KQ to Launch Nairobi-Somaliland Direct Flights
Kenya Airways (KQ) has announced plans to launch direct flights from Nairobi’s Jomo Kenyatta International Airport (JKIA) to Hargeisa, Somaliland,by the end of March 2021. In a statement, the two [...]
Kengen Further Delays Publishing Full-Year Results
Kengen has announced that it will further delay the release of its full-year financial results for the period that ended on 30th June 2020. In October, Kengen sought permission from [...]
Derivatives market remains Lacklustre as NSE issues New Pricing
The derivatives market of the Nairobi Securities Exchange (NSE) had 20 single stocks futures contracts valued at KSh 304,100 transacted on December 15th, 2020. This drop of activity compares to [...]
Kenya's 3-Year Voluntary Tax Disclosure Program Commences in January 2021
The Kenya Revenue Authority has issued a memo on its new three year voluntary tax disclosure program which commences on 1st January 2021 to 31st December 2023. The programme will [...]NSE turnover rises 295% to KSh714.20 Million
NSE turnover climbed to KSh 714.2 Million on a volume of 31.47 Million in 822 deals this Tuesday, 15th December 2020. This is compared to a turnover of KSh 180.8 [...]Absa Life Assurance Kenya Names Githanji Waiguru as Managing Director
Githanji Waiguru has been named as the Managing Director of Absa Life Assurance Unit in Kenya. Absa Life Assurance is part of Absa Bank Kenya. The company provides a variety [...]CBK Weekly T-Bills auction raises KSh 9.7 Billion
The Central Bank of Kenya (CBK) Treasury Bills Auction, accepted KSh 9.7 Billion worth of bids from the KSh 24 Billion that had been offered to investors by the Central [...]Energy Regulatory Authority Appoints Daniel Kiptoo as Acting Director-General
The Energy and Petroleum Regulatory Authority (EPRA) has appointed Daniel Kiptoo as the acting Director General of the organization to take over from Pavel Oimeke. EPRA suspended its director-general, Pavel [...]East Africa's FDI Rise to Hit $11.5 Billion
Foreign Direct Investments (FDIs) into East Africa surged in 2019 to hit $11.5 billion, up from $5.7 billion in 2018. This was mainly due to China's increased interest in East [...]Fuel Prices Go Up As Festivities Begin
As the festive season begins, fuel prices in Kenya have shot up after the Energy and Petroleum Regulatory Authority (EPRA) set new prices for the period 15th December 2020 to [...]Markets Regulator to Cut Dominance of Foreigners, Big Firms at NSE
The Capital Markets Authority (CMA) has formed a team to address foreign investors' dominance at the Nairobi Securities Exchange (NSE) while it is also keen to address the concentration of [...]Kenya's Pezesha Wins FinTech Award
Kenya's fintech startup Pezesha has emerged the overall winner in the 2020 AFI Inclusive FinTech Showcase, an event that promotes financial inclusion in the emerging and developing countries. Pezesha has [...]
