Kenya's International Arrivals Down 72%
Between January and October this year, the number of international visitors into Kenya fell by 72% to 470,971 from 1,718,550 in the same period in 2019 according to a statement [...]
Turnover at NSE up 10% to KSh 780.9 Million
Turnover at the Nairobi Securities Exchange(NSE) rose by 10% to settle at KSh 780.85 Million when trading at the bourse closed on Wednesday, December 2nd, 2020. This is on a [...]
Deloitte Warns of Negative Effects of Covid19 on Insurance Business
Deloitte has warned that COVID-19 will severely impact the profitability of underwriters in the region. While insurers have been able to absorb the underwriting impacts of large loss events, the [...]Metropolitan Hospital Joins NSE Ibuka Program
Metropolitan Health Services, the company that owns Metropolitan Hospital, is the newest entrant into the Ibuka program by the Nairobi Securities Exchange. The NSE Ibuka program was launched in 2018 [...]KRA Updates iTax System Ahead of Digital Services Tax
The Kenya Revenue Authority(KRA) has updated its iTax system as it prepares to start taxing firms and individuals who source their income in the digital marketplace, come January 2021. The [...]MPesa Partners with Visa to Enable International Payments
MPesa has partnered with Visa, the world's largestretail electronic payments company, to enable Mpesa users to make payments on e-commerce sites like Amazon, send money internationally, and make cross-border payments. [...]Have you achieved that dream of purchasing a plot this year? If not, here is something you can do to actualize this before the year ends
We start new years with resolutions and big plans. Among the plans people make is to buy a car, invest in business and some buying land to build their dream [...]
Airtel Picks Nokia to Lay 5G Foundations in Nairobi
Airtel Kenya has picked Nokia to modernize Nairobi with high speed4G and 5G-ready hardwarefrom its comprehensive AirScale portfolio. The agreement, which runs for 3 years, will also future-proof Airtel Kenya's [...]NSE Turnover Declines 57% to KSh 710.84 Million
Turnover at the Nairobi Securities Exchange( NSE) declined 57% to KSh 710.84 Million on a volume of 22.6 Million shares in 812 deals. Safaricom was the biggest mover at the [...]CMA to Review Investment Schemes Regulations
The Capital Markets Authority says it is reviewing the Collective Investment Schemes regulations to strengthen the industry and make it responsive to market dynamics. The markets regulator, with the help [...]November's Inflation Rises to 5.46%
Kenya’s November inflation increased to 5.46%, up from 4.84%% in October, a six-month high, last experienced in April this year (5.62%). The Consumer Price Index (CPI) increased by 1.19% from [...]Eaagads Half-Year Net Profits Expands by 121% to KSh9.2 Million
Listed firm Eaagads has reported a 121% increase in net earnings in the half-year period that ended on 30th September 2020 to KSh9.2 million from a net loss of KSh43 [...]
