Kenya Airways to Spend KSh5.4 Billion in Lay Off Exercise
Kenya Airways (KQ) has laid off 182 pilots, alongside more than 400 cabin crew, even as plans are underway to nationalize the airline. Its shares are currently suspended from trading [...]
Kenyatta Lifts Restrictions on Intercounty Movement
President Uhuru Kenyatta has eased restrictions on movement in three counties; Nairobi, Mandera, and Mombasa. He says that Kenya has reached a reasonable level of preparedness thus the decision to [...]
Market Turnover Rises to KSh 553.5 Million
Market turnover at the Nairobi Securities Exchange today increased by 266% to KSh 553.5 million in comparison to Friday's turnover of KSh 151.1 million. A total of 22.3 million shares [...]Kenya Makes U-turn on SGR Directive
Kenya has revoked the directive requiring all inbound cargo destined for Nairobi and beyond to use the standard gauge railway. In May, Transport CS James Macharia issued a directive requiring [...]Kenya's Economy Grew by 4.9% in Q1 2020
Kenya's economic growth slowed down to 4.9% in the first quarter of this year, from 5.5% growth posted in the first quarter of 2019. CBK warns that the adverse effects [...]
AfDB Appoints Wambui Gichuri as Acting Vice President
The African Development Bank (AfDB) has appointed Wambui Gichuri as its acting vice president in charge of Agriculture, Human and Social Development. Her appointment took effect on 5th July 2020. [...]Weekly Turnover at NSE Declines to KSh 1.5 Billion
In the past week at the Nairobi Securities Exchange, 63 million shares worth KSh1.5 Billion were traded. This is compared to the 146 million shares valued at KSh 2.7 Billion [...]Sarova Stanley's Thorn Tree Cafe Shut Over COVID-19
Sarova Hotels and Resorts has shut down its Thorn Tree Cafe after two employees at this establishment tested positive for COVID-19. As a result of this development, we have [...]Cash-rich Safaricom well placed to weather Pandemic
Riding on a shift by subscribers to digital platforms, Kenya's leading mobile phone operator Safaricom recorded a 19.5 per cent growth in net earnings to KSh 74.7 Billion for the [...]Business Activity Improved in June-PMI index
Business activity in Kenya improved in June mainly due to the change in curfew hours and the relaxation of lockdown in key European cities. The easing of restrictions in Europe [...]COVID-19 Slows Down Implementation of Big 4' Agenda
In view of the significant financial resources required to deal with the effects of the COVID-19 Pandemic, the implementation of the' Big 4 Agenda has been slowed down. This is [...]State-owned Sugar Mills to be Leased to Private Investors
Plans are underway to lease 5 financially crippled state-owned sugar mills to private investors. This is a first step towards reviving their operations, ahead of the state's planned divestiture from [...]
