Acorn Targets Fund Managers with REITs
Acorn, a leading property developer, has rolled out an 8-week roadshow to sell its Real Estate Investment Trusts (REITs) to fund managers. This promotion, which took off a week ago, [...]
Kenyatta Extends Business Relief Measures as Pandemic Bites
President Uhuru Kenyatta directed the National Treasury to extend the business relief measures unveiled to cushion businesses and households from the economic downturn occasioned by the COVID19 pandemic. In a [...]
KSh163 Million Debt Pushes 8 Coffee Factories Closer to Auction
A KSh163 million debt burden could be the reason eight coffee factories affiliated to Rumukia Cooperative Society in Nyeriinch closer to being auctioned. In the 2013/14 financial year, a miller [...]
Kenya's Current Account Deficit Unchanged at 4.7% in August
Kenya's current account deficit in the 12 months to August remained at 4.7% of GDP, similar to July's current account deficit. This reflected low oil imports, increased exports of tea [...]
Tuskys Shareholders Approve KSh2 Billion Credit Deal
Tuskys Supermarket shareholders have unanimously approved efforts to secure structured credit facilities amounting to KSh2 billion. In a statement, the board of directors says that an Extraordinary General Meeting held [...]NSE Turnover Declines to KSh 307.05 Million
Turnover at the Nairobi Securities Exchange(NSE) fell to KSh 307.05 Million when the trading closed today, a big drop from Friday's turnover of KSh 502.46 Million. The volume of shares [...]Kenya Shilling on the ropes ahead of Central Bank policy meeting
Traders and forex dealers are keenly watching the Kenya Shilling ahead Tuesday's meeting by the Monetary Policy Committee (MPC), a top policy organ of the Central Bank of Kenya (CBK). [...]Legislators Seek New Terms for the KSh 488 Billion Chinese SGR Loan
The Transport Committee in parliament wants the Kenya Government to renegotiate with China on outstanding loans for the Standard Gauge Railway(SGR) and operational costs including the price of wagons. The [...]Remittances Remain Strong in August to Hit Ksh 29.3 Billion
The Central Bank of Kenya has revealed that diaspora remittances inflows remained strong for the fourth month running hitting Ksh29.3 billion ($274.1 million) in August 2020. The amount was 28 [...]Weekly Deals Digest; Sept 16th 22nd
In this issue of the Weekly Deals Digest, Nigeria and South Africa compete for the top place in the number of deals in the continent. In Nigeria, Big Cabal Media [...]NSE Weekly Turnover Declines to KSh3.4 Billion
Weekly turnover at the Nairobi Securities Exchange(NSE) declined to KSh 3.4 Billion for the period ended 25th September, 2020 from KSh 5 billion turnover in the previous week. The volume [...]NSE Turnover Drops to KSh 502.5 Million
Turnover at the Nairobi Securities Exchange (NSE) declined to KSh 502.46 Million compared to the week's high of KSh 1.44 Billion on Thursday. The volume of shares traded fell to [...]
