Kenya Imported 185,000 Tonnes of Second-hand Clothing in 2019
Kenya, one of the largest importers of second-hand clothing in Sub-Saharan Africa, imported approximately 185,000 tonnes of second-hand clothing, approximately 8,000 containers in 2019. Between 2015 and 2019, the country [...]
Business Confidence Dips Slightly in February
Business activity in Kenya continued to improve in February as the level of output and new orders increased. However, the pace of growth slowed down to the weakest pace in [...]
Sanlam Kenya issues a Profit Warning as Pandemic hits its Returns
Sanlam Kenya, formerly Pan Africa Insurance Holdings, whose parent is Sanlam Group( South Africa), has noticed that its net profit for 2020 will drop by more than 25% compared to [...]
Equity Bank Rolls Out KSh75 Billion Financing for SMEs
Equity Bank has announced plans to lend KSh75 billion to Small and Medium Enterprises (SMEs) at concessionary terms, at 13% interest for a period of five years. The funds include [...]NSE Turnover falls 74% to KSh 197.7 Million
Nairobi Securities Exchange (NSE) recorded a 74% fall in turnover to KSh 197.7 Million when trading ended this Wednesday when a total of 5,708,300 shares exchanged hands in 944 deals. [...]Car General to Hold Virtual AGM on March 25, 2021
The automotive listed company, Car General, has announced that it will hold its 81st Annual General Meeting on March 25, 2021 starting from 10.00am. Due to the government's restriction [...]Grain Bulk Handlers Limited under Siege as MPs seek to End its Monopoly Status
Grain Bulk Handlers Limited(GBHL) faces pressure from Kenyan Members of Parliament(MPs)who want the firm's monopoly at the port of Mombasa ended. In a report, the powerful National Assembly’s Finance and [...]EABL Appoints Dayalan Nayager as Non-Executive Director
East African Breweries Limited has named the Managing Director for Diageo Great Britain, Dayalan Nayager, as a non-executive director on the twelve-member board. Dayalan will replace Andrew Cowan, the former [...]Kenya Power to Install Charging Points for Electric Cars Countrywide
Electricity distributor, Kenya Power, has announced plans to install charging points for electric cars along major highways, parking lots and malls, countrywide. The move seeks to bringnew revenue streamsand boost [...]US Trade Rep Nominee promises to review US-Kenya Trade Deals
US Trade Representative Nominee Katherine Tai has told a US Senate Finance Committee that she will review all trade agreements between the US and Kenya if the US Senate confirms [...]NSE Derivatives Market Data goes live
The Nairobi Securities Exchange (NSE)tech sophistication has gone a notch higher. This follows the introduction of real-time Derivatives Market data on the Elektron Real-Time platform offered by Refinitiv. Elektron Real [...]IMF Raises Kenya's Economic Growth Forecast for 2021 to 7.6%
The International Monetary Fund has raised Kenya's 2021 economic growth forecast from 4.7% to 7.6% after reaching a financing agreement with Kenyan authorities. The IMF, on February 16, 2021, revealed [...]
