Virus Adversely Affects KRA's Tax Collection Targets
Kenya Revenue Authority (KRA) recorded slow growth in collections of Pay as you Earn (PAYE) tax, attributed to a decline in employment rate in the fourth quarter between April and [...]
Weekly Treasury Bills Auction 40% Undersubscribed
The Central Bank of Kenya (CBK) has received bids worth KSh 9.7 Billion out of KSh 24 Billion worth of Treasury Bills offered at this week's Auction, an under subscription [...]Tech Stocks Drive US Market Higher
Wallstreet The US stock market closed higher on Thursday's trading session with technology stocks lifting the Nasdaq 100 to a record high. Apple, Netflix, Facebook, Alphabet, Microsoft all rose by [...]
NSE Turnover Declines by 47% to KSh 204.4 Million
Activity at the Nairobi Securities Exchange(NSE) has remained volatile this week with turnover declining to KSh 204.37 Million when trading at the bourse on Thursday 20th August 2020. This is [...]Sanlam Reports KSh 99 Million Loss in H1 2020 as Expenses Rise
Sanlam Kenya PLC has reported a loss of KSh 99.14 million in 2020 H1, down from a profit of KSh 639.67 million in the same period last year. The losses [...]Stanbic and Jubilee Holdings Included in NSE 20 and NSE 25 Share Indices
Stanbic and Jubilee Holdings have been included in the Nairobi Securities Exchange (NSE) NSE 20 and NSE 25 Share Index respectively. In a statement, NSE said the change took effect [...]
Pandemic Pushes Britam to KSh 1.6 Billion Half-Year Net loss
Britam Holdings Plc, a diversified financial services firm that is also listed at the Nairobi Securities Exchange(NSE) has posted a net loss of KSh 1.6 Billion in the last six [...]How Have Major World Currencies Handled The Pandemic?
The Kenyan shilling has been struggling in the aftermath of the coronavirus pandemic outbreak. In fact, the currency recently hit arecord lowdue to major importers’ demand for the dollar. The [...]Silicon Valley's Incubator Founder Institute Lands in Kenya
Founder Institute has opened a new chapter in Kenya, opening up its network of mentors to startups in the country. The pre-seed startup accelerator also opened applications for startups to [...]The 2020 FiRe Awards Officially Kick-Off
Public and private companies have begun submitting their entries for this year's Financial Reporting (FiRe) Awards, the most prestigious and coveted trophy in financial reporting in East Africa. Private sector [...]Legal Hurdle Against Leasing State-owned Sugar Millers Lifted
The Kenya Union of Sugar Plantations and Allied Workers (KUSPAW) has withdrawn a case it had filed in court opposing plans to lease out five cash-strapped state-owned sugar millers to [...]Kenya Exempts More Countries from Quarantine
The government of Kenya has released a list of 130 States exempted from quarantine on arrival in Kenya. Passengers from the United States are also allowed into the country without [...]
