Kenya to Launch Diesel Price Stabilization Fund
Kenya has announced plans to set up a diesel price stabilization fund, a move that seeks to reduce the volatility in the price of the fuel. A stabilization fund is [...]
Turnover at NSE Jumps to KSh 501.49 Million
Turnover at the Nairobi Securities Exchange(NSE) increased to KSh 501.49 Million at the end of trading on 7th September 2020. This was on a volume of 18.19 Million shares. Equity [...]
World Bank Names Keith Hansen as New Country Director for Kenya, Uganda, Somalia, Rwanda
The World Bank has appointed Keith Hansen as the new country director for Kenya, Uganda, Somalia, and Uganda effective September 8, 2020. The senior advisor will take over from Carlos [...]M-Akiba Investors Receive KSh 935.9 Million Final Interest Payment
The Central Depository and Settlement Corporation (CDSC) has paid out KSh 935.9 Million to 13,592 M-Akiba Bond investors. This amount includes the principal and final interest on an infrastructure bond [...]Loss-Making CIC Sets New Date for AGM
CIC Insurance Group Plc has announced that its Annual General Meeting(AGM) will be held via electronic means on 29th September, 2020, at 10.a.m. This follows cancellation of its first notice [...]End of The Road for Deacons as Administrator Plans to Liquidate Firm
Revival plans of Deacons East Africa appears to have hit a dead end with its administrators intending to liquidate the firm. This is after efforts to sell its assets and [...]KAA to Construct KSh3 Billion Nakuru Airport
The Kenya Airports Authority (KAA) is set to begin constructing the KSh3 billion Nakuru airport after settling on a contractor. The KSh3 billion project,located at the 81Tanks Battalion barracks, will [...]KCB to Pay KSh3.2 Billion to Imperial Bank Depositors
KCB Bank Kenya has commenced the payment of funds to eligible depositors of Imperial Bank Limited Imperial bank is under a receiver-manager Kenya Deposit Insurance Corporation (KDIC) which has approved [...]
Banks and Pension Funds Dominate Kenya's Domestic Debt
Banks and pension funds have dominated government domestic debt stock according to the latest CBK weekly bulletin. Banking institutions have grown their share of local debt from 53.63 per cent [...]Weekly Deals Digest: Aug 26th Sep. 1st 2020
In the fourth Issue of the Weekly Deals Digest, we focus on Africa and the emerging markets. This week, startup funding in the continent was distributed evenly across foodtech, healthtech [...]Prices Decrease at Weekly Mombasa Tea Auction
The weekly Mombasa Tea Auction held on the 1st and 2nd September 2020 recorded 9.1 million kilograms offered for sale. The amount on offer recorded an increase from 8.3 million kilograms offered [...]Subscriber disruptions in overnight M-PESA upgrade
Safaricom has informed its customers of impending maintenance on its M-Pesa mobile money transfer platform this weekend. The latest fix is part of the mobile operator's routine maintenance works that [...]
