KQ Requests Ksh7B Emergency Bailout from Treasury
Treasury CS Ukur Yatani has confirmed that KQ sent a request for Ksh7 billion emergency funding. KQ cited a tough business environment coupled with falling revenues as the reasons behind [...]
Academic Situation in Kenya: How Students Can Get Education in 2021
After 9 months of strict quarantine, Kenya is getting back to normal life, which has a new face now. Local schools open, which is a relief to students, parents, and [...]
How Safaricom Powers Different Value Chains in Kenya
This is 2020, a few years ago in its IPO prospectus document; Safaricom had 9.2 million subscribers as at the end of 2007. Fast word, the company now has 35 [...]
AFC to Receive KSh1.5 Billion from Treasury
The agricultural sector financier, the Agricultural Finance Corporation (AFC), is set to receive KSh1.5 billion from the National Treasury, spanning across the next three financial years. Treasury, while presenting its [...]SMEs worst hit by pandemic Survey
Small and medium-sized firms have been the worst hit by COVID-19, according to a survey undertaken by the Kenya Private Sector Alliance (KEPSA), which represents 264 businesses in the informal [...]
Suspension From Trading ARM Shares Extended
The Nairobi Securities Exchange issued a notice to investors and the public concerning the suspension of Athi River Mining(ARM) shares from the bourse. ARM Cement was placed under administration in [...]Weekly Money Market Report
The Treasury Bills auction received bids totalling KSh 15 billion against an advertised amount of KSh 24 Billion. This represents a performance rate of 62.6%. Treasury Bills have become a [...]Digital Banking is the new Normal Citi CEO
Covid19 pandemic has exposed digital adoption and preparedness in the Kenyan banking scene. The Kenya Bankers Association first #CEOChat of quarter two discussion zeroed on enhancing financial services access through [...]4G Capital Introduces Micro Health Insurance
Nairobi headquartered Fintech firm 4G Capital has partnered with Kenya's micro-insurance startup, Turaco, to offer micro health insurance to their clients in Kenya. The cover, whose cost of a 12-month [...]Facebook Appoints Kenyan activist Maina Kiai to its Content Oversight Board
Facebook has appointed Kenyan activist, Maina Kiai, to its newly formed Global Oversight Board. Aside from his appointment, Maina is also the Director of the Global Alliances and Partnerships at [...]Volume, turnover and deals decline as NSE closes the week
There was a 20% decline in volume, 40% decline in turnover and 17% decline in deals as trading closed at the Nairobi Securities Exchange(NSE) on this Friday. A total of [...]Investment trends opportunities that could emerge from COVID-19
Kenyan firms engaged in ICT and e-commerce, pharmaceuticals, logistics and delivery as well as research and data analytics, top the list of beneficiaries those who will reap big from the [...]
