Moderna Vaccine Found to be Effective towards Treatment of COVID19
Pharmaceutical firm Moderna's has announced that its Covid-19 vaccine is 94.5% effective treatment of coronavirus with few adverse side effects. Moderna’s CEO, Stephane Bance, described the positive preliminary analysis as, [...]
Kenyan Schools to Resume Learning in January 2021
Education Cabinet Secretary George Magoha has revealed that all schools will reopen on January 4, 2021. In a press address, Magoha says that the Ministry of Education complied with a [...]Kenya's Total Revenue Collection Falls by 10% by End of September
Kenya's total revenue by the end of September 2020 declined to KSh 378.7 Billion from KSh421.2 Billion collected in the same period last year according to a Treasury report. The [...]
NSE Records a Turnover of KSh 266.8 Million
Turnover at the Nairobi Securities Exchange(NSE) was KSh 266.8 Million on a volume of 7.92 Million that was transacted in 670 deals. The top price gainer was Carbacid Investments Limited, [...]
SafeBoda Exits Kenyan Market
The Ugandan ride-hailing app, SafeBoda, has announced that it will cease to operate in Kenya from November 27. The move follows blows from COVID-19 in the transport industry, which significantly [...]
Kenyan Business Owners to Benefit from WorldRemit Entrepreneurship Program
Kenyan entrepreneurs are set to benefit from the WorldRemit entrepreneurship program by receiving tools to start or scale up their businesses. The program commencing from November 2020 until the end [...]CMA Grants REIT Manager License to Acorn Investment Management Ltd
Acorn Investment Management Limited has been granted a Real Estate Investment Trust (REIT) manager license by the Capital Markets Authority (CMA) following the fulfillment of applicable regulations. The license issuance [...]NSE Extends Trading Suspension of Nairobi Business Ventures
The Nairobi Securities Exchange( NSE) has extended the suspension of Nairobi Business Ventures(NBV) from trading at the bourse. The extension is to allow for completion of the company's restructuring process [...]CBK Raises KSh 29.7 Billion from Weekly T-Bills Auction, 126.6% Subscription Rate
The Central Bank of Kenya(CBK) accepted bids worth KSh 29.66 Billion from the weekly Treasury Bills auction that was held on Thursday 12th November 2020. This is against bids worth [...]Home Afrika Names Peter Mungai as New Board Chairperson Following Peter Nduati's Resignation
Home Afrika has appointed Peter Mungai as the new Board Chairperson effective 12th November 2020. Mungai takes over from Peter Nduati who resigned as a Non-Executive Director and Board Chairperson [...]Tea Prices Continue to Fall at Mombasa Tea Auction
Theweekly MombasaTea Auction held on the 9th, 10th and 11th November 2020 had 9.9 million kilograms of tea offered for sale. The amount on offer increased from 9.5 million kilograms [...]Five SBM Bank Branches to Shut in December
SBM bank has announced that it will close five branches in December as the bank reviews its branch network in light of proximity to our client locations and our other [...]
