Kenya Flower Exports Take a Blow From Lockdowns Across Europe
The Kenya Flower Council (KFC) laments that the recent lockdowns across Europe are a blow to Kenya’s flower subsector. According to KFC CEO, Clement Tulezi, thousands of flower workers' jobs [...]
Parliament Approves Kassait's Nomination as Data Commissioner
The National Assembly on Thursday adopted a report endorsing the appointment of Immaculate Kassait as the Data Commissioner. This paves way for the president to confirm her appointment consequently giving [...]Global Markets Today
Ant Group's listing process is likely to be delayed by at least six months, the Financial Times reported on Thursday, just days after it was unexpectedly halted by China's regulators. [...]
Turnover at NSE rises 84% to KSh 1.1 Billion
Turnover at the Nairobi Securities Exchange (NSE) edged up to KSh 1.1 Billion this Thursday, on a volume of 35.59 Million shares that exchanged hands in 726 deals.This is compared [...]
CBK Raises KSh 27.6 Billion in T- Bills Auction, a 115.9% Subscription
The Central Bank of Kenya (CBK) accepted bids worth KSh 27.554 Billion from this week’s Treasury Bills Auction out of KSh 24 Billion that was offered, representing a subscription rate [...]Uber and Lyft Win Against Gig Workers in California
Uber and Lyft will continue classifying drivers as independent contractors instead of employees. Californians voted in large numbers in favor of Proposition 22 ballot measure in the just concluded elections. [...]Safaricom Unveils New Mobile Prefixes; 0112, 0113, 0114, 0115
Safaricom has unveiled new phone number prefixes starting with0112, 0113, 0114, and 0115to meet the increasing demand for its sim card lines. The new phone numbers will be available at [...]
Kenya’s Private Sector Activity Expands Fastest in October- PMI index
The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI), which measures the private sector activity, rose to 59.1 in October from 56.3 level in September. This is the highest PMI [...]KRA Targets KSh5 Billion Revenue from Digital Economy by June 2021
The Kenya Revenue Authority (KRA) says that it aims to collect KSh5 billion from the digital economy by June 2021. According to Commissioner-General Githii Mburu, the new tax collection will [...]Kenya's Agri-tech Firm Farmers Pride Raises $220K in Funding
Kenyan agri-tech startup, Farmers Pride, a one-stop e-commerce platform that connects village level farmers to quality inputs, services, and information through women-owned DigiShops powered by technology, has raised $220,000 funding [...]Longhorn Publishers to Set up New Subsidiaries in US and DRC
Listed Longhorn Publishers shareholders are expected to ratify a decision by the firm to open a subsidiary in Delaware, United States, and another in the Democratic Republic of Congo (DRC). [...]Kenya Power Gets Nod from EPRA to Hike Electricity Tariffs
The Energy and Petroleum Regulatory Authority (EPRA) has given Kenya Power the go ahead to hike electricity tariffs. Kenya Power has been pursuing tariff increase of up to 20 percent [...]
