Mombasa Port Cargo Traffic up 10.7% to 9.54 Million Tonnes
Mombasa Port handled 9.54 million tonnes of cargo in the first three months this year, up 10.7% year on year, Rashid Salim, Acting Managing Director of Kenya Ports Authority (KPA), [...]
BOC Kenya Plc Owners to Earn Millions from Carbacid's Takeover Deal
BOC Kenya Plc top 10 shareholders will walk away with millions when Carbacid Limited finally buys the firm. Ngugi Kiuna, with a total of 1,484,700 shares or owning 7.6% of [...]CBK Accepts Bids Worth KSh 20.1 Billion at Weekly Auction
The Central Bank of Kenya (CBK) collected KSh 20.1 Billion from investors who put in bids at the weekly Treasury Bills Auction on 8th April 2021. This is out of [...]Kenya Shilling Strengthens on Impending IMF Disbursements
The Kenya Shilling has gained ground against the US Dollar over the past few days. This is as forex markets react to sentiments concerning an impending disbursement, in tranches, of [...]Telkom Kenya in C-Suite Changes as Kris Senanu, Steve Okeyo Exit
Telkom Kenya management level has experienced changes following the exit of Kris Senanu and Steve Okeyo, top managers at the firm. In a statement, Telkom Kenya said Kris is leaving [...]Kenya Business Activity Slows Sharply in March
Business activity in Kenya shrank sharply in March as the hike in fuel prices and covid19 restrictions hit key sectors of the economy such as the hospitality and entertainment industry. [...]
Eliud Kipchoge First Set of NFTs Fetch over $37,000
The auction of the first set of Eliud Kipchoge's non-fungible tokens (NFTs) closed on Thursday 23.00 Kenyan time and was sold for a total of 17.9837 in Ethereumcurrency, equivalent to [...]
KenGen Earns KSh440 Million from Geothermal Tender in Ethiopia
Kenya Electricity Generating Company (KenGen) has earnedKSh440.34 millionfrom drilling geothermal wells in Ethiopia. The company bagged the contract in 2019 to facilitate commercial consultancy and drilling services with Tulu Moye [...]
Kenya to Reduce Budget Deficit to 7.5% of GDP in 2021/22 Treasury
Kenya's National Treasury is optimistic that the budget deficit will contract to 7.5% of the GDP in the fiscal year 2021/22, which starts on 1st July 2021. The deficit currently [...]Fuel Tax Could Rise As Kenya Soaks IMF Pressure
Fuel prices look set for a hike if an advisory from the International Monetary Fund(IMF) for the country to hike Value Added Tax(VAT) on fuel from the current 8% to [...]CBK Accepts KSh 81.9 Billion from Bonds Sale, 147.6% Oversubscription
The Central Bank of Kenya (CBK) accepted bids worth KSh 81.94 Billion from the 18-year old April 2021 Infrastructure Bonds sale out of KSh 60 Billion that was on offer. [...]Angaza Awards Top 10 Finalists; Judith Sidi Odhiambo
Judith Sidi is the KCB Group Head of Corporate Affairs and this role involves managing brand reputation, stakeholder engagement, internal and external strategic communications, and sustainability and responsible banking. She [...]
