BAT Kenya Appoints Chrispin Achola as New MD After Mrs Beverly Spencer Resigns
The Board of British American Tobacco Kenya (BAT Kenya) has announced the resignation of its Managing Director Mrs Beverly Spencer-Obatoyinbo effective 31st December 2020 after serving for nearly 4 years [...]
Foreign Investors Push up Activity at the NSE
The Nairobi Securities Exchange (NSE) recorded increased turnover, activities at the bourse mainly driven by increased foreign investor buying on the large-cap counters such as Safaricom, BAT, EABL, and the [...]
NSE Turnover Remains Steady at KSh 1.1 Billion
Turnover at the Nairobi Securities Exchange(NSE) rose marginally from KSh 1.08 Billion to KSh 1.09 Billion when trading closed at the bourse this Friday, 4th December 2020. The volume of [...]Kenyan Banks have Adequate Buffers Against COVID-19 Shocks, Report
Kenya's banking industry has sufficient capital buffers to shield itself from COVID-19 pandemic shocks. This is despite potential effects of the pandemic on the industry's asset quality and overall performance. [...]Kenya's Chebet Lesan Beat 22,000 Applicants to Win Africa's Business Heroes Award
Kenya's Chebet Lesan beat over 22,000 applicants to emerge the Grand winner of the Africa's Business Heroes Award that comes with a $300,000 (KSh33.3 million) grant. Africa's Business Heroes Award [...]
CBK's Treasury Bill Auction Raises KSh 9.9 Billion
The Central Bank of Kenya( CBK) Weekly Treasury Bills auction raised KSh 9.9 Billion out of the KSh 24 Billion that was on offer, a 45.5% performance rate. This subdued [...]NSE Turnover Rises by 38.4% to KSh 1.1 Billion
Nairobi Securities Exchange( NSE) recorded a significant increase in turnover to KSh 1.08 Billion when trading closed on Thursday, 3rd December, 2020. This was against a turnover of KSh 780.9 [...]IATA Projects African Airlines to Lose $3.7 Billion in 20202021
The International Air Transport Association (IATA) has projected that African airlines will lose $3.7 billion between this year and 2021, with global losses projected to hit $157 billion. According to [...]Kenya's Sugar Sector Gets Additional 2-year COMESA Sugar Imports Safeguard
Kenya's stagnant sugar industry has received another reprieve. This is after the Common Market for Eastern and Southern Africa(COMESA) regional trading block granted it a two-year extension of the sugar [...]Centum Real Estate's KSh 4 Billion Bond Wins CMA's Approval
The Capital Markets Authority has given the approval for Centum Real Estate to issue a KSh 4 Billion bond to finance ongoing housing projects in Kenya. Centum Re, a subsidiary [...]National Assembly Passes Much Anticipated Tea Bill
The National Assembly has passed the Tea Bill, which will see the revival of Tea Board of Kenya and The Tea Research Foundation, which used to carry out research on [...]Carrefour Debuts in Mombasa, Opens 1st Store at City Mall
Retail chain, Carrefour Supermarket has debuted in Mombasa, opening it very first branch outside Nairobi at City Mall, Nyali. The new store becomes thechain's ninth, countrywide. As the Star reports, [...]
