Tea Auction Records a Sharp Decrease in Prices
Theweekly MombasaTea Auction held on 8th, 9th and 10th March 2021 had 12.1 million kilograms of tea offered for sale. The amount on offer decreased from 13 million kilograms offered [...]
Petrol Prices Hit Ksh 122.8 Following a Leap in March Pump Prices
Super Petrol prices rose by Ksh 7.63 to retail at Ksh 122.81 per litre following the latest Energy and Petroleum Regulatory Authority (EPRA) review. The hike in pump prices also [...]Kenyan Ms Wawira Njiru granted a fellowship at World Economic Forum
Ms Wawira Njiru, a Kenyan food activist, has been granted a fellowship at the prestigious World Economic Forum(WEF). This fellowship is in recognition of her known efforts of supplying affordable [...]
KCB, Huawei to Unveil New Mobile Banking Product, To partner with Big Tech
Kenya Commercial Bank (KCB) plans to officially launch its Vooma loan product, a platform developed jointly with Chinese telco giant Huawei. Vooma-Swahili word for speed, a payments and settlements platform, [...]CMA Invites IT Specialists to Develop its ICT Framework
The Capital Markets Authority (CMA), the government agency in charge of Kenya's financial markets, is seeking ICT specialists to develop its Information and Communication Technologies (ICT) framework. As Kenya develops [...]
Kenyans Spend More on New Clothes than Mitumba Industry Report
Kenyans spend more money on new clothes than they do on mitumba, a report by the Institute of Economic Affairs (IEA) shows. The report dubbed State of Second-Hand Clothes and [...]KQ finally Makes the list of Airlines to ferry COVID-19 vaccines
Kenya Airways(KQ) has finally been hired by UNICEF in a list of 15 airlines contracted to ferry the COVID-19 vaccine. Unicef and the Government's communication points to the health body's [...]Global Markets; Biden Signs Package, US stocks rally, OPEC Forecasts
Major indexes in the US stock market on Thursday closed higher with the Dow Jones and SP 500 closing at all-time highs of 32,485.59 points (+0.58%) and 3,939.34 (1.04% points [...]
CBK accepts KSh 22.6 Billion at the Weekly T-Bills Auction
The Central Bank of Kenya(CBK) took KSh 22.621 Billion at the weekly Treasury Bills Auction out of bids worth KSh 22.624 from investors. This represented an undersubscription of 94.27%, the [...]Maize imports from EAC to Kenya to comply with Tougher Rules
Maize imports from the East African Community(EAC) member countries will have to meet stringent sanitary standards before entering the Kenyan market. Contrary to reports that Kenya had banned all maize [...]Kenya's Mobile Phone Sales Jump by 15% in Q4, 2020
Kenyans bought more mobile phones in the three months from October to December 2020 than they did from July to September of the same year. According to IDC, a premier [...]Market Report; 11 March 2021
At the end of today's trading session on the Nairobi Securities Exchange A total of 16,376,700 shares in 773 deals, corresponding to a market value of KES 690,276,715.00, were traded. [...]
