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 [...]Bamburi Cement Net Earnings Fall to KSh359 Million
Bamburi Cement posted a drop in net profit in 2019 to KSh 359 Million from KSh 572 Million net profit booked in 2018. The manufacturer suspended its operations in Rwanda [...]Carrefour Gets KSh3 Billion Loan for Expansion
Retail chain, Carrefour, has received a KSh3 billion loan from South Africa’s Standard Bank Groupto expand its supermarkets business in Kenya. In its latest annual report, Standard Bank Group revealed [...]Prices Fall by 15% at Nairobi Coffee Exchange
The prices of Kenyan coffee have fallen by up to 15% at the Nairobi Coffee Exchange (NCE), in what NCE Chief Executive Daniel Mbithi attributes to high volumes of low [...]Moody's revises Kenya's ratings to negative
Kenya's huge borrowing requirements has pushed down the country's rating to negative from stable. This negative outlook of B2 by Moody's rating agency reflects the rising financial risks posed by [...]
