Kenya To Experience Sluggish Recovery in Employment
Kenya will experience a sluggish recovery in employment according to business leaders who gave their insights into the business environment in a webinar hosted by the Kenya Private Sector Alliance. [...]
Co-op Bank's Half-Year Net Profit Falls by 3.6% to KSh 7.2 Billion
Kenya's Co-operative Bank posted KSh 7.2 Billion Net Earnings in the six months period that ended on 30th June 2020. This is compared to KSh 7.5 Billion over a similar [...]
Jumia Q2 Losses Fall by 44% to €37.6 million
Jumia Technologies AG yesterday announced results for the second quarter ended 30 June 2020. The company recorded an operating loss of €37.6 million, 44% down from €66.7 million at a similar period this [...]
Kenya's New Vehicle Sales Down 27% in H1 2020
The number of new vehicles sold in the first half of 2020 declined by 27% to 4,622 units from 6,314 units sold in the same period in 2019 according to [...]
KCB Half-Year Net Earnings Down by 40% to KSh 7.6 Billion
Considered the most profitable lender in East Africa, KCB Group has posted KSh 7.6 Billion in its 2020 half-year net earnings, a 40% decline from the previous period last year. [...]NSE Turnover Declines to KSh 266 Million
At the end of trading at the Nairobi Securities Exchange (NSE)yesterday, market turnover declined to KSh 266 Million. This is compared to KSh 355 Million when the bourse closed on [...]Gold ETF Provides Investors with Long Term Returns
The coronavirus pandemic has seen investors run to safe-haven assets such as Gold that has seen the price of gold increase 30 per cent since the start of the year [...]Markets Regulator to take over Nairobi Coffee Exchange in April 2021
Capital Markets Authority(CMA) is in the process of taking over and fully automating all marketing and auction processes at the Nairobi Coffee Exchange(NCE). The spot market should be in place [...]DTB IFC Partner to Offer KSh 5.4Billion Loan to SMEs
Diamond Trust Bank Kenya Limited (DTB) today announced that it has partnered with the International Finance Corporation (IFC) to advance loans to small businesses in Kenya during the pandemic. DTB [...]East African Cables to Hold AGM in September
Shareholders of listed firm East African Cables will not receive any dividends for the year that ended on 31st December 2019. The company's virtual Annual General Meeting is scheduled for [...]Novartis Names Beatrice Gachenge as New Head of Communication for Africa
Swiss Pharmaceutical GiantNovartisrecently named Beatrice Gachenge as the head of Communication for Sub-Saharan Africa. Beatrice, who has over 13 years experience in media, technology and consultancy will be based in [...]Kenya's Sugar Imports Rise 19% in H1 to 237,581 Metric Tonnes
The volume of sugar imported into Kenya rose to 237, 581 metric tonnes between January and June this year. Figures from the Sugar Directorate indicate that this is a 19% [...]
