Tea Sector Lobby Group Pushes for Reforms
The Kenya Tea Sector Lobby Group is pushing for reforms in the sector, a move that seeks to improve the earnings of the tea farmers. The proposed reforms include: Management [...]
UAP widens loss to Ksh 3.2 Billion on fair value write-downs
UAP Holdings Plc has recorded a loss before tax of KShs 3.229 Billion in 2019 compared to a loss before tax of KShs 480 million in the previous year. The [...]CBK's 100Billion Kitty for Distressed Businesses
The Central Bank of Kenya (CBK) revealed plans to set up a Ksh100 billion kitty to cushion distressed businesses due to COVID19. Dr. Patrick Njoroge, CBK's governor, said they are [...]
Tea Auction Records Decline in Prices
The weekly Mombasa Tea Auction held on the 27th and 28th April, 2020 recorded 12.3 million kilograms of tea offered for sale, compared to 10 million kilograms for the same [...]Kenya's Flower Industry Bounces Back into Business
Kenya's flower industry is returning to business as some flower farms in Naivasha recently reopened. This follows the reopening of the Dutch Auction and a number of other European supermarkets, [...]Banks Dominate Trading Activity at NSE
The Banking sector continued to dominate activity at the NSE in the past week that ended on 30th April 2020. The sector had shares worth KSh 775 Million transacted, which [...]
Millions of Workers Left Jobless
As the world celebrated International Labor Day, millions of workers worldwide remained uncertain about the prospects of returning to work. Countries have enforced social distancing and lockdown rules that have [...]KQ Makes KSh214 Million from Cargo Business
Kenya's national carrier, Kenya Airways (KQ) has made a total of KSh214 million in revenues in the month of April, from its cargo business. According to the airline's CEO, Allan [...]Global Markets Daily
High Court Permits WPP-Scangroup to Hold an EGM
The High Court of Kenya has permitted WPP-Scangroup to hold an extraordinary general meeting at a time when most companies are shunning their annual general meetings (AGM) due to government [...]
Flame Tree posts Net Earnings of KSh 44.9 Million
Kenyan listed manufacturing group Flame Tree Group Holdings recorded a profit of KSh 44.94 Million at the close of the financial year ended 31st December 2019. This is compared to [...]COVID-19 dampens Kenya's Economic growth prospects
Growth of Kenya’s economy in 2020, like most economies all over the world, will largely be depend on how it manages to cushion life and economic activities from disruptions posed [...]
