NSE Turnover Picks Up to KSh 442.97 Million
Turnover at the Nairobi Securities Exchange (NSE) edged upwards to KSh 442.97 Million at the end of today's trading, up from KSh 179.04 Million last Monday. The banking sector dominated [...]
Kenya Power Risks KSh 1.8 Billion in Penalties
Kenya Power, a state-owned electricity distributor, risks a bill upwards of KSh 1.8 Billion from the Unclaimed Financial Assets Authority (UFAA) for not surrendering unclaimed assets worth KSh 922 Million [...]Cement Maker EAPCC Sinks into KSh 10 Billion Insolvency
East African Portland Cement Company (EAPCC) is KSh 10.2 billion insolvent after it failed to repay a long-term loan owed to KCB bank. Auditor General Nancy Gathungu's report to parliament [...]
Australian Broker, Pepperstone, Enters Kenya's Forex Business
Pepperstone, one of the world's largest brokers, has made its entry into the Kenyan forex trading market. Pepperstone Markets Kenya Limited, a subsidiary of Pepperstone Group, has been granted a [...]Dr James Bagaka Appointed Non-Executive Director of National Bank
The National Bank of Kenya has appointed Dr. James Obuya Bagaka as a non-executive director of the board. The appointment came into effect on 22 October 2020. Dr Bagaka brings [...]
Coop Bank Shareholders Approve Jamii Bora Takeover
Cooperative Bank of Kenya shareholders approved the acquisition of 90 percent of the issued share capital of Jamii Bora Bank during the annual general meeting (AGM) held on 22nd October [...]CDSC Gets Nod to Sell its SLB Product to Pension Schemes
The Central Depository Settlement Corporation (CDSC) has received a nod from the Retirement Benefits Authority (RBA) to engage pension schemes in its Securities Lending and Borrowing (SLB) product. This [...]Kenya’s Forex Reserves Plunge to $8.2 Billion
Central Bank of Kenya (CBK) official foreign exchange reserves plunged to a new low of $8.2 billion when markets closed on October 22, 2020, further piling pressure on the Kenya [...]Kenya's Eneza e-learning platform Expands to Rwanda
Kenyan education tech startup Eneza, has disclosed that it will avail its Shupavu platform to students in Rwanda beginning this November. Eneza will provide its SMS-based learning platform, Shupavu, to [...]Boosting Network Connectivity in Rural Kenya: A Case of Ngurunit
Rural communities in Kenya significantly benefit from network towers near them, opposing them to communication access that could change revolutionize their daily life activities. Ngurunit, a village at the border [...]Interview with Coca-Cola Communications Director on Role of Private Sector in Plastic Waste Management
In 2018, Coca-Cola launched the World Without Waste Initiative that sought to address the packaging waste problem. Coca-Cola established three fundamental goals; to make its packaging 100% recyclable by 2025, [...]CBK Raises KSh19 Billion from Weekly T-Bills Auction
The Central Bank of Kenya (CBK) accepted bids worth KSh19 billion out of the KSh24 Billion worth of Treasury Bills that investors were offered at the Thursday Auction of 22nd [...]
