Kakuzi to resume UK Avocado Exports After 8 Months
Listed Agricultural firm Kakuzi is gearing to resume exports of avocadoes to supermarkets in Europe which stopped buying its produce in October 2020. Kakuzi faced scathing accusations of engaging in [...]
Uber Taxi increases prices in Kenya, Nigeria due to Driver Protests
Uber Technologies Inc. has raised fares in Kenya and Nigeria in response to demand by drivers for a higher share of commissions to compensate for increased operations costs. It added [...]Safaricom To Pay Ksh 55 Billion in 2021 Total dividends despite Profit Decline
East Africa's largest listed company Safaricom Plc on Thursday released its full-year financial results for the period ended 31st March 2021 reporting a slight increase of 0.6% in total revenue [...]
Home Afrika is top price gainer at the NSE
Home Afrika was the top price gainer when the Nairobi Securities Exchange(NSE) activity ended this Wednesday. The stock closed its last trading day at KSh 0.45 per share, recording a [...]NSE launches Unquoted Securities Platform
The Nairobi Securities Exchange (NSE) Plc has officially launched its Unquoted Securities Platform (USP). The USP is a market infrastructure that facilitates the trading, clearing and settlement of securities of [...]WPP ScanGroup Delays Financial Results over Internal Investigations
WPP ScanGroup Plc Board of Directors has informed the firm's shareholders that it will delay the publication of audited accounts for the financial year ended 31st December 2020. These results [...]Express Kenya to Delay Publication of its End-year Results
Listed firm Express Kenya Limited has notified the public that it will delay publication of the 2020 end year financial statements. Express Kenya joins a growing list of firms that [...]Pension Institutions set Aside KSh 3 Million for Training in Financial Literacy
The Institute of Pension Management (IPM) and the School of Pension and Retirement Studies (SPRS) have partnered to offer financial literacy training to both individuals and corporates on pension matters. [...]Kenya Suspends Flights to and from Somalia for 3 Months
Kenya has suspended all commercial and cargo flights to and from Somalia with effect from 11th May 2021 until at least 9th August 2021. The decision means all chartered and [...]
Branch International Gets Nod to Acquire 84.89% Stake in Century Microfinance Bank
The Competition Authority has approved the proposed acquisition of a 84.89% stake in Century Microfinance Bank by Branch International Limited. Branch International, a Silicon Valley-based start-up, offers loans to first-time [...]Sasini Books KSh122 Million Profit in Six Months
Sasini Plc, one of the leading producers of tea and coffee in Kenya, reported remarkable improvement in net profit in the half-year period that ended on 31st March 2021. Despite [...]
CBK Accepts KSh 20.8 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 20.8 Billion at the weekly Treasury Bills auction out of KSh 31.4 Billion received from bidders, an oversubscription of 131.01%. The [...]
