Emirates Increases Cargo Flights to Nairobi
Emirates airline has increased its weekly cargo flights in Nairobi to meet the high demand for freight services from horticulture exporters. The middle eastern airline now has 10 weekly cargo [...]
China's Economy Rebound in Q3 Despite Resurgence of Pandemic
China reported a GDP growth of 4.9 percent in the months of July to September compared to a similar period last year, data released on Monday by the National Bureau [...]
NSE Turnover Reaches KSh 179.04 Million
Equity turnover at the Nairobi Securities Exchange(NSE) today reached KSh 179.04 Million, on a volume of 6.11 Million shares. The top movers were Equity Group (2.97 Million) followed by Safaricom [...]
TransCentury Cuts Commercial Bank Debt by 40% in Ongoing Turnaround Plan
TransCentury Limited (NSE: TCL) has announced that it has cut its commercial bank debt by 40%. A company update says the reduced debt service has allowed the redirection of the [...]
Tea Auction Records a Decline in Prices
Theweekly MombasaTea Auction held on the 12th and 13th October 2020 had 9.08 million kilograms of tea offered for sale. The amount on offer increased from 8.98 million kilograms offered [...]Turnover at NSE rises to KSh 121.7 Million
Turnover at the Nairobi Securities Exchange(NSE) climbed to KSh 121.74 Million compared to KSh 87.5 Million traded on Thursday 15th October, 2020. This was on a volume of 4.41 Million [...]CBK T-Bonds Auction raises KSh 60 Billion
The Central Bank of Kenya(CBK) accepted bids worth KSh 60 Billion out of the KSh 50 Billion that was offered at the October auction, representing an oversubscription of 138.27%. This [...]Kenya's financial market drops to 7th position in Absa 2020 Index
Kenya’s financial market attractiveness in Africa fell in rankings to 7th position in 2020 compared to 3rd position the prior year. This is according to data gleaned from the Absa Africa [...]Kenya's Economy Shrinks by 5.7% in 2020 Q2 as Pandemic Hits Key Sectors
Kenya's economy contracted by 5.7% in 2020 Quarter 2 compared to 4.9% in Q1 2020, after the pandemic affected multiple vital sectors. In Q2 2019, the Kenyan economy grew by [...]NSE turnover plunges to a new low of KSh 87.5 Million
Turnover at the Nairobi Securities Exchange(NSE) dropped sharply to KSh 87.52 Million on Thursday on a volume of 2.89 Million in 417 deals. This is compared with the previous NSE [...]Brief; IMF Lowers Kenya Economic Growth Prospects
Kenya’s rebound from the economic turmoil occasioned by global COVID19 pandemic may take longer than earlier anticipated. According to the International Monetary Fund (IMF) World Economic Outlook, October 2020 Kenya’s [...]Safaricom's Contribution to Kenya's GDP Hits 6%
Kenya's leading telecommunications company Safaricom sustained more than one million direct and indirect jobs in the last financial year and contributed 6% to the country's Gross Domestic Product (GDP). According [...]
