Demand for Kenya's Flowers Recovers to 85%
Demand for Kenya's flowers has recovered to almost 85 percent according to the Kenya Flowers Council. Kenya Flower Council CEO Clement Tulezi attributes the rise in demand to the reopening [...]
Maasai Mara Game Reserve Reopens after 4 Months
The Maasai Mara Game Reserve has finally started the gradual reopening, after being closed for four months as a result of the global COVID-19 pandemic. The reopening follows the directive [...]
KQ Drops Flights to US China ahead of 1st August Resumption
Kenya Airways (KQ) has announced plans to drop direct flights to the United States and China even as it gears to resume international flights on 1st August 2020. In an [...]Safaricom Introduces Alerts on Mpesa Transaction Limits
Mobile firm Safaricom has introduced a new feature that alerts a user on its Mpesa money transfer service platform on what amounts they can transfer. This happens each time money [...]
NSE Equity Turnover Rises 85% to KSh 1.01 Billion
Trading on Tuesday at the Nairobi Securities Exchange saw an 85% rise in turnover to Ksh. 1.01 Billion. This is in comparison to Monday's turnover of Ksh. 548 million. A [...]Kenya's Consumer Confidence Dips By 11 Points Nielsen
Kenyans now have less cash to spend according to findings by a Nielsen survey. The Nielsen's Consumer Confidence Index (CCI) Survey for 2020 Q2 shows that consumer confidence fell by [...]Senate Mulls New County Revenue Sharing Deal
County Governments are once again faced with a severe cash shortage as their 2020/21 calendar begins. This is as Senate ponders what formulae to use in allocating funds to devolved [...]Kenya Power Appoints Five new Board Directors
The Board of Kenya Power and Lighting Company PLC (Kenya Power) has appointed Eng. Abdulrazaq Ali, Eng. Elizabeth A. Rogo, Caroline Kittony-Waiyaki, Vivienne A. Yeda and Sachen Gudka as Non-Executive [...]NSE Turnover Rises Slightly to KSh 548 Million
The NSE today traded a total of 11.33 million shares in 804 deals. Safaricom recorded the highest volume of the day with 6.84 million shares traded. Safaricom saw a turnover [...]Reprieve as SMEs to Access KSh 5 Billion Stimulus Cash
Small and medium-sized enterprises that have been worst hit by the COVID-19 pandemic will now benefit from a KSh 5 Billion kitty from the State Department of Trade. According to [...]Ahmed R.M. Mohamud Joins KCB Board
The Board of Directors of KCB Group has appointed Mr Ahmed Rahime Mohamud Mohamed as a non-executive Director of the company, following Central Bank's approval of the appointment. Mr Ahmed [...]Tuskys Pays KSh 2.77 B To Suppliers, Eyes a Strategic Investor
Tusker Mattresses Limited (Tuskys) paid KSh 2.77 billion to its suppliers in June, following an order from the Competition Authority of Kenya (CAK). The retailer is seeking alternative funding options, [...]
