E-Commerce is Here to Stay SCANAD Report
The pandemic saw a surge of e-commerce transactions as consumers shifted to safer ways to shop. Globally, sales in grocery marketplaces grew by approximately 27 times, with categories like office [...]
CMA Eyes Privatization of State-Owned Enterprises to End Listing Drought
The Capital Markets Authority (CMA) is eyeing privatization of state-owned enterprises to end listing drought at the Nairobi Securities Exchange (NSE). This was highlighted during the release of the Capital [...]
Nairobi Commuter Railway Service Begins To Take Shape
The Nairobi Commuter Rail service, a project designed to ease a traffic gridlock within major roads leading to the city, is finally taking shape. This follows Kenya Railways Corporation’s procurement [...]
Kenya Urged to Speed up Financial Markets Reforms Absa AFMI 2020
Kenya has been told to speed up reforms of its financial markets and introduce more innovative products to make the destination more attractive to local and foreign investors according to [...]Turnover at the NSE ups slightly to KSh 272 Million
Turnover at the Nairobi Securities Exchange (NSE) climbed to KSh 272.03 Million at the close of trading on 28th October 2020. This is compared to a turnover of KSh 236.1 [...]Electric Vehicles to Make up 5% of Registered Vehicles in Kenya by 2025
The government of Kenya aims to increase the uptake of electric vehicles in the country in the next five years with a goal to have 5% of all registered vehicles [...]
High Court Grants Tuskys, Hotpoint 45 Days to Negotiate Out of Court
High Court Justice Francis Tuiyott has allowed Tuskys and Hotpoint 45 days to negotiate over the ongoing winding up lawsuit, in view of settling the case outside the court. This [...]NSE turnover drops to KSh 236.1 Million
Turnover at the Nairobi Securities Exchange (NSE) declined to KSh 236.1 Million when trading closed this Tuesday where a volume of 10.42 million shares changed hands in 755 deals. This [...]Twiga Foods to Receive KSh 3.2 Billion Loan from IFC Top Kenyan Banks
Twiga Foods, which distributes fresh fruits and vegetables to retail vendors, is set to benefit from a KSh 3.2 billion loan from the International Finance Corporation (IFC) and tier-one Kenyan [...]KBA CEO Chat Returns for Q4
The Kenya Bankers Association is set to host the #CEOchat forum on Friday, 30 October after a seven months hiatus occasioned by the COVID19 pandemic. The forum under the theme [...]Upcoming Housing Complex Secures US Embassy as Anchor Tenant
An upcoming medium-density housing complex in Nairobi has secured the US Embassy as its anchor tenant. Construction is set to commence this month with the completion date earmarked for April [...]Homeboyz Entertainment to Join NSE by the End of 2020
Homeboyz Entertainment, the leading entertainment and events production company in East Africa, plans to list on the Nairobi Securities Exchange before the end of the year. The CEO Myke Rabar [...]
