Ken Njoroge to Step Down as Cellulant CEO by June 2021
Cellulant CEO Ken Njoroge will step down from the helm of the company after 18 years of leadership. Njoroge announced his upcoming transition in blog, saying that he will transition [...]
National Debt Surpasses KSh 10 Trillion
The National Treasury will include Ksh 3.4 trillion in its national debt, owing to the International Monetary Fund's pressure on Public Debt Disclosure. This move will push Kenya's national debt [...]Nairobi Founded Gro Intelligence Raises $85 M in Series B Round
Gro Intelligence announced that it raised $85 million in a Series B funding round led by Intel Capital and Africa Internet Ventures, with participation from family offices of Ronald Lauder [...]Safaricom Halts 5G Rollout Plans, Focuses on 4G
Telecommunication giant, Safaricom has halted its plans to roll out the 5G mobile internet service in Kenya, saying it is shifting focus onconverting millions of 2G and 3G subscribers to [...]ICIFA issues 23 Fellowships, Commendation Awards to outstanding Members
ICIFA (Institute of Certified Investment and Financial Analysts) has notified its members of intentions to award Fellowships and Commendation to its members in good standing. Also receiving recognition are those [...]
CBK's attractive T- Bond Tap Sale raises KSh 55.9 Billion
CBK received bids worth 61.2 Billion out of an advertised amount of KSh 25 Billion offered during the sale of its two-year Treasury Bond, an oversubscription of 244.6%. This Treasury [...]Central Bank floats KSh 50 Billion, 16-year Infrastructure Bond
The Central Bank of Kenya (CBK), the Government's fiscal agent, has invited bids for a KSh 50 Billion 16-year Infrastructure bond whose purpose is to fund infrastructure projects in the [...]ECCOS gets Mary Mungai as new Chairperson As fresh Reforms sweep Co-op Sector
Ethics Commission for Co-operative Societies (ECCOS) has Mary Njeri Mungai, a former Commissioner for Co-operative Development, as its new chairperson. This appointment has been made by Cabinet Secretary for Agriculture, [...]NSE Weekly turnover rises 7% to KSh 1.5 Billion
Nairobi Securities Exchange (NSE) recorded a weekly turnover of KSh 1.5 Billion on a volume of 57.7 Million shares, when trading at the bourse ended this Friday, January 8th, 2021. [...]Addleston PR launches Ogora.news a virtual PR Agency across Africa
Addleston PR has launched an online virtual PR agency in that will operate virtually across African countries. The online PR agency site aims to be the leading PR virtual platform [...]Kenya Stock Market Daily Report
Nairobi Securities Exchange (NSE) recorded an 81% increase in Equity Turnover to KSh 237.8 Million from 804 deals that saw volume of shares increase by 60%. This is compared to [...]IFC to Invest KSh1.096 Billion in Ascent Rift Valley Fund II LP
The International Finance Corporation (IFC) says it will make a $10 million (KSh1.096 Billion) equity investment in East African based Private Equity fund Ascent Rift Valley Fund II. Ascent Rift [...]
