NTSA ICT Director, Dr Fernando Wangila Passes Away
Dr. Fernando Wangila, ICT Director for the National Transport and Safety Authority (NTSA) passed on on Friday. Dr. Wangila was known for his work in the digital transformation of the [...]
Tuskys Suppliers' Debt is Due on July 16 CAK
Tuskys suppliers' debt is due on July 16, according to a Competition Authority of Kenya (CAK) directive. The regulator launched a probe against the retailer, to unearth reasons behind the [...]Kenya's President Nominates Janet Kabui Gathungu as Next Auditor General
President Uhuru Kenyatta has nominated Nancy Janet Kabui Gathungu as the Auditor General pending National Assembly's vetting and approval. Gathungu was among ten candidates vetted by the Recruitment panel including; [...]
Global Markets Mixed as Pandemic Drives Sentiment
Global Markets Wrap-up OPEC Commits to Output Cuts Oil futures traded higher on Friday after OPEC and it members committed to meet their production cut commitments. On Thursday, the Joint [...]Kenyan Legislators Reject Pension Tax, Scrap Excise Duty on Betting
Retirees in Kenya can breathe a sigh of relief as the National Assembly opposed new pension tax proposals. The finance bill had proposed the removal of existing tax incentive, that [...]CMA Admits Two New Firms in Regulatory Sandbox
The Capital Markets Authority has welcomed Belrium Kenya and Pyypl Group Limited in its regulatory Sandbox. The entry of the two companies brings the number of firms in the Sandbox [...]Kenya Clinches Non-Permanent Seat at UN Security Council
Kenya clinched non-permanent seat at the UN Security Council (UNSC) after garnering 129 votes which is above the required threshold of two-thirds of the cast votes. Its main rival Djibouti [...]StanChart Cuts Final Dividend to KSh 7.50
The board of directors of Standard Chartered Bank Kenya has proposed a final dividend of KSh 7.5 for the FY 2019. This is a revision down from an earlier proposed [...]CMA Warns About Dominant Firms at The NSE
The Capital Markets Authority(CMA) has sent out an alarm over what it terms as the dominance of five listed firms at the Nairobi Securities Exchange(NSE). In its Q1, 2020 Soundness [...]
Turnover Rises by 23% to KSh 511.8 Million
At the end of Thursday's trading session at the Nairobi Securities Exchange (NSE), 15,687,400 shares were traded in 1,126 deals, corresponding to a market value of KSh 511,759,007.00. This is [...]Daily Global Markets Report
US Unemployment claims The US jobless claims hit 1.5 million bringing the total for the 13 weeks to 46 million the Labor Department said on Thursday. In addition, for the [...]Jamii Bora Shareholders to Vote on The Takeover by Co-op Bank
Jamii Bora Bank has notified its shareholders that it will hold a virtual annual general meeting on 1 July 2020. At the top of the list, shareholders will vote on [...]
