Global Analysts Bullish on Safaricom's Mpesa Growth Prospects
The global pandemic has adversely affected most companies throughout the world. The short term impact is evident in the financial results being published and company announcements. Nonetheless, analysts and investors [...]
CIC Group Appoints Patrick Nyaga as its New CEO
The Board of CIC Insurance Group has announced the appointment of Mr Patrick Nyaga as the Group Chief Executive Officer with effect from 22nd June, 2020. Mr Nyaga, who, has [...]
Genghis Capital EGM Securities announce partnership on Global Asset Classes
Genghis Capital, a Kenyan based stockbroker has announced the signing of a partnership with EGM Securities, Kenya’s first licensed online non-dealing forex broker. The partnership will allowGenghisto extend its offering [...]
NSE Kenya Re-Launches Mobile App To Include Trading
The Nairobi Securities Exchange on Tuesday 9th June relaunched its Mobile Application with an aim to boost local investor participation in the stock market. The initiative dubbed Investing Goes Digital [...]Kitale Airstrip Embarks on a KSh221 Million Facelift
A project to expand the Kitale airstrip will start this month, looking to boost the rising demand for local travel. On Friday, Kenya Airports Authority (KAA) awarded a KSh221 million [...]KWS Enforces the Single-Use Plastic Ban
The Kenya Wildlife Service has enforced the plastic ban (single use) with effect from 5th June 2020, henceforth advocating the use of less polluting materials such as wooden, metallic, or [...]Draft VAT Law Targets Players in Digital Space
The National Treasury has set its sights on firms engaged in the digital space by widening the tax net to include firms involved in this nascent segment of the economy. [...]Kenya Re Projects 5% Revenue Decline from COVID-19
Reinsurer, Kenya Re, expects to lose KSh1 billion in revenue from growing claims and rebates on premiums due to the pandemic. According to the Company Managing Director, Jadia Mwarania, the [...]African Startup Ecosystem Falls in 2020 Global Rankings
African cities and countries rank lower in the 2020 global startup ecosystems' list byStartup Blink. The global ranking of regional giants like Kenya, Nigeria, and South Africa as preferred startup [...]Kenya Overtakes Angola to Become 3rd Largest Sub-Saharan Economy
Kenya is now the third-largest economy in Sub-Saharan Africa after surpassing Angola. Bloombergnotes that while IMF projects Kenya's GDP to grow by 1%, Angola's GDP might fall by 1.4% in [...]Ugandan Firm Threatens Legal Action Against SGR Directive
Uganda-based Mukwano Industries has threatened to sue Kenya Ports Authority(KPA) for any delays, losses, or damages that it may suffer as a result of its containers being loaded onto the [...]CBK Floats KSh 40 Billion Bond for Budget Support
The Central Bank of Kenya has re-opened bids for a five-year and a 10 year Treasury Bond worth KSh 40 Billion, proceeds that will be used for budgetary support. The [...]
