Kenya Aviation Corporation to Take Over Kenya Airways
The Government intends to establish Kenya Aviation Corporation, an entity that it will use to take over operations of Kenya Airways upon it being nationalized and delisted from the Nairobi [...]
Tea Auction Records a Slight Increase in Prices
Theweekly MombasaTea Auction held on the 29th and 30th June 2020 recorded 12.5 million kilograms offered for sale. The amount on offer recorded an increase from 10.9 million kilograms offered [...]
EAC Trade Down by 40% Due to Movement Restrictions
EAC Trade volumes have dropped by 40% due to the restrictions on the movement of people and goods. The volumes of EAC trade dropped significantly after February when the onset [...]NSE Turnover Declines 47% to KSh 151 Million
The Nairobi Securities Exchange closed the week(Friday, July 3rd) with 6.25 million shares traded, valued at KSh 151.1 million. Top mover of the day was Equity Group with 2.1 million [...]CBK Mops KSh118Bn in June
CBK collected KSh 118.174 billion from the domestic market in June through treasury bills and bonds auction. In June the treasury bonds and bids were oversubscribed indicating huge investor appetite [...]
BP Sells Petrochemical Business for $5Bn
BP will sell its petrochemical business for $5bn (£4.1bn) to INEOS which BP says employs 1,700 staff worldwide. The sale is in line with BP’s plan to sharply cut carbon [...]Kenya Airways Shares Suspended From Trading for 3 Months
The Nairobi Securities Exchange (NSE) has given a notice of suspension of trading Kenya Airways shares, following the looming government buy-out. The suspension will remain in place until the deal [...]Treasury to Appeal Removal of Excise Duty on Betting
The National Treasury CS says that he will be proposing to the National Assembly to repeal the reintroduction of the excise duty on betting within the next six months. On [...]Relief for Motorists as NMS Plans Hourly Parking
Motorists in Nairobi will soon benefit from hourly parking as the Nairobi Metropolitan Services (NMS) begin automated hourly parking following the presidents' directive. NMS Director-General Mohammed Badi said that the [...]Declining Revenues Despite Growing Number of Taxpayers
4.4 million people filed taxes this year, compared to 3.6 million people who filed in 2019. KRA attributes the growth in tax filings to investment in the iTax system. In [...]Kenyans Not Eligible For Interim EU Visas
Kenya is not among the list of countries granted the interim EU Visas after EU opened up non-essential travel. An article by Reuters shows that only 54 countries globally made [...]Kenya Slashes Park Fees by 50% as Visitors Dwindle
The Kenya Wildlife Services(KWS) has reduced park entry fee by 50% for locals and foreigners to rescue the tourism sector. KWS is a state corporation that was established to conserve [...]
