NSE Weekly Turnover Plunges 53.6% to KSh 2.32 Billion
Nairobi Securities Exchange (NSE) recorded a 53.6% decline at the close of last week to KSh 2.32 Billion. This is against a turnover of KSh 4.99 Billion recorded the previous [...]
4 Reasons Why the Government Launched Ardhisasa
Ardhisasa is a new land record system that was launched by president Uhuru Kenyatta on the 27th of April 2021 putting an end to manual land transactions. The process officially [...]
Nairobi-Nakuru-Mau Summit Highway Construction Begins this September
Nairobi-Nakuru-Mau Summit Highway is expected to begin taking shape this September, according to Transport Cabinet Secretary James Macharia. The more than KSh 168 Billion project will be undertaken by Rift [...]Devki Group Drops Bid for Mumias Sugar Company
Devki Group has announced its withdrawal from the race to invest in troubled Mumias Sugar Company, barely two weeks after it expressed interest in the company. According to Devki Group [...]
CBK Collects KSh 22.9 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 22.9 Billion from the weekly Treasury Bills Auction out of KSh 38.9 Billion received from investors, an oversubscription of 162.5%. The [...]Counties hit cash crunch over delayed Treasury Disbursements
Counties are facing a severe cash crunch and will not pay salaries or for supplies. This is after National Treasury failed to disburse KSh105.9 billion to the devolved units, a [...]KSh2.5 Billion Mombasa LPG Project to Benefit From IFC Loan
The International Finance Corporation has renewed its commitment to the Liquefied Petroleum Gas (LPG) project in Mombasa being developed by Mombasa Gas Terminal. Mombasa Gas Terminal is constructing a $23 [...]Family Bank to Raise KSh 8 Billion Through Medium Term Note Program
Family Bank has received approval from the Capital Markets Authority(CMA) to raise KSh 8 billion in tranches through a multi-currency Medium Term Note (MTN). This cash will be raised by [...]Total Kenya to Rebrand to TotalEnergies as it Moves to Cleaner Energy
Total Kenya, one of the biggest suppliers of Petroleum and Gas products in East Africa, has announced plans to change its name from Total Kenya Plc to TotalEnergies Marketing Kenya [...]Kenya Re Posts 26% Dip in Profit in 2020, After Delaying Results
Kenya Re-insurance has reported a full-year net profit of KSh2.94 billion for the year 2020, down from KSh3.966 billion in 2019, after requesting the Capital Markets Authority (CMA) for more [...]Kenya’s Inflation Hits 5.87% in May
Kenya recorded a slight increase in May inflation rate following an increase in food and transport cost. May Inflation increased from 5.76% in April to 5.87% in May 2021. A [...]Kellen Kariuki Named New Chair of StanChart's Board
Kellen Kariuki has been appointed as the new Chairperson of the Board of directors of Standard Chartered Bank Kenya, following the retirement of Engineer Patrick Obath. The appointment took effect [...]
