Govt Sets Protocols to Resume Imports of Second Hand Clothes
Trade CS Betty Maina has said that the Ministry of Trade is developing guidelines to resume the importation of second-hand clothes. The announcement came after petitions from traders whose stock [...]
Equity Group to Open a Non-operating Insurance Holding Company
Equity Group holdings shareholders approved the establishment of a non-operating insurance holding company and a subsidiary for purposes of conducting insurance business in Kenya. During the 16th Annual general meeting [...]
Kenyatta assents Finance Bill 2020 into Law
President Uhuru has assented and signed into law the Finance bill 2020, 2020/21 Budget, and the 2019/20 third Supplementary Budget. The finance bill will see Kenyans enjoy zero-rated maize, cassava, [...]Kenya's Inflation Declines to 4.59% in June
Kenya's inflation in June dropped to 4.59% year on year, from 5.5% recorded in May. That was the lowest rate since September 2019, and was occasioned by a reduction in food [...]SACCOs Severely Hit by COVID19
One of the sectors that has been worst hit by disruptions of COVID-19 pandemic is the Savings and Credit Co-operatives (SACCOs), modeled along collecting deposits from members and lending to [...]
NSE Turnover rises 42% to Ksh. 359.07 Million
Turnover on Tuesday at the Nairobi Securities Exchange, rose 42% to Ksh. 359.07 Million. This is in comparison to Monday's Ksh. 253 Million. Investors exchanged 15.54 Million shares in 1,229 [...]CMA Publishes Guidelines on Share Repurchase
The Capital Markets Authority(CMA) has published guidelines that will enable listed firms to acquire their own shares. This is a provision that was introduced to offer a unique opportunity for [...]Equity Group Chair David Ansell Retires, Isaac Macharia Takes Over
Professor Isaac Muthure Macharia is to take over the role of Equity Group's Board Chair as David Ansell retires from the board. The transition was announced during the bank's virtual [...]Safaricom Picks Ilanna Darcy as New CFO
Safaricom has picked insider, Ilanna Darcy, as the new Chief Finance Officer (CFO) in an interim capacity effective July 1st, 2020. Darcy has been working at Safaricom since 2017 as [...]Jubilee Holdings Buys a KSh4.2B Stake in Bujagali Energy
Jubilee Holdings Limited (JHL) has purchased an additional 9.44 percent stake in Bujagali Energy Limited from technical partners SN Power for KSh4.2 billion ($40 Million). Consequently, the transaction increases Jubilee [...]MFS Africa Acquires Beyonic
Money Transfer company, MFS Africa, has completed the takeover of payment provider Beyonic. The acquisition will see MFS absorb Beyonic’s entire team with Beyonic’s Founder and CEO Luke Kyohere, absorbed [...]ZERO AOG MILESTONE IS REACHED
It has been a difficult journey, and one we could never have undertaken without our customers’ patience and support, but we have now reached a position where there are zero [...]
