Safaricom Customers to Access Digital Newspapers for KSh20
Safaricom has partnered with Kenyan media houses; Nation Media, Standard Group to enable readers to pay for e-papers with their airtime. Safaricom customers will access digital/e-newspapers directly on their phones [...]
WPP Scangroup Shareholders Approve Sale of Kantar Business
WPP Scangroup shareholders have voted to sell the firm’s business interests in Kantar across Africa.In a virtualvoting session held on Wednesday 27 May, 99.98% of shareholders voted for the sale [...]CBK Nets KSh101 Billion from Domestic Market in May
CBK weekly bulletin for the week ended Friday, 29 May reveals that the Central Bank collected KSh101.32 billion from the domestic market in May. The Treasury bills auction of 28 [...]BAT Kenya Makes Changes in its Board of Directors
British American Tobacco has announced changes in its board of directors, appointing Philemon Kipkemoi as an Executive Director in its board. Philemon has been with BAT for 14 years. He [...]
Kenya Airways to Resume Passenger Flights on June 8th
Kenya Airways (KQ) will resume its passenger flights on 8th June 2020, even as the Kenya Airports Authority (KAA) continues to place the necessary safety measures ahead of the opening [...]EA Portland Cement Announces Voluntary Early Retirement Scheme
East African Portland Cement has announced a voluntary early retirement scheme in response to the financial challenges from COVID-19. Acting managing director Stephen revealed that the program will help keep [...]NSE Turnover Declines 20% to KSh 392 Million
Market turnover at the Nairobi Securities Exchange(NSE) declined to KSh 392.9 Million when trading closed on Thursday. This is compared to KSh 490 Million on Wednesday. The move follows the [...]
Mater, Aga Khan, MP Shah Introduce Pay Cuts as Revenues Shrink
Hospitals in Kenya have taken a hit as the pandemic has reduced revenues. As a result, the institutions are now cutting staff salaries and sending employees on unpaid leave to [...]StanChart 2020 Q1 Net Profit Dropped 17% to KSh 2 Billion
Net profit of Standard Chartered Bank Kenya Limited declined to KSh 2 billion in the first quarter of 2020 from KSh 2.4 billion booked in the first quarter of 2019. [...]Debt Negotiations Delay Release of EA Cables Results
The Capital Markets Authority(CMA) has approved EA Cables' request to delay the release of their audited financial results for the year ended 31st December 2019. The delay has been occasioned [...]HF Group Cuts Losses to KSh 633,000
Listed mortgage provider HF Group has cut its losses to KSh 633,000 in the first three months of 2020. This is compared to a loss of KSh 158.3 million over [...]CBK Raises KSh19Bn in 6-Year Infrastructure Bond Issue
The Central Bank of Kenya has successfully converted 1-year Treasury Bills maturing on 1st June 2020 into six-year infrastructure bonds. Treasury sought to raise KSh25.6 billion from the domestic market [...]
