Tuskys Owes Suppliers KSh6.2 Billion in Debt
Tusker Mattresses Limited (Tuskys Supermarket) owes suppliers a total ofKSh6.2 billion, reiterating that it has reached an agreement to pay 40% of the amount (Sh2.4 billion) over two years. “Total [...]
High Investor Appetite for Social Bonds in Q2
Investor appetite for coronavirus social bonds was high in Q2 according to the Capital Markets Authority (CMA) second-quarter soundness report released earlier this week. According to CMA’s tally, governments, institutions, [...]
Stanbic Holdings Half-Year Profit Down by 36% to KSh 2.6 Billion
Stanbic holdings profits in the first half of 2020 have dropped to Ksh2.55 billion from Ksh4.06 billion reported in a similar period last year. In the period under review, total [...]Turnover at NSE Rises to KSh 353 Million
Turnover at the Nairobi Securities Exchange(NSE) increased to KSh 352.98 Million with 16.62 Million shares transacted in 932 deals. This is compared to a turnover of KSh 198.2 Million on [...]
Shilling Under Pressure Against US$ as CBK Intervenes
The Kenya Shilling has come under tremendous pressure against the greenback, prompting aggressive interventions from Central Bank of Kenya (CBK). . Analysts expect the local unit to lose more ground [...]Central Bank Raises KSh 18.6 Billion from Weekly Treasury Bill Auction
The Central Bank of Kenya(CBK) this week accepted bids worth KSh 18.6 Billion from the Treasury Bills Auction. This is out of KSh 24 Billion worth of Treasury bills that [...]Podcast; Paxful C.E.O Ray Youssef On The Future Of Peer-To-Peer (P2P) Bitcoin Marketplaces In Africa
In an online podcast interview with the Kenyan Wallstreet, Ray Youssef, the co-founder and CEO of Paxful, shared his insights on what he believes to be the future of digital [...]
Kenyans to Pay KSh 103.95 for Petrol as Fuel Prices Soar
Kenyan commuters will now pay Ksh 103.95 for a litre of petrol as fuel prices rise for the month of August. The latest Energy Petroleum regulatory Authority price review [...]Hybrid Digital Infrastructure Minimizes Costs and Maximizes Security
Hybrid digital infrastructure can help firms cut costs and maximize security. In the wake of the coronavirus pandemic, companies have been forced to re-evaluate their cloud strategy and investment. In [...]Turnover at NSE Slides to KSh 198.2 Million.
Performance at the Nairobi Securities Exchange (NSE) continued on a downward slide as two listed banks reported massive drops in their half-year earnings. At the end of trading today, equity [...]KEPSA, Mastercard launch fund for Virus-hit businesses
The Kenya Private Sector Alliance (KEPSA) in partnership with US-based Mastercard Foundation, has launched an interest-free fund to cushion micro, small and medium-sized enterprises from disruptive effects of the coronavirus [...]KRA Commissioner General James Mburu's Term Extended to 5 Years
Treasury Cabinet Secretary Ukur Yattani has extended the term of KRA Commissioner James Mburu by an additional two years. Mburu will now serve at KRA's helm for five years, after [...]
