Kenya Foreign Exchange Reserves Increase to $7.64 Billion
Kenya's foreign exchange reserves increased by $21 million to reach $7.638 billion in the week that ended on 12th February 2021. Despite the jump, the reserves remain at relatively low [...]
Prices Increase at Weekly Tea Auction
Theweekly MombasaTea Auction held on the 8th, 9th, and 10th February 2021 had 14 million kilograms of tea offered for sale. The amount on offer increased from 12.6 million kilograms [...]
Super Petrol Prices Rise by KSh8.19 in February EPRA Review
The prices for Super Petrol, Diesel, and Kerosene have increased by KSh8.19 per litre, KSh5.51 per litre, and KSh5.32 per litre, respectively. This means that between 15th February and 14th [...]Somalia Opposes Kenya's Request to Delay Maritime Border Case Hearing
Somalia has rejected Kenya's fourth request to delay hearing the maritime border case at the International Court of Justice (ICJ). Somalia's Information Minister Osman Dubbe said Mogadishu had petitioned the [...]Kenya Airways to resume direct flights to Rome in June
Kenya Airways (KQ) has disclosed plans to resume flights to Rome, Italy’s Capital, after abandoning the route for close to a year due to the COVID-19 pandemic. KQ flight schedule [...]
Kenya's External Debt Service Set to Jump in 2024 Citi
Increased government spending has pushed Kenya's public debt to an unprecedented level. Data from the Central Bank shows that the public debt reached KSh7.281 trillion at the end of 2020, [...]CBK raises KSh 19.2 Billion from Weekly T- Bills Auction
The Central Bank of Kenya(CBK) collected KSh 19,236.07 Million out if the advertised amount KSh 24 Billion after receiving bids worth KSh 21.7Billion at the weekly Treasury Bills auction that [...]Linkham Group Acquires Majority Stake in Resolution Insurance
UK based insurance firm, Linkham Group, has announced plans to acquire a stake in Resolution Insurance after purchasing 100% of the equity holding in the company from private equity impact [...]East African Portland Cement Appoints New Managing Director
East African Portland Cement Company (EAPCC) has appointed Daniel Kiprono as its new acting Managing Director, with effect from8th February 2021.Kiprono replaces Mt Stephen Nthei who has held the position [...]Safaricom Market Cap Crosses Ksh 1.5 Trillion
Kenya's largest listed company hit a market capitalization Ksh 1.52 Trillion after the company's shares touched a new record high of Ksh 38. On Thursday, the Nairobi Securities Exchange-listed firm [...]
KPMG Resign as Standard Group's External Auditors
Standard Group has announced that KPMG Kenya resigned as the company's external auditors on 8th February 2021. Prior to the resignation, KPMG served as Standard Group's external auditors for nearly [...]Maasai Mara National Reserve voted World’s 3rd Best National Park, 2021
Maasai Mara National Reserve has been voted the third best national park in the World by TripAdvisor Inc., an American online travel company. Maasai Mara National Reserve is behind Corbett [...]
