Kenyans lose Millions as Amazon Web Worker' Ponzi shuts Down
A section of Kenyans who had invested their cash in an online App known as Amazon Web Worker are counting their losses after the App was deleted over the weekend [...]
First Berth of Newly Constructed Lamu Port to Commence Operations
The first berth of the long-awaited Lamu Port is set to be launched and commence operations this Wednesday, 20th May 2021. Lamu Port project Lamu Port is a flagship project [...]Car General's Half-year Profit Rises to KSh460.6 Million on Increased Demand for Motorcycles
Car General's net profit for the six months that ended on 31st March 2021 jumped by 180% boosted by the high demand for two-wheelers and three-wheelers in Kenya and [...]
Transcentury Reports KSh1.4 Billion Half-Year Loss, Plans to Issue 2 Billion Additional Shares in Rights Issue
Transcentury has reported a KSh1.4 billion net loss for the half-year period that ended on 30th June 2020 compared to a net profit of KSh297 million posted in the same [...]NSE Weekly Turnover hits KSh 3.1 Billion As Banks Run the Show
The Banking Sector was the most active at the Nairobi Securities Exchange(NSE) when trading closed last week, with shares valued at KSh 1.8 Billion transacted which accounted for 60.96% of [...]Kenya's Finance Bill 2021 Proposes Removal of Parliament's Oversight on VAT Approval
The Finance Bill 2021 has proposed to remove the requirement for the Cabinet Secretary, National Treasury and Planning to table any VAT Regulations to Parliament for approval. Experts point out [...]Three Longtime NSE Board Members to Retire in June
The Nairobi Securities Exchange (NSE) has announced that Bob Karina, Samuel Kimani, and Hosea Kimutai are set to retire from the company's board on 3rd June 2021, after nine years [...]Petrol prices up as Diesel, Kerosene holds Steady in May
The pump price of Petrol has gone up by KSh 3.56 per litre while that of Diesel and Kerosene will remain unchanged beginning midnight of 15th May 2021 to 14th [...]Telkom Kenya creates Digital, Financial Services Subsidiaries
Telkom Kenya has created two wholly-owned subsidiaries to house its Digital and Financial Services business to enhance service delivery. In a statement, the firm said the Consumer Service Delivery Unit [...]Treasury picks KSh 20.7 Billion from May Treasury Bonds Tap Sale
Treasury, through its fiscal agent-the Central Bank of Kenya, accepted bids worth KSh 20.693 Billion at the May Treasury Bonds tap sale, where it offered for sale the 15-year and [...]CBK Collects KSh 20.5 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted KSh 20.452 Billion at the Weekly Treasury Bills Auction, out of bids worth KSh 26.6 Billion received, representing an oversubscription rate of 110.74%. CBK [...]Safaricom Volumes Drop at NSE as Investors react to the firm's Declined Earnings
With a Market Capitalization of KSh 1.58 Trillion, Safaricom Plc dropped its position as the top mover at the Nairobi Stock Exchange(NSE) with a volume of 2.32 Million shares and [...]
