairs, this is a goodwill gesture [...]Kenya Revenue Authority to Collect KSh 1.7 Trillion in 2021/22
Kenya Revenue Authority(KRA) plans to collect KSh 1.7 Trillion in tax revenue during the 2021/22 financial year. This is compared to KSh 1.4 Trillion in 2020/2021 and represents an increase [...]TransCentury Shareholders Give Nod to 5: 1 Rights Issue
TransCentury shareholders have authorized the firm's directors to carry out a rights issue for the allotment and issuance of up to 2 billion additional ordinary shares in the Company. This [...]Donald Wangunyu, Stephen Chege Appointed Directors at NSE
The Nairobi Securities Exchange(NSE) Board has announced two new Non-Executive Directors, Donald Wangunyu and Stephen Chege. Wangunyu will represent the interests of trading participants on the NSE Board, while Chege [...]Kenya receives US$ 750 Million from World Bank for COVID-19 Recovery
Kenya has received US$ 750 Million from the World Bank to reinforce its resilient, inclusive green economy recovery from the COVID-19 crisis. The World Bank approved this development policy financing [...]Williamson Tea Projects More than 25% Drop in Full-year Net Profit
Williamson Tea, one of the oldest tea companies in Kenya, has issued a profit warning for the financial year that ended on 31st March 2021. In a public statement, the [...]
CBK Accepts Bids Worth KSh 18.5 Billion At T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 18.5 Billion out of KSh 43.6 Billion at the Weekly Treasury Bills Auction, an oversubscription of 181.76%. The most attractive instrument [...]KenGen Enters Final Phase of Olkaria 1 AU 6 Power Plant
Kenya Electricity Generating Company PLC (KenGen), a leading power producer, has begun installing a Steam Turbine into the Olkaria 1 AU 6 Power Plant. The Steam Turbine is the component [...]Africa's Smartphone Market Rebounds Strongly in Q1 2021
The smartphone market in Africa recovered strongly in the first quarter of 2021 after a difficult 2020. According to the International Data Corporation (IDC), the region's smartphone sales rose 16.8% [...]
