Regulator Seeks Dismissal of an Appeal by Former Kestrel Capital boss on Kobil Insider Trading Saga
Capital Markets Authority(CMA) has said an appeal against its sanctions on Mr Andre De Simone, former CEO of Kestrel Capital, found guilty of involvement in insider trading, should be dismissed. [...]
Safaricom Tackles Fraud in Latest MPESA Update
Safaricom has moved to tackle fraud in the latest updates to the MPESA product and ecosystem. With the new update, if anyone tries to register a new SIM card with [...]
SMEs to Benefit From Subsidized Loans
The national treasury plans to launch a series of soft loans for businesses as part of the relief measures. The loans are part of a new credit guarantee scheme that [...]Equity Reschedules Customer Loans
Equity Bank has opted to support its customers by restructuring their loans amounting to KSh92 billion for up to three years. The Group reiterated that the restructuring is available to [...]Kenya's Diaspora Remittances Fall by 9% in April
Central Bank of Kenya weekly bulletin to the week ending May 21 shows that diaspora remittances fell by 9 per cent in April to Ksh22 billion (USD208.2 MILLION) from Ksh24.2 [...]
Kenya's horticulture industry losing KSh 106 Million per day
Kenya's horticulture industry is estimated to be losing at least $ 1 Million per day. This is despite gradual opening of most markets within the European Union, Kenya's main horticulture [...]Nation Media Group Issues Profit Warning
Nation Media Group on Friday issued a profit warning citing dwindling advertising revenues due to the COVID19 pandemic as the reason behind the expected drop in profit. A cautionary statement [...]Heavy Rains Threaten Kenya's Fresh Produce Exports to EU
Although the skies of Europe, prime destination of Kenya's vegetables and fruits, is gradually opening up, weather challenges now threaten the country's ability to satisfy demand that is now picking [...]Kenyan eHealth Startup Access Afya Raises Ksh9.5M from MIT Solve
Kenyan e-health start-up Access Afya has raised $90,000 (Ksh9.54 million) from MIT Solve as part of a $900,000 (Ksh94.5 million) bridge financing round. Access Afya is an affordable health care [...]Turnover at NSE Hits 635.1 Million
A total of 22,477,700 shares in 949 deals, corresponding to a market value of KSh 635,.1 Million, were traded when the Nairobi Securities Exchange(NSE) closed on Friday. There was a [...]All EAC Bound Cargo to go Through Naivasha ICD in New Directive
Effective 1st June, 2020, all transit cargo destined for Uganda, Rwanda and South Sudan will be transported either on the Standard Gauge Railway(SGR) for clearance at the Inland Container Depot [...]AfDB Loans Kenya KSh22B for COVID-19 Response
The African Development Bank (AfDB) has approved a KSh22 billion (€188 million) loan to boost Kenya's efforts in response to the COVID-19 pandemic and mitigate the related economic, health and [...]
