Jubilee Holdings Declares a Final Dividend of KSh580 Million as Profit Climbs 2%
Jubilee Holdings, East Africa's largest Insurance group, has declared a final dividend of KSh580 million for the year 2020, after posting a 2% rise in full-year net profit to KSh4.1 [...]
BOC Kenya is Top Price Gainer as Speculators eye Takeover Bid
BOC Kenya Plc climbed to top price gainer when trading ended at the Nairobi Securities Exchange(NSE) on Thursday, 15th April 2021. With a Market Capitalization of KSh 1. 31 Billion, [...]
Imperial Bank Board Members Face Enforcement Proceedings Over Oversight Failure
Kenya's capital markets regulator on Wednesday said it had started enforcement proceedings against the former board members of the collapsed Imperial Bank over their failure to perform the oversight role [...]EPRA fails to Adjust Upwards the April-May Fuel Pump Prices
The Energy and Petroleum Regulatory Authority(EPRA) has retained Diesel, Petrol and Kerosene's price in the period between 15th April and May 14th, 2021. This is despite an increase in the [...]CBK Approved Third-Party Credit Information Providers reach 1,994
The Central Bank of Kenya(CBK) has increased the number of Third-party Credit Information Providers(CIPs). This is to enhance the databases of Credit Reference Bureaus(CRBs), enabling them to have a more [...]IFC, Philips, Coop Bank Partner to Avail KSh30 Billion to SMEs
The International Finance Corporation (IFC), health technology firm, Philips, and the Co-operative Bank of Kenya have partnered to availKSh30 billionto Small and Medium-Sized Enterprises (SMEs) in the health sector. The [...]
NSE Turnover Declines 35% to KSh 499 Million
Nairobi Securities Exchange(NSE) recorded a turnover of KSh 499 Million, a 35% decline from KSh 770.6 Million posted this Tuesday, 13th April 2021. TransCentury Plc was the day's top price [...]Absa Kenya Launches Asset Management Unit
Absa Kenya has officially launched the Absa Asset Management Limited, a wholly-owned subsidiary that will offer wealth and asset management, as it eyes a piece of the lucrative KSh 1.3 [...]Telkom Kenya to Create a Digital Wallet for the Youth
Telkom Kenya has announced that it plans to create a youth-focused mobile money platform known as Fursa that will open up financial opportunities for young Kenyans. The initiative is in [...]Foreign-Owned ICT firms to Sell 30% Stake to Kenyans by 2024
Foreign-owned ICT firms have a deadline of three years to ensure they have a 30% ownership by Kenyans. In the latest Gazette Notice Vol. CXXIII—No. 69, dated 9th April 2021, [...]Kenya’s Lamu Port to Begin Operations in June 2021
Kenya's Lamu is set to be operational from June this year, after China Communications Construction Company completed construction of the first three berths of the port, worthKSh48 billion. According to [...]Kenya Resumes Avocado Exports
Kenya has announced the resumption of avocado exports after the horticulture agency lifted afour-month banon the export of produce. This comes following the fruits' maturation in farms, coming as a [...]
