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 [...]KCB Appoints Dr James Bagaka as Non-Executive Director
KCB Group has appointed Dr James Obuya Bagaka as Non-Executive Director on its board with effect from 6th October, 2020. Dr Bagaka brings to the boardroom, vast experience and expertise [...]April -June Mobile Money Transfers Hit KSh 722.6 Billion
From April to the end of June 2020, the value of person to person mobile transfers reached KSh 722.6 Billion, a 7.2% increase from KSh 674.1 Billion mobile transfers between [...]NSE Turnover Edges up to KSh 350.4 Million
Turnover at the Nairobi Securities Exchange rose to KSh 350.35 Million on a volume of 12.98 Million in 882 deals. This is compared to a turnover of KSh 220.99 Million [...]Absa Kenya Boosts SME Lending to Aid post Virus recovery
Absa Bank Kenya is boosting its lending initiatives towards Small and Medium-sized Enterprises (SMEs) to help businesses recover from the adverse effects caused by COVID-19. The bank will offer short [...]KRA Launches M-Service Mobile App
Kenya Revenue Authority (KRA) has introduced a new mobile phone application that will enable taxpayers to access tax services from the comfort of their handsets. This new mobile App branded [...]Sub-Saharan Africa GDP Growth to Rebound in 2021-World Bank
The World Bank says countries in Sub-Saharan Africa will experience economic growth next year as they begin to lift movement restrictions. This is even as many suffer the adverse effects [...]
