NSE Daily Turnover declines 60% to KSh 126.8 Million
Nairobi Securities Exchange (NSE) turnover declined 60% to KSh 126,795,375.00 when trading ended at the bourse on 19th April 2021. This was on a total of 4,860,300 shares that changed [...]
High Court Pauses Collections of 1% Minimum Tax
The High Court granted conservatory orders stopping the Kenya Revenue Authority from collecting minimum taxes pending the hearing and determination of petitions against the tax. Justice George Odunga urged the [...]
Kenya's Foreign Exchange Reserves hit US$ 7.7 Billion
Kenya's foreign exchange reserves reached US$ 7,656 Million, equivalent to 4.71 months of import cover, as of April 15th 2021.This is compared to US$ 7.4 Billion as of April 8th [...]Trans Century Plc climbs to Week's Top Price Gainer at NSE
Trans Century Plc was the top gainer at the Nairobi Securities Exchange(NSE), its share price rising 18.45% to close at KSh 1.22 per share. This is compared to KSh 1.03 [...]IFC to Invest KSh215 Million in Nairobi Based Antler EA
The International Finance Corporation (IFC), which is part of the World Bank, plans to invest up to $2 million (KSh215 million) in Antler East Africa, a venture capital firm based [...]
CIC Named Winner of Decade of Excellence Insurance in Kenya for 2021
CIC Group was named the winner of the Decade of Excellence Kenya 2021 Award in the 2021 Global Banking and Finance awards. CIC Group CEO Patrick Nyaga says the global [...]KRA Collects KSh 21 Billion using Alternative Dispute Resolution Option
The Kenya Revenue Authority (KRA) has collected over KShs 21 billion using its Alternative Disputes Resolution (ADR) mechanism. This is after the tax authority resolved 393 ADR cases this financial [...]US Stocks End Week at Record High
Wall Street US stocks ended the week higher with the Dow Jones, Nasdaq 100 and SP 500 reaching new record highs. The investor optimism was mainly driven by the retail [...]
James Ndegwa's Six-year Stint As CMA Board Chairman Ends
Capital Markets Authority (CMA) Board of Directors Chairman James Ndegwa has left the regulatory state agency. This follows the expiry of his two terms of three years as Board Chairman [...]CBK Collects KSh 18.2 Billion at Weekly Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 18.2 Billion from the Weekly Treasury Bills Auction conducted Thursday, 15th April 2021. This represents a subscription rate of 86.91% The [...]Relief for Depositors as CBK Approves Chase Bank's Liquidation
Five years after Chase Bank went into receivership, the Central Bank of Kenya (CBK) has today given the green light for the bank to be liquidated. The decision followed a [...]Liberty Kenya Posts 2% Growth in Premiums
Liberty Kenya, one of Kenya's top insurers, posted a 2% growth in gross premiums to KSh11.2 billion in 2020. The firm's total income from net insurance premiums, investments, interest payments, [...]
