Home Africa Made KSh 888.8 Million Loss in 2019
Home Afrika Group, a property development company listed at the Nairobi Securities Exchange (NSE) slid deeper into losses in 2019 making a KSh888.8 million net loss. The company posted a [...]
Over 287,000 Jobs Lost in Q1 2020 KNBS
287,481 Kenyans lost their jobs between January and March 2020, a report by the Kenya National Bureau of Statistics shows. The report states that total employment fell from 18,103,022 in [...]
Tea Auction Continues to Record Price Decline
The weekly Mombasa Tea Auction held on the 26th and 27th May 2020 recorded 12.6 million kilograms of tea offered for sale. The amount of tea on offer increased from [...]Kenya Airways Temporarily Halts Cargo Flights
Kenya Airways (KQ) has temporarily halted its cargo flights due to stiff competition from rival airlines offering freight services. Business Daily reports that at the moment, there are close to 12 [...]Tuskys' Suppliers Plead for Payments
Tuskys' suppliers have asked the government to intervene in the matter of payments owed by the supermarket. The request comes less than two weeks after the supermarket warned that it [...]5 Kenyans in Africa's Top 50 Disruptors List
5 Kenyans were named part of the Africa Report Magazine's Africa's Top 50 Disruptors, a ranking based on innovation, disruption, and heft. The list groups different individuals' impact in politics, [...]SBM Bank Kenya Q1 2020 Net Profit Drops to KSh 63.6 Million
SBM Bank Kenya, a subsidiary of SBM Holdings Limited-based in Mauritius, saw its net earnings drop significantly in the first three months of this year to KSh 63.6 Million. This [...]Most Small firms Have No Cash beyond June, Warns CBK Governor
The Central Bank of Kenya (CBK) has warned that three-quarters of small and medium-sized enterprises(SMEs) have no cash to run beyond June. This dire situation implies that these SMEs will [...]Serena Hotels Send Staff on Compulsory Unpaid Leave
Kenya's hospitality industry, including restaurants and hotels, remains one of the hardest hit by COVID-19. Serena hotels is the latest to announce cost-cutting measures meant to ensure that the hotel [...]
Carbacid Appoints Rohan Patel as Director
Carbacid board has announced the appointment of Rohan Patel as a director of the company. Patel brings in a wealth of business management experience having worked for 15 years as Head [...]Informal Sector is the Key to Kenya's Recovery in Post COVID-19 Era, Says FSD Kenya
Finance Sector Deepening(FSD) Kenya studies shows that for Kenya to have a robust and inclusive recovery, the recovery must include individuals in the informal sector. FSD has called this group [...]Inflation Declines Marginally to 5.5% in May
Recent data from the Kenya National Bureau of Statistics (KNBS) reveals that the overall year on year (YoY) inflation in May stood at 5.47%. On the other hand, the consumer [...]
