Homeboyz Entertainment Makes stock market debut
Kenya's stock exchange has announced that Homeboyz Entertainment PLC will on Monday 21st December list on the Growth Enterprise Market Segment (GEMS) of the exchange following approvals from the regulator. [...]
US Govt Approves $500 Million Loan to Safaricom Consortium for Ethiopia Expansion Project
The United States Government-owned International Development Finance Corporation (DFC) has announced the approval of a $500 million credit line to Kenya’s leading Telco, Safaricom and a consortium of firms seeking a [...]Weekly turnover at the NSE drops 23.2% to KSh 2.1 Billion
Available data shows that the Nairobi Securities Exchange(NSE) weekly turnover dropped 23.17% to KSh 2.06 Billion when the bourse closed on Friday. This is compared to a turnover of KSh [...]
Kenya Airways Air France KLM Terminate Africa Europe Joint Venture Agreement
Kenya Airways and Air France KLM Group on Saturday announced they have agreed to mutually terminate their Africa-Europe joint venture partnership from 1st September 2021. According to a press release [...]Centum Real Estate Bond Raises KSh3 Billion
Centum Real Estate has managed to raise KSh3 billion from the recently issued bond, against the target of KSh4 billion. The bond attracted diverse investors including, banks, asset management firms, [...]
Kenya's Stock Exchange Gets Approval for OTC Platform to Allow Trading for Unlisted Companies
The Nairobi Securities Exchange has been granted approval by the markets regulator to launch the Unquoted Securities Platform (USP), an Over the counter (OTC) platform that offers unlisted companies access [...]Equity Group Appoints Christopher Newson as New Executive Director
Equity Group has appointed career banker Christopher Newson as a non-executive director. as a non-executive director. Newson, currently the non-executive chairperson of Distell International Holdings Limited and the Non-Executive Director [...]Kenya's Central Bank Announces Expiry of Waivers for Mobile Money Transactions
The Central bank of Kenya has announced that the emergency waivers for mobile money transactions will expire on December 31, 2020. The regulator said the measures established on March 16st 2020, [...]Twiga and Britam to Develop Business Interruption Insurance for Small Retailers
B2B e-commerce platform Twiga has partnered with Britam to develop a business interruption insurance cover for small businesses. The product dubbed Soko Afya seeks to protect retailers against loss of [...]Kenya's Biggest Banks Grow Their Market Share
The nine largest banks in Kenya increased their market share in the banking industry to 74.68% in 2019 from 70.28% in 2018 according to Central Bank's Banking Supervision Report. The [...]Kenyan Health Startup Ilara Health Raises $3.75m to Expand Diagnostic Reach
Kenyan Startup Ilara Health raised $3.75 million in a Series A funding round led by TLcom Capital to drive its expansion across the continent. Other investors like DOB Equity, Global [...]Kenya's Foreign Exchange Reserves Down 10% YTD
The amount of foreign exchange reserves in Kenya has been on a steady decline since the pandemic hit Kenya in March. The reserves have dropped by 10% since the start [...]
