Senate Adopts the Third Counties Revenue Allocation Criteria
Senate Committee on Finance and Budget has adopted the third basis for allocating national revenue among the counties. Counties are entitled to receive an allocation from revenues raised nationally for [...]
National Assembly Endorses Nancy Gathungu for Auditor General Position
The National Assembly Finance and Planning Committee has endorsed Nancy Gathungu for the Auditor General position. Nancy Gathungu will now wait to take over the AG position that has been [...]
Standard and Poor Downgrades Kenya's Outlook to Negative
Standard Poor(SP) Global Rating agency has revised Kenya’s outlook to ‘negative’ from ‘stable’, citing that the coronavirus pandemic will slow the country’s GDP growth significantly in 2020 and weigh [...]
NSE Stock Hits All Time Low
The Nairobi Securities Exchange shares were the top losers of the day during Tuesday's trading. The stock hit an all-time low of KSh 6.50 with 122,300 shares traded. At the [...]Christopher Kulei Joins Standard Group Board
Standard Group Plc has appointed Christopher Kulei as a Non-Executive Director with effect from July 14th, 2020. Mr Kulei is an Executive Director at Sian Roses Group of farms where [...]Fitch Revises KCB Outlook to Negative
Fitch Ratings has revised the Outlook on KCB Group from stable to negative due to the expected impact of coronavirus. The American rating agency says there is a limited probability [...]Diesel and Petrol Prices Up by KSh 17 and KSh 11 for July
Consumers will now pay KSh 100.48 for a litre of petrol and KSh 91.87 for a litre of Diesel in Nairobi, as petrol prices rise in July. A statement by [...]Private Sector Calls for Value Addition in the Ongoing Kenya-US FTA Negotiations
Different members of Kenya's private sector yesterday called for value addition in agriculture as one of the key components of the ongoing FTA negotiations between Kenya and the US. In [...]New UK Immigration Rules Pave Way for More Kenyans from 2021
More Kenyans will now be able to work in the UK starting from next year, following new UK immigration rules that will allow highly skilled Kenyans without degree-level qualifications to [...]Kiprono Kittony Appointed as NSE Board Chair
The Nairobi Securities Exchange (NSE) Board has appointed Kiprono Kittony as its chairperson, following theresignation of Samuel Kimani on 13th July. Samuel held the role for four years and he [...]CDC Invests $100m in Helios Investors IV
CDC Group has announced a $100 million investment in Helios Investor IV, a pan-African fund that will invest in market leading firms across the continent. Helios Investor IV is the [...]Kenya Power Directors Resign
In a notice to shareholders, Kenya Power announced the resignation of its board members; Mr. Adil Khawaja, Mr. Kairo Thuo, Mr. Wilson Kimutai, Mrs. Brenda Kokoi the project manager, and [...]
