Pandemic Delays Lamu Port Completion Date to December 2021
The Kenya Port Authority has said that the expected completion date for the Lamu Port has been pushed to December 2021 from the earlier announced date of December 2020. According [...]
Tesco Suspends Supplies from Kakuzi
UK retailer Tesco has suspended supplies from Kakuzi following a move by law firm Leigh Day to take legal action against UK firm Camellia whose subsidiary runs Kakuzi. Camellia owns [...]
Kenya Orchards Issues Profit Alert
Kenya Orchards which manufactures and sells canned fruits and vegetables is the latest NSE listed company to issue a profit warning in the current financial year. The food processor is [...]
NSE Turnover Hits KSh 198.97 Million
Equity turnover at the Nairobi Securities Exchange (NSE) today reached KSh 198.97 Million. 8.68 million shares were traded in 717 deals. The NSE All-Share Index increased by 0.07 points from [...]
World Bank Debars Kenyan IT Firm Techno Brain its Parent Firm Over Fraud
The World Bank Group has today announced the twenty-eight month debarment of Kenya-based Techno Brain (Kenya) Limited (“Techno Brain Kenya”), an IT-services company, and the ten-month debarment of its parent company, United [...]Kenya's Komboa Launches Peer to Peer car Sharing Service
Komboa's peer to peer car-sharing service allows car owners to rent out their vehicles at a cost, taking a 20% commission. The four-month-old platform is one of Kenya's first car-sharing [...]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 [...]
