Kenya's President Unveils Hourly Commuter Rail System
President Uhuru Kenyatta has unveiled the Nairobi hourly commuter rail system, a move that seeks to reduce the time spent by residents in traffic, thus easing the transport process. The [...]
Value of EA Corporate Deals Surpasses KSh130 Billion in October
Despite the economic downturn caused by the coronavirus pandemic, the value of corporate transactions in the East African region surpassed KSh130.9 billion in the first ten months of 2020 according [...]
NSE turnover rises 338% to KSh 413.2 Million
Turnover at the volatile Nairobi Securities Exchange edged up significantly to KSh 413.19 Million at the close of trading this Tuesday, 10th November, 2020, compared to KSh 94.41 Million on [...]
Nakumatt Liquidation Pushed to February 2021 Due to Pandemic
Nakumatt liquidation has been moved to February 2021 by the High Court after the administrator requested an extension of the process. In a ruling made on November 5th, 2020, Judge [...]Kenya Court of Appeal Authorises Taxation on Card Interchange Fees
Consumers using a debit or credit card to make purchases may have to pay higher charges as the Court of Appeal gave leeway for taxation on interchange fees. A three-judge [...]
SympliFi Partners with UNCDF to Facilitate Digital Finance Solutions to Migrants
SympliFi, UK based Fintech firm, has partnered with the United Nations Capital Development Fund (UNCDF) to expand digital financial solutions to migrants. The partnership will enable migrants and diaspora to [...]Nairobi Business Ventures Shareholders Approve Ksh 83Mn Acquisition by Delta International FZE
The shareholders on Nairobi Business Ventures, a shoe and leather accessories retail chain listed on the Nairobi Securities Exchange,have approved Ksh83 million capital injection by Delta International FZE. Shareholders approved [...]EAC Member States Get 5 Years to Join Kenya-UK Trade Deal
East African Community (EAC) member states have up to five years to join the UK-Kenya trade agreement due to be signed ahead of the Brexit transitional deadline. The new document [...]New Study Seeks to Identify Entrepreneurs Likely to Pay Back Debt
A new study launching this month seeks to identify suitable candidates for loan and credit services among young entrepreneurs, helping financial service providers lend to small entrepreneurs in the informal [...]Turnover at NSE plunges to KSh 94.41 Million
Turnover at Nairobi Securities Exchange (NSE) plunged to KSh 94.41 when the bourse closed trading this Monday, 9th November, 2020. This is compared to a turnover of KSh 373.87 when [...]Kenya Power share price tumbles ahead of its virtual AGM
Kenya Power was the second-worst performer at the Nairobi Securities Exchange (NSE) on Monday, 9th November 2020, even as the listed state utility firm prepares to hold its electronic annual [...]Access Bank Launches in Kenya
Nigeria's Access bank has today launched its operations in Kenya after acquiring a 99.9% stake in privately owned Transnational Bank of Kenya. The Nigerian lender paid KSh1.4 Billion for the [...]
