CBK Receives KSh 14.9 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) received bids worth KSh 16.8 Billion from the advertised amount of KSh 24 Billion at the Weekly Treasury Bills Auction held yesterday. Out of these, [...]
Kenya's Business Activity Improves in January
Business activity in Kenya's private sector rose sharply in January, after a modest improvement in December 2020. High output and new business pushed up private sector activity. The Stanbic Bank [...]
NSE Switches to New Safaricom Powered Broker Connectivity Solution
The NSE has successfully migrated to a Safaricom powered broker solution, a move that is expected to boost trading volumes and level of activity at the bourse. This Software-Defined Wide [...]Sasini Slashes a Total of 1,364 Jobs in 2020
Sasini Plc, a coffee and tea producer, listed on the Nairobi Stock Exchange, slashed a total of1,364 jobsin the financial year ended 30th September 2020, the most extensive job cuts [...]
WPP Scangroup Appoints New Directors
The leading marketing and communication company in Sub Saharan Africa, WPP Scangroup, has named two new non-executive directors to its board. The new directors are, Jason Day and Shahid Sadiq, [...]SASRA Issues Permit to 175 Deposit-Taking SACCOs
The regulatory body that watches over Deposit-taking SACCOs (SASRA) has given permits to 175 SACCOs to undertake Deposit- Taking (DT) business in Kenya this year. In a recent gazette notice, [...]Pandemic Pushes Down Property Prices Rents in Kilimani Kileleshwa Apartments
Apartments in Kilimani and Kileleshwa registered the biggest fall in quarterly rent in the last quarter of 2020 at 4% and 2.6% decline respectively, according to real estate firm HassConsult. [...]High Executive Turnover Signals Trouble for Home Afrika
Ms Kendi Ogamba has resigned from the board of Home Afrika, barely three months after another two directors Peter Nduatiand Caroline Kigen- left the board. Home Afrika has been [...]Lockdowns, Low Airfreight to Hit Kenya's Valentine Flower Sales
Kenyan flower farmers are staring at reduced business this year. This is as reduced airfreight capacity and lockdowns in crucial European markets threaten to hurt Kenyan flower sales during Valentine's [...]Stanbic Bank Kenya Changes Tagline, Appoints Kosgey as Brand Envoy
Stanbic Bank Kenya Limited has changed its tag and appointed athlete Brigid Kosgey as its new brand ambassador as the lender seeks to make its products and services more appealing. [...]Kenyan Hotel Operations Pick up in December January 2021
The hospitality industry in Kenya showed remarkable improvement in December and January 2021 after a big slump in May 2020 at the height of the pandemic. According to a survey [...]Post COVID Recovery in Kenya
The global Covid pandemic has affected the whole world in many different ways and economic impact is one of the biggest and most crucial. After the vaccine roll out the [...]
