Safaricom Dominates Trading at NSE
At the close of activity at the Nairobi Securities Exchange(NSE) on Friday, 12th June, Safaricom recorded the highest volume of 21.3 million traded shares. It was followed by Kenya Re-Insurance [...]
Safaricom, Google offers new YouTube data bundle
Mobile phone operator Safaricom and Google have partnered to offer subscribers competitive daily data bundles to subscribers seeking to access YouTube content. The new daily bundle will offer 80 MBs [...]Kenya Budget 2020/21; More Taxes
Treasury CS Ukur Yattani read the budget promising to stimulate the economy and safeguard jobs and businesses. The 2020/21 budget will be financed by tax revenue, financial aid, and debt. [...]
Absa Bank Kenya Announces Restructuring of Loans Amounting to Ksh 54 Billion
Absa Bank Kenya has announced that it has restructured over 50,000 loan facilities amounting to over Ksh 54 billion. In a statement, the bank says loan relief programme covers all [...]
NSE Market Turnover Dips by 50%
Trading on Thursday at the Nairobi Securities Exchange saw a 50% drop in Turnover to Ksh. 358.4 Million compared to Wednesday's Ksh. 716 Million. Foreign investor participation saw a slight [...]Treasury Cuts Funding for Big 4' Projects
The Big 4' Agenda projects have been allocated KSh 128.3 Billion in the 2020/21 National Budget. A massive drop from KSh450.9 Billion allocated in last year's budget and KSh 400 [...]Flower Farms Resume Operations as Exports Rise to 60%
Flower Farms in Naivasha have resumed operations as EU markets ease the lockdown. As a result, 90 percent of the staff in Naivasha flower farms are now back to work. [...]Winners and Losers in the KSh 3.2 Trillion Kenya Budget 2020/21
The Treasury Cabinet Secretary Ukur Yatani walked a tight rope while making public pronouncements on the Kenya Budget including his revenue-raising measures and the highlights of the KSh 3.2 Trillion [...]Kenya's Budget 2020/21; Pending Bills
National Treasury CS Ukur Yattani reads his first budget statement today, Thursday 11, giving the outlook for the FY2020/21. He will be presenting a Ksh2.7 trillion budget whose Ksh1.8 trillion [...]High Court Halts Disbandment of Food Reserve Fund
The High Court has temporarily suspended the Treasury CS, Ukur Yattani's proposal to dissolve the Strategic Food Reserve Trust Fund (SFRTF), transferring its functions to the National Cereals and Produce [...]Kenya Budget 2020/21; Cost of Debt Financing to Exceed Development Expenditure
Budget 2020/21 estimates reveal that the cost of debt financing will exceed development expenditure as Kenya’s high public debt picks centre-stage. The irony is that public debt when being sourced [...]Illicit Trade Costs Kenya KSh100 Billion in Revenue
A study conducted by the Anti-Counterfeit Authority (ACA) between October 2019 and February 2020 shows that illicit trade cost Kenya KSh103 billion in revenue in 2018. This was up from [...]
