Kenya to Earn KSh 1.4 Trillion from Digital Economy by 2025
The digital economy is expected to add KSh 1.4 Trillion or 9.24% of the GDP to Kenya's economy by 2025 according to the Accenture, Africa iGDP Forecast. It is one [...]
Equity Group Q3 Net Earnings drop 14.6% to KSh 14.8 Billion
Equity Group Plc net profit slumped by 14.6% to KSh 14.8 Billion at the end of the third quarter period ending 30th September 2020 from KSh 17.3 Billion posted in [...]
Kenya Railways Corporation losses hit KSh 24.2 Billion
Kenya Railways Corporation recorded a loss of KSh24.2 Billion in the period ending June 30th, 2020, compared to KSh 8.5 Billion in the previous financial year. According to figures contained [...]CMA Partners to Test Kenyan Products Abroad in Market Deepening Drive
The Capital Markets Authority (CMA) has teamed up with the Global Financial Innovation Network (GFIN) members to allow Kenyan innovators to test their financial services and products across borders. CMA [...]
Moody's Maintains Kenya's Loan Outlook for 2021 at Negative
Credit Rating Agency, Moody's, has maintained Kenya's loan outlook for 2021 at negative status, citing coronavirus's negative effects, which has weighed down economic activities, government finances, and complicated policy choices. [...]
Kenyan Micro-Insurtech Startup, Turaco, Raises $2 Million in Seed Funding
Kenyan micro-insurtech startup, Turaco, has raised $2 million in seed funding as it seeks to expand further into Sub-Saharan Africa. Investors who took part in the funding include Novastar Ventures, [...]Kenya's Earnings From Avocado Exports Rise by 40%
The country's earnings from avocado exports rose by 40% to Ksh 14 Billion from Ksh 10 Billion during the 12 month period ended October 2020 according to the latest data [...]
NSE turnover rises 42% to KSh 587.9 Million
Turnover at the Nairobi Securities Exchange (NSE) maintained an upward trajectory to KSh 587.9 Million, an increase of 42%. This was on a volume of 16.38 Million shares that were [...]KCB Posts KSh10.9 Billion Net Profit in Q3
Kenya's leading bank by asset value, KCB Group, has posted a 43% drop in net profit for the nine months that ended on 30th September 2020 to KSh 10.9 billion, [...]Multichoice's Technological Innovations for 2020
On the innovation front, MultiChoice has launched a DStv Explora, which has features such as the PVR functions, Video on Demand services Catch Up and Catch Up Plus, video rental [...]Exinity Capital, the Latest Entrant into Kenya's Forex Scene
Exinity Capital East Africa is the latest entrant into Kenya's Forex scene following approval from the Capital Markets Authority (CMA). CMA granted Exinity Capital a license to operate as a [...]Jumia Cuts Operating Losses by 49% to $33 Million as Pandemic Disruptions Slow
Jumia Technologies AG, a Nigerian-based online shopping platform with a presence in several countries in Africa, including Kenya, has posted a 49% reduction in operating losses to $ 33 Million. [...]
