Kenya Reinsurance Dominates Activity at NSE as Week Closes
Kenya Reinsurance was the most dominant counter when trading closed Friday, moving 7.12 Million shares resulting in a turnover of KSh 14.99 Million after 130 deals were concluded. It replaced [...]
Treasury Bill Auction Undersubscribed, Raises KSh10.9 Billion
In the first treasury bill auction of September, the Central bank has collected a paltry Ksh10.9 billion against the targeted Ksh24 billion. The bills were undersubscribed registering a performance rate [...]
Bruno Thomas Retires from East African Cables Board
Bruno Thomas has retired from the board of directors of East African Cables effective 3 September 2020. In a statement, the cable manufacturer notes that Bruno has served as technical [...]SmartPhone Penetration Propels Digital Economy in Kenya
Smartphone penetration has propelled the digital economy across Kenya through hosting e-commerce, digital borrowing and lending, social networks, and mobility applications. This was revealed in the FinAccess Household Survey 2019 [...]Turnover at NSE Plunges to KSh 269 Million
Turnover at the Nairobi Securities Exchange(NSE) fell to KSh 269.03 Million at the close of trading on 3rd September, 2020. This is compared to a turnover of KSh 1.1 Billion [...]KenGen Shareholders to Receive KSh 1.65 Billion Dividend
The Board of the power generating firm Kengen has recommended a dividend payout of KSh 1.65billion for its shareholders for the year ended June 30th, 2019. The Board has recommended [...]Kenya Reinsurance to Hold Virtual AGM in October
Directors of listed firm, Kenya Reinsurance, have notified shareholders that 22nd Annual General Meeting(AGM) will take place virtually, on 9th October, 2020. This meeting is expected to approve payment of [...]Kenya's Private Sector Growth Rate Slows in August- PMI Index
Kenya's Purchasing Managers Index (PMI) fell to 53 in August 2020 from 54.2 in July. The slow down was triggered by many firms, affected by the pandemic, scaling down or [...]Sankara Hotel Nairobi Reopens After 5 Months
The Sankara Nairobi hotel has reopened after nearly five months of closure following the global COVID-19 pandemic, albeit with a lean staff of about 100 workers only. According to the [...]
Agnes Gathaiya, New Director for Google East Africa
Google has appointed Agnes Gathaiya as the new Director for East Africa. The former Chief Executive of Integrated Payment Services Limited (IPSL) will take over from Charles Njenga Murito, who [...]NSE Turnover Increases Fourfold
Turnover at the Nairobi Securities Exchange (NSE) increased fourfold to KSh 1. 1 Billion when trading closed at the bourse on September 2nd, 2020. This is on a volume of [...]Kenya Position 115 out of 152 in Manufacturing Competitiveness
Kenya has ranked position 115 out of 152 countries in the Competitive Index Report (CIP) Index Report, 2020. The Report benchmarks the ability of countries to produce and export manufactured goods competitively. It provides a yardstick against which Kenya can compare its manufacturing [...]
