Kenyans Urged to Claim Over 800Mn of Unclaimed Shares
The Unclaimed Financial Assets Authority (UFAA) is calling Kenyans to claim unclaimed shares by August 31. A notice from the Authority says that institutions have reported over 800 million with [...]
Airtel to Keep Growing Despite Cancelled Merger Plans Citi Analysts
Airtel Kenya and Telkom Kenya recently called off the proposed merger of the two companies which began in February 2019. Their union would have provided cost efficiencies and grown the [...]
World Bank approves $150 million Credit to Kenya's urban poor
To improve the living conditions of Kenya's urban poor in informal settlements, the World Bank has approved a $150 million credit line. These funds will be used to upgrade roads, [...]
KRA Invites Comments On 1.5% Digital Tax
The Kenya Revenue Authority (KRA) is inviting members of the public to comment on the 1.5% Digital Tax. The public has until August 24 to submit their comments to the [...]Kenya Railways Eyes Ksh 370M Annual Revenue From Refurbished Nairobi-Nanyuki Railway
The refurbished Nairobi-Nanyuki railway recently resumed operations, targeting annual revenue of KSh 370.4 million annually from commercial activities. The 240-kilometre meter-gauge railway line targets the petroleum sector, looking to mitigate [...]President Kenyatta Establishes the Kenya Transport And Logistics Network
President Uhuru Kenyatta on Friday issued an executive order establishing the Kenya Transport and Logistics Network (KTLN). KTLN will be tasked with managing, coordinating, and integrating operations of public ports, [...]
Kenya Airways Suspends Passenger Flights to 8 African Cities
Kenya Airways announced that it would suspend passenger flights to 8 African destinations, reducing its operations because of the pandemic. The flight operator will cease flying from Nairobi to Luanda [...]Team appointed to oversee leasing of 5 state-owned Sugar Mills
The Cabinet Secretary for Agriculture, Livestock, Fisheries and Co-operatives has appointed a team that will oversee the leasing out of 5 state-owned sugar mills to private investors. These milling factories [...]Market Report; Turnover at NSE remains flat
Turnover at the Nairobi Securities Exchange (NSE) stood at KSh 211.2 Million when trading at the bourse ended today with a total of 10,359, 700 shares traded. This is compared [...]Sale of Subsidiary Boosts WPP Scangroup Half Year Profit to Ksh 1.58Bn
WPP Scan group profits for the half-year ended June 30, 2020, rose to Ksh1.583 billion compared to a Ksh249.85 million recorded in a similar period last year. The massive jump [...]Regulator Approves Co-op Bank's 90% Stake Acquisition in Jamii Bora
Cooperative Bank of Kenya has received all the necessary approvals to purchase 90% ownership in Jamii Bora Bank. The acquisition will take effect on 21st August 2020. The deal has [...]Kenya Re Half-Year Net Profit Rises to KSh 1.6 Billion
Listed underwriter Kenya Reinsurance Corporation recorded a KSh 1.6 Billion net profit for the half-year period ended 30th June 2020. This is compared to KSh 1.1 Billion posted in the [...]
