Foreign Currency Reserves Fall to 5-Week Low
Kenya's foreign currency reserves continued to shrink for the fourth straight week according to data released by the Central Bank of Kenya (CBK). The reserves fell to $7.48 billion on [...]
Tea Auction Records Increase in Prices
Theweekly MombasaTea Auction held on 24th, 25th and 26th May 2021 had 12.8 million kilograms of tea offered for sale. The amount on offer increased from 12.6 million kilograms for [...]
Nation Media Group Shareholders to Approve Share Buyback
Nation Media Group (NMG) Board of Directors has recommended that the firm's shareholders effect the Share Buyback plan by way of open market purchases through on the Nairobi Securities Exchange [...]
Kenya in Ugly Row with Dubai over Emirates Flights
Kenya and Dubai-based Emirates airline have been drawn into an ugly quarrel over a push to have additional flights into Nairobi. Transport Cabinet Secretary James Macharia said the Director-General of [...]Kenya Railways Corporation to Begin Hourly Train Rides in Nairobi
Kenya Railways Corporation (KRC) will begin providing hourly rides on its Diesel Multiple Units(DMUs) for Nairobi Commuters after receiving the second batch of six more trains from Spain. According to [...]Florah Mutai Picked as New KEPSA Board Chairperson
Ms Flora Mutai has been appointed the new Board Chairperson of Kenya Private Sector Alliance (KEPSA), the first female to occupy this position. Jaswinder Bedi will serve as the Board [...]Adja Samb Appointed CEO Jubilee Allianz General Insurance Limited, Kenya
Jubilee Allianz General Insurance Limited, Kenya, has appointed Adja Samb as the new Chief Executive Officer, effective July 1st, 2021. She will succeed Catherine Igathe, the current CEO of Jubilee [...]KLM to Launch Direct Flights into Mombasa in October
KLM Royal Dutch Airline, the flag carrier of the Netherlands, is set to launch direct flights into Mombasa beginning October 31st 2021. The two flights a week will be on [...]HF Group Reports KSh191 Million Net Loss in Q1 2021
HF Group has posted a KSh191 million net loss in the first quarter of 2021, a decline from the KSh633,000 net loss reported in the first quarter of 2020. The [...]Family Bank Group Net Earnings up 71.2% to KSh 510 Million in Q1, 2021
Family Bank Group posted net earnings of KSh 510.2 Million in Q1 2021 compared to KSh 297.9 Million in Q1, 2020, an increase of 71.2%. The lender's pre-tax profit for [...]Kenya to get US$750 Million from World Bank in a fortnight
Kenya expects to receive a loan of US$750 Million from the World Bank in the next two weeks to support its budget. This disclosure has been made by the Central [...]CBK Accepts KSh 20.6 Billion at Weekly T-Bills Auction
The Central Bank of Kenya accepted KSh 20.6 Billion out of bids worth KSh 36.6 Billion at the weekly Treasury Bills auction, a performance rate of 152.41%. The one year [...]
