Relief as SWVL Resumes Operations in Nairobi
Egyptian ride-hailing firm, SWVL, has announced the resumption of its regular commuter services in Nairobi, adding to their recently launched innovations dubbed Swvl Carpool and Swvl Travel. Launched late last [...]
AfDB Ranked as the World's Best Multilateral Financial Institution for 2021
The African Development Bank has been ranked as the world's Best Multilateral Financial Institution for 2021 by the world-renowned American Magazine, Global Finance. Global Finance names the World's Best Investment [...]
Market Report; 09 March 2021
At the end of today's trading session on the Nairobi Securities Exchange A total of 18,277,600 shares in 1,026 deals, corresponding to a market value of KES 504,255,855.00, were traded. [...]
Profit Warnings 2021
Last Updated; 9th March 2021 Company Sector 1 Absa Bank Plc Banking 2 Kenya Power Energy 3 Britam Holdings Insurance 4 NCBA Banking 5 UNGA Group Commercial and Services 6 [...]
Claims Settlement for Long Term Insurance Business Improve in Q4 2020
A report by the Insurance Regulatory Authority (IRA) shows that claims settlement in the long term Insurance business in Kenya improved in the 4th quarter of 2020 compared to the [...]The Kenya Red Cross Launches Sarafu; a Token-Driven Basic Income System
The Kenya Red Cross, the largest humanitarian organization in Kenya in conjunction with the Danish Red Cross and Grassroots Economics, has launched a basic income system called Sarafu Network to [...]Homeboyz Entertainment Issues Profit Warning as Covid19 Restrictions Affect its Business
Homeboyz Entertainment Plc, an entertainment company in East Africa, says that its net profit for the year ending December 31st 2020 is expected to be considerably lower than the net [...]Nation Media Group Stock Begins To Decline After Buyback Rally
Shares of Nation Media Group fell on Monday and on Tuesday's session after rallying by more than 57% last week driven by recent news that it will consider abuyback ofup [...]Oil Prices Rise on Expected Economic Recovery
Oil prices recorded a rise on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved a $1.9 trillion stimulus bill and a likely drawdown [...]AfDB Approves $1.3 Million Grant for M-KOPA and Pula
The AfDB (African Development Bank) has approved two grants amounting to $1.3 million to Pula Advisors Kenya Ltd and M-KOPA Kenya Ltd; both financial technology firms. The funding seeks to [...]Tea Auction Prices Skyrocket; Hit $2,06 Per Kg
Theweekly MombasaTea Auction held on the 1st, 2nd, and 3rd March 2021 had 12.3 million kilograms of tea offered for sale. The amount on offer decreased from 12.8 million kilograms [...]Kenya's Foreign Currency Reserves Drop to 3-Year Low
Kenya's foreign exchange reserves last week fell to one of the lowest levels in years, according to data from the Central Bank. The reserves decreased by $246 million in one [...]
