Jambojet Targets Fresh Revenue in Charter Flights as COVID-19 Changes Consumer Demand
Jambojet has announced its entry into charter operations to boost revenue streams and address emerging consumer needs. The charter flights target clients who want more privacy, and convenience during COVID-19, [...]
Kenya Power’s Debt to Power Suppliers Hits KSh47.85 Billion
Electricity distributor, Kenya Power's debt to its various power suppliers has hit a whopping KSh47.85 billion for the period up to June 2020. This includes KSh23.7 billion owed to KenGen, [...]Treasury Bill Auction Raises KSh 18.7 Billion
The Central Bank of Kenya(CBK) accepted bids worth KSh 18.7 Billion from last week's Treasury Bills Auction out of KSh 24 Billion offered to investors, a performance of 84.1%. Bids [...]
Petrol up, Diesel and Kerosene Price down
The pump price of super petrol has gone up by 2.65% or KSh 1.48 to sell at KSh105.43 in Nairobi effective from midnight of 15th September 2020. The cost of [...]Kenya's Stock Market Records Lowest Daily Turnover in 2020
Kenya's stock market on Monday traded a volume of 5 Million shares resulting in the counter recording a turnover of KSh 81 Million, its lowest level in 2020. This is [...]Over 200,000 Businesses Join Safaricom's Lipa Na M-PESA Service
Kenya's leading telco Safaricom has announced that the number of businesses on its Lipa Na M-PESA service has hit past the 200,000 mark. The Lipa Na M-PESA service was launched [...]Kenya at Risk of External-Debt Distress
Kenya is at a high risk of external-debt distress as a result of foreign-currency obligations growing faster than income from abroad. According to the National Treasury, the ratio of debt-service [...]Kenya Approves First Locally Manufactured Ventilator
The Kenya Bureau of Standards, KEBS certified the first locally manufactured ventilator. The ventilator dubbed Pumuashi 3.0 was developed by the Kenya Association of Manufacturers KAM Automotive Sector led by [...]Weekly Deals Digest: Sept 2 Sep 8 2020
In this week's deals digest funding rounds in Africa leaned towards real estate, construction and energy. On the other hand, Edtech takes the lead in venture deals in emerging markets. [...]CMA grants African Diaspora Asset Managers a license
The Capital Markets Authority (CMA) has granted a fund manager’s license to African Diaspora Asset Managers Limited. The fund manager will target Kenyan and African clients in the diaspora. The [...]Safaricom Dominates NSE as Turnover Slides to KSh 398.6 Million
Safaricom was the biggest mover when trading closed at the Nairobi Securities Exchange (NSE) on Friday, 11th September 2020. The telecommunication firm moved 6.19 Million shares trading at between KSh [...]Kenya's Economic Growth to Rebound to 5.3% in 2021 National Treasury
Kenya's economic growth rate as measured by the Gross Domestic Product (GDP) is expected to rebound to 5.3% in 2021. Estimates from National Treasury indicate that GDP will slow down [...]
