KQ's Nairobi -New York Direct Flights Resume
Kenya Airways has begun flying directly from Nairobi to New York City after suspending the key route in March this year, due to covid19 pandemic. The weekly non-stop flight resumed [...]
Nairobi Business Ventures' Suspension from Trading Lifted
Investors can now trade Nairobi Business ventures shares at the Nairobi Securities Exchange following the lifting of the suspension from trading. The lifting of the suspension in the trading of [...]BK Group's 9 Months Net Income Rises 10.5% to $ 28.6 Million
BK Group Plc, the holding company of Bank of Kigali- the first Rwandese lender to cross-list at the Nairobi Securities Exchange(NSE), has recorded a rise in its net income for [...]
Tea Auction Records a Fall in Price
Theweekly MombasaTea Auction held on the 23rd, 24th and 25th November 2020 had 10.9 million kilograms of tea offered for sale. The amount on offer increased from 10.7 million kilograms [...]
Qatar Airways Marks 15 Years of Flights from Nairobi
Qatar Airways is one of the few global airlines that never stopped flying during the crisis. Since the beginning of the pandemic, its network never fell below 30 destinations and [...]IM Holdings' Q3 Net Profit Down 30.8% to KSh4.6 Billion
IM holdings net profit in the nine months to September 2020 slipped to KSh4.6 billion, a 30.8% decline from KSh6.6 billion posted in the same period in 2019. The company [...]Treasury Bills Auction Undersubscribed, Raises KSh 15.4 Billion
The Central Bank of Kenya(CBK) Treasury bills auction of November 26th, 2020 received bids worth KSh 15.4 billion. This is against an advertised amount of KSh 24.0 billion, representing a [...]HF Group sinks into KSh 730.2 Million Net Loss, issues profit warning
Mortgage lender HF Group Plc has widened its Net losses to KSh 730.2 Million in Q3, 2020 from a loss of KSh 84.6 Million, triggering the firm to issue a [...]NCBA projects economy to grow by 5.8% in 2021
Kenya’s Gross Domestic Product (GDP) is projected to grow by 5.80% in 2021, says NCBA Regional Economic Outlook Report. The growth forecast which is an upward revision to the bank’s [...]EPRA to Impose KSh1 Million Fine on Unlicensed Solar PV Dealers
The Energy and Petroleum Regulatory Authority(EPRA) has issued stiff penalties to those dealing in Solar power systems without a Certificate or License. For instance, a person who, imports, manufactures, sells, [...]Weekly Deals Digest Nov 18 Nov 24
Consumer startups and companies led this issue of the weekly deals digest, with players like Nigeria's Autochek raking in $3.4 million in funding in Africa while India's CARS24 led emerging [...]Family Bank Net Earnings in Q3 2020 Hit KSh 1.1 Billion
Family Bank, a middle tier lender, has shrugged a challenging business environment posed by the COVID-19 pandemic to post a 70% increase in Net Earnings to KSh 1.1 Billion at [...]
