Central Bank to Tighten the Noose on Predatory Mobile Moneylenders
The Central Bank of Kenya (CBK) is set to regulate all digital money lenders' activities. This is as soon as the Central Bank of Kenya( Amendment) Bill 2020, currently, before [...]
Britam Announces Organisational Restructure Targeting Executive Team
Britam Holdings, one of East Africa's largest insurance companies, has announced a new organizational restructure that targets the executive team. According to a public statement released by the insurer, the [...]
Astral Aviation, Kenyan Carrier eyes Middle East Cargo business
Astral Aviation, a Kenyan-based Cargo airline, has linked up with Sharjah International Airport (SHJ) Cargo Centre to create a hub and increase its presence in the Middle East Cargo market. [...]Kenya's February Inflation Rises to Nine-Month High
The jump in the price of fuel and some food items last month pushed up the February inflation rate to 5.78%, the highest level in nine months. The inflation rate [...]President Uhuru Kenyatta Appointed EAC Chair
The EAC (East African Community) has appointed President Uhuru Kenyatta as chair while Burundi’s Evariste Ndayishimiye chosen as the community’s rapporteur. President Uhuru Kenyatta, in turn, appointed Kenya’sPeter Mutuku Mathukias [...]
Prices at Tea Auction Increase, Hit $1.97 per Kg
Theweekly MombasaTea Auction held on the 22nd, 23rd, and 24th February 2021 had 13.4 million kilograms of tea offered for sale. The amount on offer decreased from 13.6 million kilograms [...]Carbacid Offer to acquire BOC Kenya shares Opens
The consortium of Carbacid Investments PLC (Carbacid) and Aksaya Investments LLP (Aksaya), have opened a 30-day offer period to acquire shares in listed BOC Kenya Plc (BOCK) for Ksh 1.2 [...]Public Apology on Cytonn Investments Management Limited
Since our inception, The Kenyan Wallstreet has strived to provide reputable up and up to date information in the capital markets in Kenya and Africa at large. We have since [...]
Kengen's Half-year Net Profit Dips by 38% to KSh5 Billion
The energy-generating company, Kengen's net profit for the half-year period that ended on December 31 2020 dropped to KSh5 billion, from KSh8.17 billion in December 2019, a 38% drop. The [...]Unga Group Plc Half-year Earnings drop 44.8% to KSh 83.5 Million
Unga Group, a listed miller, has posted a decline in its half-year earnings to KSh 83, 476,000 for the six months ending 31st December 2020. These earnings are compared to [...]French Group, EDF Acquires Stakes in 2 Kenyan Energy Companies
French energy group, EDF has announced the buying stakes in two Kenyan companies; a 50% stake in solar energy firm Econet Energy Kenya and a23% stake in off-grid energy company [...]CBK Collects KSh 26.7 Billion from Weekly T-Bills Auction
The Central Bank of Kenya (CBK) accepted KSh 26,669.30 Million from the weekly treasury Bills auction held yesterday, Thursday 25th February 2021. This is the second consecutive week that the [...]
