NSE's Bond Turnover Hits All-Time High as Investors Seek Stable Returns
The bond turnover at the Nairobi Securities Exchange reached an all-time high of KSh691.8 Billion in 2020 as investors shifted funds from high-risk assets such as equities to relatively low-risk [...]
Kenya to Stop Importing Second Hand Cars by 2026
The Kenyan government has announced plans to stop importing second hand cars by 2026, a move that seeks to grow the local car assembly industry. This comes at a time [...]
Central Bank's stance on inflation keenly watched as MPC meets
Inflation is likely to feature prominently as the Monetary Policy Committee (MPC), the top policy organ of the Central Bank of Kenya(CBK) meets on Wednesday 27th January 2021. All attention [...]
Kenya Among Top 5 African Nations Targeted for Mergers Acquisition Deals
The value of disclosed merger and acquisition transactions involving Sub-Saharan African nations fell to an eight-year low of $25.7 billion in 2020 from the $67.6 billion recorded in 2019, a [...]Kenya's Fiscal Deficit to Hit KSh 1 Trillion in 2021
Kenya's fiscal deficit is expected to widen to KSh 1 trillion in the fiscal year 2020/21 ending on 30th June 2021, a 25% jump from KSh 796.8 billion in the [...]KQ Partners with Horticulture Exporters to Increase Cargo Capacity
Kenya Airways (KQ) has partnered with local horticulture exporters to enhance the capacity of fresh produce carried on its flights, by lifting Kenya’s fresh produce to the overseas market from [...]CBK collects KSh 20.3 Billion from T-Bills Auction
Central Bank of Kenya(CBK), the Government’s fiscal agent received bids worth KSh 20.3 Billion at the Weekly Treasury Bills Auction conducted on 21st January 2021. This is against an advertised [...]Kenyan Startup, Pula Raises $6 Million in Series A Funding
Kenyan insurtech startup, Pula, has raised$6 millionin its Series A round of funding. The startup specialises in digital and agricultural insurance to derisk smallholder farmers in Africa. Investors who took [...]Kenya's Economy to Grow at 6.4% in 2021 Treasury
Kenya's national treasury sees the Kenyan economy expanding at 6.4% in 2021, after a historically low growth rate of 0.6% in 2020 as per government estimates. Treasury says the economic [...]Kestrel Capital to fold its Investment Banking Activities
Kestrel Capital (East Africa) Limited has issued a notice to the Capital Markets Authority (CMA) concerning their intention to cease their investment banking activities. In a notice appearing in a [...]Mobius Motors Opens New KSh330 Million Plant in Nairobi
Local carmaker, Mobius Motors, has launched a newKSh330 millionmanufacturing plant in Nairobi. According to the company's Chief Operating Officer, Nicolas Guibert, the factory will produce at least eight units daily. [...]South Sudan Halts Visa on Arrival for Kenyans
South Sudan has announced the suspension of visa on arrival for Kenyans, citing the need toraise revenues and curb misappropriation, ensuring accountability of fees collected from applicants. According to the [...]
