Safaricom Eyes Home Fibre as Virus Keeps Subscribers at Home
Mobile firm Safaricom has set its sights on increasing its home fibre coverage to ensure its subscribers remain connected. The firm is drawing this new plan as disruptions caused by [...]
NSE Turnover Rises to KSh 427 Million
Turnover at the Nairobi Securities Exchange today rose by 73% to Ksh 427.4 million. This is in comparison to Wednesday's turnover of Ksh 247 million. A total of 15.06 million [...]
Automotive Giant Pumps KSh 350 Million in Kenya's Car Industry
Portuguese Automotive Giant Salvador Caetano has invested KSh 350 million in Kenya's automotive industry, launching a one-stop automotive hub in Kenya. The company which offers distribution, retail, and after-sale vehicle services for [...]ILAM Fahari I-REIT Half Year Profits Grow 13% to KSh 86 Million
ILAM Fahari I-REIT profits for the half-year ending 30 June 2020 grew by 13 percent to KSh 86 million against a net profit of KSh 76.4 million recorded in a [...]
Global Markets Headlines
Kenya Shilling Depreciates by 6.3% Between January and July 2020
The Central Bank of Kenya Governor Dr Patrick Njoroge today held an online press briefing following the Monetary Policy Committee meeting on 29th July. The MPC retained the benchmark rate [...]Michael Joseph, Safaricom's New Chairman after Nganga's 13-Year Tenure
Safaricom has named its former CEO Michael Joseph as the new board chairman following the retirement of Nicholas Nganga. Joseph's appointment will take effect on 1 August, taking over from [...]Lamu Port to Boost Africa's Economic Integration
The Kenyan government has started marketing the Lamu Port-South Sudan-Ethiopia-Transport (LAPPSET) project as a platform to enhance regional and economic integration. Foreign Affairs Permanent Secretary Macharia Kamau says that marketing [...]Grim Prospects for Base Titanium as Deposits Dwindle
Delays in securing permits to exploit new mines, opposition from residents surrounding mining fields and dwindling deposits now threaten the survival of Base Titanium. The Australian-based mining giant in Kwale [...]EABL Full-Year Profits Down by 39%
East African Breweries Limited (EABL) has recorded a 39% decline in profits to KSh7 billion for the year ended 30 June 2020 compared to KSh 11.5 billion recorded in 2019. [...]Kenyan Banks restructure loans worth KSh 844.4 Billion as virus hits businesses
Kenyan Banks have so far extended the repayment period for loans amounting to KSh 844.4 Billion or 29 % of the banking sector's KSh 2.9 Trillion loan book. This is [...]Kenya's Central Bank Retains Benchmark Rate at 7%
Kenya's central bank has retained its benchmark rate at 7 per cent for the third consecutive month. CBK says that the package of policy measures implemented since March were having [...]
