Kenyan Banks to Suffer more Loan Losses in 2021 Mckinsey
Kenyan banks are expected to experience more losses in the coming year as customers struggle to service their loan facilities. Uncertainty posed by an upsurge in COVID-19 cases will continue [...]
Why SMEs have given the NSE a Wide Berth
Small and Medium-Sized Enterprises (SMEs) prefer banks, private equity firms, or venture capitalists when seeking cash to finance their operations. Despite the existence of cheaper, long-term funds that can be [...]NSE Weekly Turnover down 49.62% to KSh 2.7 Billion on stalled Brexit talks
Nairobi Securities Exchange (NSE) weekly turnover fell by 49.62% to KSh 2.68 Billion from the prior week's KSh 5.32 billion. This is as foreign investors, who dominate activity at the [...]Kenya Gazettes Regulation Implementing Digital Services Tax
Kenya's Digital Service Tax takes effect in January 2021 The Income Tax (Digital Service Tax) Regulations 2020, which shall come into force on the 2nd January, 2021, have been gazetted. [...]NSE turnover down 57% to KSh 423.7 Million
Nairobi Securities Exchange( NSE) recorded a decline in turnover to KSh 423.65 Million this Friday, a drop of 57% compared to KSh 994.8 Million's turnover when trading closed this Thursday, [...]UAP Appoints Dr. Catherine Adeya as a Non-Executive Director
UAP Holdings Plc on 10th December 2020 appointed Dr. Catherine Adeya as an independent non-executive director of the company. Dr Catherine Adeya currently serves as the Director of Research at [...]
Jane Karuku Named EABL's Group Managing Director
Jane Karuku has been appointed as the Group Managing Director of East African Breweries Limited (EABL) with effect from 1st January 2021. Prior to the appointment, she held the role [...]NSE Turnover Rises 93% to KSh 994.8 Million
The Nairobi Securities Exchange (NSE) recorded a 93% increase in turnover to KSh 994,8 Million when trading closed this Thursday, 10th December 2020. This was on a volume of 36.40 [...]CMA Grants Approval for Acorn's Student Accommodation REITs
The Capital Markets Authority has given approval to Acorn to issue Student Accommodation Development Real Estate Investment Trusts and Income Real Estate Investment Trusts. The investment instruments will be offered [...]Cytonn Investments Locked in an Insolvency Petition
Cytonn Investments Management Limited Plc is facing a legal hurdle with The High Court's Commercial and Admiralty Division, sitting in Nairobi, set to hear a petition for the Insolvency of [...]MYDAWA Partners with AstraZeneca
Kenya's pharmaceutical company MYDAWA has partnered with the British biopharmaceutical company AstraZeneca, one of the companies leading in the development of the covid19 vaccine. The partnership aims to increase access [...]Kenya Railways Set to Restart Nairobi-Nanyuki Line
Kenya Railways Corporation is set to restart the passenger operations on the revamped Nairobi-Nanyuki line on Friday, 11th December 2020. The Kenya Railways Corporation injected KSh1.2 billionout of KSh3 billion [...]
