Pandemic Pushes Kenya Airways to comprehensive loss of Ksh 46 Billion
The plunge in travel caused by the coronavirus pandemic drove Kenya Airways into a comprehensive loss of Ksh 46.2 Billion for the year ended December 2020 compared to a loss [...]
Government to Cut Public Sector Allowances
The Salaries and Remuneration Commission (SRC) plans to slash public sector allowances in an attempt to bring down the high government wage bill. The commission made the announcement on Monday, [...]
Kenya UK Trade Agreement Now Operational
Kenya's trade agreement with the United Kingdom is now operational after both sides' officials completed the ratification process. Kenya aims to enhance its market share in the UK by 5% [...]NSE turnover rises to KSh 494.7 Million
Nairobi Securities Exchange(NSE) made a turnover of KSh 494.7 Million when trading ended this Monday, 22nd March 2021. This figure is compared to a turnover of KSh 260.3 Million when [...]
Telkom incurs KSh 300 Million loss in running State-Owned Fibre Optic Cable
Telkom Kenya has disclosed that it incurred a loss of KSh 300 Million after offering operational and management services for the state-owned fibre optic cable. The National Optic Fibre Backbone [...]BOC Kenya's proposed takeover by Carbacid hits Legal Minefield
BOC Kenya's proposed takeover by Carbacid in collaboration with Aksaya Investments has been put on hold pending the hearing of an appeal at the Capital Markets Tribunal. In a cautionary [...]Kenyan Diaspora Sends Home $260 Million in February
Kenyans living abroad have managed to send home substantial amounts of money in recent months, despite the covid19 related challenges. The overseas workers sent home $260.2 million in February 2021, [...]Kenya, UK launch Regulatory Toolkit for SMEs
Kenya and the UK have jointly launched a Business Regulatory Toolkit to help local Small and Medium-Sized (SMEs) and foreign businesses navigate the regulatory environment. This development comes as small [...]Oil Prices Edge Lower Amidst Concern on COVID-19 New Wave.
Oil pricesfell on Friday for the sixth day in a row, down nearly 9% for the week, as a new wave of COVID-19 infections in particular across Europe spurred fresh [...]
Kakuzi Net Earnings Drop 13% to KSh 622 Million, ups Dividends
Kakuzi Plc, a Kenyan agricultural listed at both the Nairobi Securities Exchange(NSE) and the London Stock Exchange, has reported a 13% decline in net profit to KSh 622 Million at [...]Co-operative Bank Net Earnings decline 25%, Declares KSh 1.00 Dividend
Co-operative Bank of Kenya recorded a net profit of KSh 10.8 Billion at the end of the financial year ended 31st December 2020. This is compared to a KSh 14.3 [...]CBK Collects KSh 23.3 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 23.3 Billion from this week's Treasury Bills Auction held on Thursday, 18th March 2021. The Government's fiscal agent received bids amounting [...]
