Amana Capital Secures Strategic Investor
Amana Capital Limited has secured a strategic investor to be part of its recapitalization plan after the collapse of the Nakumatt commercial paper. The investor is working with shareholders to [...]
ByteDance Seeks $60 Billion Valuation for TikTok Global
TikTok owner ByteDance is seeking a $60 billion valuation in the US, according to a report by Bloomberg. In a deal that already has Trump's approval, Oracle will access up [...]CBK Auctions Attract Bids Worth KSh98.6 Billion
The National Treasury raised a total of KSh98.6 Billion from the sale of two T- Bills and T-Bonds auctions that took place on the Wednesday and Thursday this week. While [...]
Weekly Turnover at NSE Doubles to KSh5 Billion
Weekly Equity turnover at the erratic Nairobi Securities Exchange(NSE) rose significantly with 176Million shares valued at KSh 5Billion traded. This is against 92Million shares valued at KSh 2.4Billion transacted the [...]EU Grants Kenya KSh643 Million to Boost Cereals Production
The European Union has granted KenyaKSh643 millionto boost cereals production in the country. The EU grant will also finance market access programmes, and training of cereals farmers on crop husbandry [...]Reprieve for Tuskys as it Receives KSh 500 Million Credit Line
Financially troubled retailer, Tusker Mattresses(Tuskys) Limited has received KSh 500 Million, the first tranche of the KSh 2 Billion credit that it had secured from a private equity firm based [...]Google Announces KSh 125 Million Grant for Kenyan Women
Google is giving Ksh 125 million to Kenyan women who lost their income due to the pandemic to start businesses. The business capital grant will reach 500 women, helping them [...]Turnover at NSE Drops to KSh 453 Million
Total Equity Turnover at the Nairobi Securities Exchange(NSE) declined to KSh 453 Million when trading closed Friday 18th September 2020. This is compared to a year-high of KSh 3.8 Billion [...]Wambua Kimeu is Centum's New Group Finance Director
Centum Investment Company Plc has appointed Wambua Kimeu as the new Group Finance Director. He takes over from Samuel Kariuki who served as the Group Finance Director and Managing Director [...]
KenGen Seeks Transaction Advisor on Sale of Carbon Credits
KenGen, a state-owned electricity generating company, is seeking consultants to advise on the sale of certified carbon emissions-reduction units from its hydropower, wind, and geothermal projects. This is an EOI [...]Disruptions as NCBA Begins 5-day Systems Upgrade
NCBA is undertaking a core banking system upgrade that will affect all its branches. The upgrade began on Thursday at 18.00 hours and it will end on 21st September at [...]NSE Turnover Climbs to KSh 3.8 Billion
Equity at the Nairobi Securities Exchange(NSE) increased significantly on 17th September 2020 to KSh 3.76 Billion compared to KSh 550.65 Million on Wednesday and KSh 303.09 Million on Tuesday this [...]
