Value of Trades at NSE Slides to KSh 414 Million
The value of traded shares at the Nairobi Securities Exchange( NSE) declined to KSh 414 Million at the end of trading on Wednesday. The turnover dipped by 12% from Tuesday's [...]
NSE to Hold Virtual AGM in July
The Nairobi Securities Exchange has informed its shareholders of an upcoming virtual 66th Annual General Meeting (AGM) to be held on 9th July 2020. The meeting is expected to, among [...]KCAA Reduces Importation Charges for Drones
The Kenya Civil Aviation Authority (KCAA) has significantly reduced the importation charges for drones in Kenya, with the new proposals suggesting animport permit of only KSh3,000. The Authority's earlier proposals [...]
Kenyans to Pay More for Alcoholic Drinks
Treasury CS proposed the amendment to the excise duty that will see an increase in excise duty on alcoholic products. The bill seeks a reduction of the threshold for alcohol [...]
Treasury Receives KSh 2.12 Billion in KCB Dividends
The National Treasury received KSh 2.12 billion in KCB dividends payout. This makes total KCB dividends payout to the government to add up to KSh 12.98 Billion for the past [...]Kenya-Re Postpones AGM
The Kenya Reinsurance Corporation Limited has postponed its Annual General Meeting. Kenya Re had moved to court asking for an extension for the time to hold its AGM for the [...]Mpesa to Have Scheduled Maintenance
Safaricom has announced that it will undertake scheduled maintenance on its mobile wallet Mpesa. The planned maintenance will take place on Thursday 18 June between 0000hrs and O500hrs. In this [...]FedEx Express Launches Presence in Kenya
FedEx Express is expanding to East Africa by setting its presence in Kenya. The global transportation company will offer customer service, sales, and account management services directly to Kenyans through [...]KQ to Surrender Equipment over KSh102 Million Debt
High Court Judge, Wilfrida Okwany, has ordered Kenya Airways (KQ) to surrender a batch of ICT equipment it leased from Rentworks East Africa, over a KSh102 million debt As Daily Nation reports, [...]EU Signs KSh599 Million Grant With Trademark East Africa
The European Union yesterday signed a KSh 599Million (€ 5 Million) grant with Trademark East Africa (TMEA) for safe trade. The deal will help key borders open while preventing the [...]Kenya's Forex Reserves to Shield the Shilling
As lockdown measures are gradually eased and businesses return to operation, the Kenya shilling is expected to come under pressure as merchandise importers increase demand for US dollars. CBK forex [...]Pensions and Retirement Benefits under Siege in Proposed New Laws
Last Thursday, Treasury CS Ukur Yattani read out the BUDGET2020 under the theme: “Stimulating the Economy to Safeguard Livelihoods, Jobs, Businesses and Industrial Recovery.” The budget came at a time [...]
