AG to advice on Nairobi City Hall, NMS money quarrels
The Attorney General(AG) is expected to give legal advice to the National Treasury concerning the constant pull and push between City Hall and the Nairobi Metropolitan Services (NMS). This is [...]
Kenya's Mutual Fund Assets Grow 15% to KSh 88.1 Billion in Q2
The value of assets held in Kenyan mutual fund schemes increased by 15% in the second quarter of 2020 to KSh 88.1 billion from KSh 76.5 billion at the end [...]
Court Issues Orders Barring Tuskys' Creditors from Auctioning its Assets
The High Court issued asset preservation orders which bar creditors from auctioning Tuskys properties. The court also barred the freezing of its accounts by various creditors. Tuskys advocate Patrick Onyango [...]
EABL Appoints Ms Ory Okolloh as Non-Executive Director
The East African Breweries Limited (EABL) Board of directors has appointed Ms Ory Okolloh as an independent non-executive director with effect from 15th October 2020. Prior to her appointment, Ms [...]Kenya’s insurance premiums rise 7% to KSh 231.3 Billion
Kenya’s insurance sector's total underwritten premiums increased by 7.03% to KSh 231.3 Billion at the end of 2019. This level compares to KSh 216.11 Billion in the prior year. Association [...]Netflix Sets Sight on Kenya's Nascent Online Video Streaming Market
Netflix, a leading content provider, has set its sights on conquering the Kenyan market. This is after establishing a foothold in South Africa and Nigeria, two of the largest economies [...]NSE Turnover Jumps by 40% to KSh 250.38 Million
Nairobi Securities Exchange (NSE) turnover today edged up by 40% to KSh 250.38 Million as investors came back to the bourse after the one-day holiday. Investors traded 8.9 million shares [...]CBK Opens New Cash Clearing Centre in Kisii
The Central Bank of Kenya (CBK) has today opened an ultra-modern cash-clearing unit in Kisii, to cater for financial needs of the wider Nyanza and Kisii region. This development takes [...]Global Markets Highlights
Google officially charged with antitrust The US Justice Department formally charged Alphabet Inc.'s Google with antitrust violations on Tuesday, the first major action against Big Tech for its staggering market [...]Tuskys Shuts More Branches as Troubles Pile
Tusker Mattresses Supermarket (Tuskys), swamped by mounting rent arrears, supplier debts and boardroom wrangles, has shut down the Ronald Ngala outlet within Nairobi’s Central shopping street. This latest shutdown follows [...]Kenya Traders Worried as Ethiopia Enters Somalia's Khat Market
Stiff competition is looming over Kenya's Miraa business after Ethiopia reportedly ventured into the lucrative Somalia market for the produce. Somali media reports that the Ethiopian national carrier has already [...]Kenya Shilling Hits New Low of 109 to US Dollar
The Kenya Shilling lost value against the US dollar when forex markets closed yesterday to exchange at 109.2100, breaking the 109 barrier. Dealers in the market were quoting the local [...]
