Regional Sales Boost EABL's Half-Year Earnings
The closure of bars and restaurants and ban on public gatherings introduced in Kenya in March 2020 had a negative impact on EABL's sales. In the half year period that [...]
Google Grants $10 Million towards Kenya’s Post COVID-19 Recovery
Google has announced a $10 milliongrant to support Kenya's post-COVID-19 recovery efforts. This includes $3 million to help small businesses, $5 million for Kenyan startups, and $2 million for charity. [...]
Kenya among Sub-Saharan Countries to Tap KSh30 Trillion for Clean Energy
The International Finance Cooperation (IFC), World Bank's investment arm, has named Kenya among the four sub-Saharan countries to benefit from theKSh30 trillionclean energy fund over the next ten years. According [...]CIC Insurance Issues Profit Warning
CIC Group, one of the Kenya's leading insurance companies, has issued a statement saying that its earnings for the financial year 2020 are expected to be substantially lower than the [...]Car General Declares KSh 32 Million Dividend Payout
Car General has declared a total dividend of KSh 32 million, even after a challenging year that ended on 30th September 2020. The company with interests in the automotive [...]Reduction in Tax Lifts KenGen's Net Earnings by 133% to KSh 18.38 Billion
Kenya Electricity Generating Company PLC (KenGen), a state-owned electricity generating firm, has posted a Net Profit of KSh18.38Billion, at the close of the financial year ended 30th June 2020. This [...]
Kenyan Lenders Restructured 54.2% of the Banking Sector Loan Book in 2020
Kenyan banks restructured loans amounting to KSh1.63 trillion, equivalent to 54.2% of the total banking sector loan book by the end of December 2020 according to the Central Bank of [...]Somalia Lifts Ban on Importation of Miraa from Kenya
Somalia's federal government has lifted the one-year-long ban on miraa imports from Kenya. It has, however, imposed certain conditions for the commodity to be admitted in the country. This means [...]Government Slashes Counties Funding to KSh326.5 Billion
The National Government has slashed counties funding, for the financial year 2021/2022, toKSh326.5 billion, down from the KSh370 billion pledged by President Uhuru Kenyatta. The President made the promise after [...]IFC Loans KSh1.1 Billion to East Africa's Largest Glass-Bottle Manufacturer
The International Finance Corporation (IFC), the private investment arm of the World Bank Group, has given a $10 million (KSh1.1 billion) loan to Kioo Limited to help the company weather [...]Regulator seeks Exemptions from Digital Tax for Capital Markets players
The Capital Markets Authority (CMA) plans to engage the Government on the newly introduced digital tax, to safeguard gains made within the sector. Luke Ombara, the director of regulatory at [...]NSE 2020 Equity turnover Fell 27.5% as investors fled pandemic
The Nairobi Securities Exchange (NSE) recorded a total equity turnover of KSh 27.51 Billion in Q4, 2020 compared to KSh 37.94 Billion in Q3, 2020. This, as investors, both local [...]
