Lexo Energy to Install Electric Vehicle Charging Stations After KSh1.5 Billion IFC Loan
Lexo Energy, a leading fuel retailer in East Africa, plans to gradually install electric vehicle charging stations in Kenya and Tanzania after a $14.2 million (KSh1.5 billion) loan from the [...]
Safaricom led Consortium To Start Ethiopia Operations in 2022
A license to operate telecommunication services in Ethiopia was on Saturday awarded to Kenya’s telco giant Safaricom in a consortium made up of Vodafone, Japan’s Sumitomo, and UK finance agency [...]
Pangea launches KSh 300 Million fund for Kenyan Start-Ups
Pangea, a Norwegian based accelerator program and an investment platform that matches African start-ups with investors, has rolled out a scale-up program that provides funding of up to KSh 300 [...]
NSE Daily Equity Turnover Rises 59% to KSh 757.9 Million
Nairobi Securities Exchange(NSE) recorded an increase in turnover by 59% to KSh 757.9 Million when trading closed this Monday, 24th May 2021. NSE top price gainer Top price gainers were [...]CBK to Retain Policy Rate at 7% when its MPC Meets, say Analysts
The Central Bank of Kenya(CBK) is expected to retain the key policy rate at 7% when its top decision-making organ, the Monetary Policy Committee(MPC), holds its session this Wednesday, 26th [...]Standard Chartered's Q1 Profit Jumps 19% to KSh2.39 Billion
Standard Chartered Bank Kenya has reported a 19% improvement in net profit in the first quarter of 2021. The tier-one lender posted a net profit of KSh2.39 billion at the [...]Foreign Remittances in April Climb to Highest Level in 2021
Kenyans in the diaspora sent home a record amount of money in the month of April according to data released by the Central Bank. Foreign remittances rose to $299.3 million [...]Unga Group Plc Week's Worst Performer at NSE
Unga Group Plc was the top price loser when trading at the Nairobi Securities Exchange(NSE) ended on Friday last week. The counter posted an 11.95% share price decline to end [...]Safaricom led Consortium clinches US$ 850 Million Ethiopian licence
A licence to operate telecommunication services in Ethiopia has been awarded to Kenya's telco giant Safaricom in a consortium made up of Vodafone, Japan's Sumitomo and UK finance agency CDC [...]NHIF Contributors to get 15% Tax Relief- Proposes Finance Bill 2021
National Hospital Insurance Fund(NHIF) contributors will get tax relief beginning January 2022 if the Finance Bill 2021 proposals are passed into law. Kenya's Finance Bill 2021 was published on 5th [...]Stanbic Bank Kenya Records KSh 1.9 Billion Net Earnings in Q1, 2021
Stanbic Bank Kenya has registered a 26.7% increase in Net Earnings at the end of the first quarter of this year ending March 31st 2021, compared to KSh 1.5 Billion [...]8 firms Submit Bids to run Mumias Sugar Company on a Lease
A tender for the leasing of debt-ridden Mumias Sugar has attracted eight firms, including the Devki Group- a steel and cement manufacturing conglomerate run by tycoon Narendra Rava. The giant [...]
