Pension Scheme Members to Buy Residential Houses Using a Portion of Their Benefits
An amendment to the Retirement Benefits Authority Act (1997) gazetted by Treasury will see pension scheme members access a portion of their accrued benefits to buy residential houses. In The [...]
NSE Turnover Rises to KSh 607 Million
Turnover at the Nairobi Securities Exchange(NSE) rose to KSh 607 Million on Tuesday 22nd September. 23.81 Million shares were traded in 1,053 deals. This is compared to a turnover of [...]
US Firm Corteva, Signs Pact to Boost Kenya's Agricultural Yields
Smallholder potato farmers can now improve their yields significantly following a deal signed between Corteva Agriscience, a US-based chemical and seed council and the National Potato Council of Kenya. This [...]Kenya's International Arrivals Down by 91% in August
Virus related factors triggered a 91% drop in Kenya's International visitor arrivals in the month of August with the downward spiral expected to get worse before it can get better. [...]KTDA-Managed Factories Record KSh79 Billion Revenue in FY19/20
KTDA managed smallholder tea factories recorded a 14 percent jump in revenue in the year ended June 30, 2020. Revenues rose to Ksh79 billion from Ksh69 billion in the previous [...]M-Tiba Propels Safaricom to Global Acclamation
Safaricom has been ranked seventh on the Fortune Change the World List for its impact on public health and nutrition segment through M-Tiba. The list is built on the premise [...]Carrefour Announces Three Store-Openings in Mombasa
Carrefour, operated in Kenya by Majid Al Futtaim, is expanding its retail footprint across the country with the upcoming opening of three new Carrefour stores in the nation’s second-largest city, [...]
Turnover at NSE Halves to KSh 204.4 Million
Turnover at the Nairobi Securities Exchange(NSE) dropped significantly to KSh 204.4 Million on a volume of 8.40 Million shares that were transacted in 760 deals on Monday, 21st September, 2020. [...]Kenya Bankers Association Annual Research Conference Set for this Week
The Kenya Bankers Association will hold its 9th annual banking research conference on Wednesday 23 to Friday 25 September. The event will bring together more than 200 delegates under the [...]NSE Isolated in Proposed Regional Bourse Plan
Tanzania, Rwanda and Uganda are proceeding with plans to electronically interlink their respective stock exchanges, leaving out the Nairobi Securities Exchange(NSE). The three East African states intend to have a [...]Naivas Supermarket Becomes the Anchor Tenant at WaterFront Mall
Naivas Supermarket is set to be the new anchor tenant at the Waterfront Mall in Karen following the exit of Shoprite. The move will see Naivas set up its 66th [...]Moodys Warns Kenya over its Huge Debt Appetite
Global rating agency Moodys has cautioned Kenya to ease its foot on the debt pedal, lest it drives deeply into a crippling debt crisis. The Agency has particularly raised its [...]
