Nairobi-based OkHi Raises $1.78Million for Expansion
OkHi has raised KSh 193 million in a recent funding round by London's Angel Investment Network. The startup which has developed a digital addressing system for emerging markets will use [...]
Unga Group's Net Earnings Drop to KSh 66.2 Million as Virus Bites
Unga Group Plc, a listed flour miller recorded a sharp drop in end-year earnings. The firm attributed the decline to a fall in consumer demand, raw materials supply disruptions, a [...]
Issuance Of Shariah Compliant Bond-Like Instruments In Kenya
Kenya through the Third Medium Term Plan(2018-2022) plans on enhancing its position as an Islamic Finance Hub by putting in place an Islamic Regulatory Framework. Islamic Finance mainly involves sharing [...]Power Lines Relocation Along Nairobi Expressway to Cost KSh1.08 Billion
Kenya Power has revealed that the cost of relocating power lines along Mlolongo, Mombasa, and James Gichuru Roads to pave the way for construction of the 27.1 kilometre-long Nairobi Expressway will [...]CBK raises a paltry KSh 7.1 Billion from Weekly T-Bill Auction
Central Bank of Kenya (CBK) Treasury Bills Auction attracted bids worth KSh 7.1 Billion out of the KSh 24 Billion in 91, 182, and 364 day Treasury Bills that had [...]Turnover at the NSE rises to KSh 1.44 Billion
Turnover at the Nairobi Securities Exchange(NSE) climbed up significantly, boosted by heavy foreign investors activity on Equity Bank, to KSh 1.44 Billion. This was on a volume of 44.59 Million [...]NSE Extends Suspension From Trading Kenya Airways Shares for 6 Months
The Nairobi Securities Exchange has extended the suspension from trading Kenya Airways shares for another six months. The airline is preparing for a government buyout. A statement from the bourse [...]Kenya to Establish Incubation Programs Under the New Startup Act
Kenya is now among African countries with a Startup Act following the recent publishing of the Startup bill as an act of parliament. The new law will promote innovation, facilitate [...]Kenya Airways Seeks to Return Leased Aircraft
The national carrier, Kenya Airways, is in discussions to return the leased aircraft in an effort to cut expenses. According to the airline Managing Director, Allan Kilavuka, they are negotiating [...]Tuskys Announces New Wave of Staff Lay Offs
Retail giant, Tusker Mattresses alias Tuskys, has announced a fresh wave of staff layoffs, barely a week after they received KSh500 million from a Mauritius-based private fund. The terminations took [...]Turnover at NSE edges slightly to KSh 685.81 Million
Turnover at the bearish Nairobi Securities Exchange(NSE) rose slightly to KSh 685.81 Million this Wednesday compared to KSh 607 Million the previous day. This was on a volume of 25.82 [...]Postal Corporation Gets KSh810 Million Cheque from Treasury
Cash-strapped Postal Corporation of Kenya (PCK) has received a KSh 810 Million cheque from the National Treasury, to assist the firm sort out staff salary arrears. PCK has been struggling [...]
