CMA Gives Nod to Pezesha's Crowdfunding Platform
The Capital Markets Authority has given a nod to Pezesha Africa Limited to operate its debt-based crowdfunding platform in the Kenyan capital markets. This follows a successful one-year testing in [...]
Crown Paints to raise KSh 711.8 Million from Rights Issue
Crown Paints Limited plans to do a pre-emptive rights issue that will see its shareholders participate in the acquisition of 71,181,000 out of the 92,526,000 newly created shares. Preemptive rights [...]
Lufthansa to Unveil New Frankfurt to Mombasa Direct Flights in March 2021
Germany's largest airline, Lufthansa, has announced plans to commence direct flights from Frankfurt to Mombasa and on to Zanzibar from 31st March 2021. The airline's subsidiary, Eurowings will fly the [...]
CBK raises KSh 24.8 Billion from T-Bills Auction, a 110% over-subscription
The Central Bank of Kenya (CBK) received bids worth KSh 26.4 Billion in the weekly Treasury Bills Auction done on Thursday, out of KSh 24 Billion bills it had offered [...]Kenya's Huge Public Debt Bill raises Red flags
Kenya has been warned over its bulging debt repayment bill and the fact that it is increasingly using more of its tax revenue to settle debt rather than provide services. [...]KCB, Equity, Coop, NCBA, DTB on List of Africa's Top Lenders
Kenya Commercial Bank(KCB), with a capital base of US$ 1,201 Million and a Balance sheet size worth US$ 8,866 Million at the end of 2019, has been listed at number [...]Kenya Safari Rally to Take Place on June 24-27, 2021 FIA
The Fédération Internationale de l'Automobile *FIA) announced that the Kenya Safari Rally will take place on the weekend of June 24 to June 27, 2021. FIAannounced the datesduring a third [...]CMA Distances Itself from Cytonn High Yield Solutions (CHYS)
The Capital Markets Authority (CMA) has said that Cytonn High Yield Solutions (CHYS) does not fall under its regulatory scope. In a notice of motion, the regulator said that it [...]Kenyans to Dig Deeper as KRA Revises Excise Duty Upwards
Kenyans will have to dig deeper into their pockets following the revision of excise duty by the Kenya Revenue Authority (KRA) on selected items. In a statement, KRA informed manufacturers [...]Kenya Dominates East Africa Corporate Deals
The number of corporate deals in East Africa reached 73 at the end of August this year, compared to 75 deals in the same period in 2019. The total disclosed [...]
Kenya wades into US$ 4.8 Billion Ethiopian Nile Dam row
Kenya has walked into the ongoing conflict between Ethiopia and its neighbours Egypt and Sudan over rights to use the water in the Blue Nile- Africa's longest river. After Addis [...]Kengen Announces Ksh 0.25 Dividend For the Year to June 2019
KenGen has announced plans to pay a dividend of 10 per cent or Ksh 0.25 per ordinary share of Ksh2.50 for the year ended June 30, 2019, subject to approval [...]
