Oil Prices Slip Amidst Growing Concerns on Stockpiles and COVID-19 Vaccine
Oil pricesfell on Tuesday, extending declines for a third day, as concerns about rising stockpiles in the United States added to the threat to demand posed by countries including Germany [...]
Eveready East Africa Appoints New Acting Managing Director
The Eveready East Africa Board of Directors has appointed little known Thomas Mong'are Masaki as the new Acting Managing Director. This decision has been made pending the appointment of a [...]
Kenya Ranks 63rd Among 70 Global Corporate Tax Havens
Kenya occupies position 63 out of 70 jurisdictions globally, complicit in helping multinational companies underpay corporate income tax. According to a report dubbedCorporate Tax Haven Index (CTHI 2021)by the Tax [...]
Kenya Ponders Floating Another Eurobond to Settle Maturing US$8.5Billion Debt
Kenya is considering floating the 4th Eurobond on the international market as it seeks funds to help pay off part of its debt obligations, set to hit US$ 8.5 Billion [...]Spotify and The Business of Music in Kenya
In 2020, the highest-paid musician in the world was Kanye West who raked in $170 million. Sir Elton John comes in second with $81 million in earnings while Ariana Grande [...]Equity Group signs KSh 8.25 Billion deal with AGF to support MSMEs
Equity Group has signed an agreement worth US$ 75 Million (KSh 8.25 Billion) with African Guarantee Fund (AGF) Group to support the Bank scale up its lending activities to Micro, [...]Market Report; 15 March 2021
At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 12,335,800 shares in 888 deals, corresponding to a market value of KES 458,944,510.00, [...]India Mulls Cryptocurrency ban, will penalise Miners, Traders
India is set to pass a law that would criminalise possession, issuance, mining, trading and transferring crypto-assets, a senior government official told Reuters. This action follows a government plan to [...]Oil Prices Rally as U.S becomes India’s Second Biggest Oil Supplier
Oil pricesedged up on Monday, with Brent drifting near $70 a barrel, propped up by output cuts from major producers and optimism about global economic and fuel demand recovery in [...]Kenyan Mangoes to re-enter EU in September as fruit fly is suppressed
Kenya will resume its mango exports to the European Union (EU) in September this year. This follows the EU's tests, which showed low fruit fly infestation levels, allowing Kenya's re-entry [...]Kenya Withdraws from Maritime Border Case with Somalia
Kenya has announced that it will not take part in the hearings of its maritime border case with Somalia that were scheduled to start today, 15th March 2021, at the [...]Posta NTSA Ink Logistics Delivery Deal
The Postal Corporation of Kenya (PCK), alias Posta and the National Transport and Safety Authority (NTSA) have entered into a business deal, with PCK set to provide logistics and delivery [...]
