Turnover at NSE Rises 46.7% to KSh716 Million
Trading on Wednesday at the Nairobi Securities Exchange saw a 46.7% increase in turnover to Ksh. 716.9 Million from Tuesday's Ksh. 488 Million. Foreign Investor participation decreased to 66.4% from [...]
CBK to Hold MPC Meeting on June 25th
The Central Bank of Kenya(CBK) has announced that it will hold the next Monetary Policy Committee(MPC) meeting on June, 25th, 2020. During the last meeting held on May 27th, the [...]
Safaricom's CFO Sateesh Kamath Takes Up New Role in Vodafone
Safaricom CFO Sateesh Kamath will take up a new role as the new Chief Financial Officer for Vodafone Business. Safaricom CEO Peter Ndegwa said in a statement that the company [...]Uber Cash Launches in Kenya
Uber has launched UBER CASH in Kenya which allows riders to pay for both Uber and Uber Eats from a dedicated account facilitated by Flutterwave. Uber says the move comes [...]
Kenyan Legislators Say Budget 2020/21 Growth Estimates are Overambitious
The Parliament’s Budget and Appropriations Committee (BAC) in their submission on the estimates of the Budget2020/21 says that the growth estimates are overambitious. Kenya's Ministry of Treasury had presented the [...]Kenya Risks USA Probe Over its Planned Digital Tax
Kenya risks a trade war with the USA over its plans to tax firms in the digital marketplace. This is if the draft Value Added Tax(VAT) law on digital firms [...]Oil Distributors Risk KSh 1M Fine for Hoarding EPRA
The Energy and Petroleum Regulatory Authority has cautioned Oil Marketing Companies (OMCs) against hoarding to create artificial shortages. EPRA warns OMCs and petroleum retail stations that hoarding will result in [...]How Covid-19 is impacting Kenya's economy
Stock Market The first major economic impact due to COVID-19 was the volatility on the country's stock market. Trading was halted at the Nairobi Securities Exchange (NSE) after the NSE [...]Kenya's Kempinski Hotels Issue Notice of Redundancies
Kempinski has issued a notice of redundancies to their staff as the hotel restructures amid COVID-19. A memo reveals that the hotel is readjusting its staff base to achieve lean, [...]Nation Media Stock Hits All Time Low
Trading on Tuesday at the Nairobi Securities Exchange took a nosedive with a 25.5% decline in turnover to Ksh. 488.8 Million from Ksh. 656.4 Million on the previous day of [...]Nairobi Expressway Construction Works Begin
Preliminary works on Nairobi Expressway have commenced. Main construction activities on the 27.1 Km project are scheduled for July 2020 with December 2022 as the set completion date. The Expressway [...]Dutch Flower Firm Ordered to Pay KSh1.3 Billion in KRA Taxes
Dutch flower firm operating in Kenya, Van Den Berg Limited, has lost a case against the Kenya Revenue Authority (KRA) after the High Court ordered it topay KSh1.3 billion in [...]
