Kenya Power Demands Tariff Reviews
Kenya Power has warned that delay in implementing tariff reviews could increase the risk of defaulting on its contractual obligations. The power distributor has faulted the Energy and Petroleum and [...]
KBA Partners with Huawei to Expand ICT Services in Banking
The Kenya Bankers Association (KBA) has signed a partnership with Huawei Kenya to expand ICT in the banking sector and improve financial inclusion in line with its strategic plan for [...]Treasury Bond Auction Raises KSh64.2 Billion in September
The Central Bank of Kenya has collected Ksh64.176 billion from the September treasury bond auction against the advertised Ksh50 billion. CBK received bids worth Ksh81.677 billion representing a 163 percent [...]
Kenya's Economy to Rebound in Q4, 2020
Kenya's economy is expected to rebound in the last quarter of 2020 on the back of increased exports of flowers, fruits, and tea to key markets. This is a marked [...]
Report Ranks Kenya, SA Nigeria Among World's Top 10 Countries in Cryptocurrency Adoption
A recent report by dubbed the 2020 Geography of Cryptocurrency Report ranks three African Countries; Nigeria, Kenya and South Africa among the top ten countries in cryptocurrency adoption. The report [...]NSE Turnover Jumps to KSh 550.65 Million
The volume of shares traded at the Nairobi Securities Exchange(NSE) increased to 17.69 Million on Wednesday 16th September 2020. This is compared to 11.48 Million shares traded on Tuesday. Total [...]KOKO Networks Rolls out Clean Fuel ATMs in Nairobi
KOKO Networks, a venture-backed tech startup, has begun installing automated machines within many retail outlets within Nairobi, that allow customers to fill up their cooking gas cylinders. The firm is [...]12 Shortlisted for Position of Data Protection Commissioner
The Public Service Commission (PSC) has shortlisted 12 candidates for interviews for the position of Data Protection Commissioner. The Commission received 126 applicants following an advert that was placed in [...]DPO Group CEO Sees More Opportunities For Growth After Landmark Acquisition by Network International
Big news emerged in late July when Nairobi headquartered African Payment Service Provider DPO Group announced it had entered an agreement for a 100% acquisition by Network International. The transaction, [...]
CMA issues New Guidelines to Fund Managers
The Capital Markets Authority (CMA) has published new guidelines for fund managers who run Collective Investment Schemes(CIS). These rules, which take effect on 1st January 2021, will be used to [...]Turnover at the NSE Rebounds to KSh 303.1 Million
Equity turnover at the Nairobi Securities Exchange (NSE) rose from a low of KSh 81.5 Million on Monday 14th September 2020 to KSh 303.09 Million. This is on a volume [...]Kenya Shilling Hits a New Low of 108.71 Against the Greenback.
Hit by reduced diaspora remittances as well as declining inflows from exports and a stagnant tourism sector, the Kenya Shilling has continued to decline against the US dollar. When forex [...]
