Blow for Fly540 as IATA Suspends its e-ticket Booking
The International Air Transport Association (IATA) has suspended ticketing activities for carrier Fly540. A letter to travel agencies who use IATA's Billing and Settlement Plan (BSP) in Kenya orders booking [...]
Cooperative Bank Issues Profit Alert Following a Tough Year
Kenya's fourth-largest bank by assets, Cooperative bank, has issued a profit warning following a tough year that saw the bank's expenses rise faster than its income. In a public statement, [...]
New 0.25% Export Levy Threatens Recovery of Kenya's Flower Industry- KFC
The Kenya Flower Council (KFC) warns that the new agriculture Cess could stifle the flower industry. KFC says that the government requires exporters of fresh produce to pay at least four [...]CBK raises KSh 13.8 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) raised KSh 13, 840.6 Million from the weekly Treasury Bills Auction held this Thursday 7th January 2021. This represents an undersubscription of 65.7%, out of [...]
Kenya's Forex Reserves Fall by $1 Billion to $7.75 Billion in 2020
The level of foreign exchange reserves held by the Central Bank of Kenya fell by $1 billion to $7.75 billion on 31st December 2020 compared to $8.758 billion held on [...]NSE turnover declines 78% to KSh 130.97 Million
Nairobi Securities Exchange(NSE) turnover declined to KSh 130.97 Million when trading ended this Thursday, 7th January, 2021, a fall of 78%. This is on a volume of 5.7 Million shares [...]Quarterly Mobile Cash Deposits by Kenyans hit KSh 888 Billion
Mobile Cash deposited electronic wallets of Kenyans reached KSh 888, 157,500, 354 in the three months ending September 2020, driven by the use of mobile cash as a means of [...]ICEA Lion Life appoints George Nyakundi as new CEO
ICEA Lion Life has appointed George Nyakundi as the Company's new Chief Executive to take over from Justus Mutabari Mutiga, who has retired from the e-suite after 27 years with [...]Kenya's Economy to Grow Fastest in Africa in 2021 -World Bank
The World Bank predicts that Kenya's economy will expand by 6.9% in 2021, the fastest growth rate in Africa, and a more ambitious prediction than the government's estimate of 6.4% [...]Global Markets; Dow Closes at record high Amid DC civil unrest
Across the Global Markets, Stock market indexes in the US on Wednesday ended mixed with the Dow Jones Industrial Average, which measures the stock performance of 30 large companies, closing [...]NSE turnover rises 55% to KSh 596.79 Million
Nairobi Securities Exchange (NSE) recorded a turnover of KSh 596.79 Million when trading ended this Wednesday, an increase of 55% from Tuesday's numbers. This was on a volume of 21.08 [...]Kenya Private Sector Activity Improves in December PMI
Kenya's private sector activity recorded a slight improvement in December following a sharp deceleration of growth in November, according to the monthly Purchasing Managers’ Index (PMI) Output rose at the [...]
