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 [...]
Digital Tax: Government Mulls Exempting Startups from the 1.5% Levy
The government plans to exempt startups in Kenya from the 1.5% digital tax following an outcry from local entrepreneurs. KBC reports that the state is considering amendments in the Finance [...]Tea Auction Records Slight Dip in Price to $1.96 per Kg
The Mombasa Weekly Tea Auction recorded a slight dip in prices, with prices per kilo falling from $1.97 in the tea auction held on 11th, 12th, and 13th January 2021 [...]KQ Pauses Flights to France and Netherlands as COVID-19 Regulations Lower Demand
KQ has temporarily suspended its flights to France and the Netherlands following new COVID-19 regulations in Europe which have lowered demand. The suspension of flights to France's Charles de Gaulle [...]NSE Weekly turnover hits KSh 2.65 Billion as Banks dominate
Nairobi Securities Exchange (NSE) recorded a 27.05% increase in turnover when trading ended on Friday, 22nd January 2021 compared to KSh 2.09 Billion the prior week. The Banking Sector was [...]
KenGen's Expansion Projects to Boost its Income
Analysts predict increased revenue for the energy-producing company, Kengen, in the near term. The company has recently been involved in ambitious capacity expansion initiatives that are expected to boost its [...]
Google Loon to Cease Services in Kenya on March 1 After Announcing its Wind-up
Google's parent company Alphabet will shut down its Loon internet Program after the company failed to find a sustainable business model and partners. While we've found a number of willing [...]BOC Kenya Seeks More Time to Review Takeover Offer
BOC Kenya, a major manufacturer and distributor of industrial, medical, and special gases in East Africa, has received approval from the Capital Markets Authority to issue the Takeover offer document [...]Kenya Power targets SMEs with tech meters
Kenya Power, a state-owned power utility firm, has rolled out a smart metering project that aims to benefit 55,000 customers in the Small and Medium Enterprise(SME) sector across Kenya. This [...]Global Markets News Highlights
Wallstreet The US stock market closed Thursday's session mixed after hitting new record highs on Wednesday's session after Joe Biden was sworn in as the 46th president. Major themes that [...]
NSE to Add 4 Companies on the Bourse in 2021
The Nairobi Securities Exchange (NSE) plans to add four new companies on the bourse in 2021, after a long period of no new listings, according to an interview with Bloomberg. [...]Kenya among 3 African Countries to Benefit from US’ $11.7 Million Grant
Kenya is among three African countries (including DRC) set to benefit froman $11.7 millionU.S. government fund, seeking to improve compliance with international labour standards in key export sectors ahead of [...]
