Shilling under pressure from major currencies
The Kenya Shilling appreciated against the US dollar to exchange at KSh 105.91 during the week ended April 17. This is compared to KSh 106.04 the previous week. The local [...]
Virus Accelerates Demand for Tech-Enabled Services in Kenya
Nendo, a digital growth consultancy, has released a report on the Impact of COVID-19 on consumers and corporates in Kenya. The report covered sectors including Retail, Financial services and payments, [...]
Safaricom, Banks dominate activity at NSE
Safaricom was the biggest mover at the NSE during the short trading week ended April 17th with 37million shares valued at KSh.1.0 billion changing hands at between KSh.26.30 and KSh.28.50. [...]Cytonn blocks investors from pulling cash out of its real estate fund
Individuals who bought into Cytonn High Yielding solutions, invested in real estate projects, will have to wait longer before they can recoup their investments. This is after Cytonn Investments Management [...]Cargo Through Mombasa Port Fell Below Target
In the first three months of 2020, the port of Mombasa handled 8.6 million tons of cargo, against the targeted 8.84 million tons. The amount of cargo passing through the [...]
Posta Delays March Salaries
The Postal Corporation of Kenya (PCK) employees are yet to receive their March salaries, with the organization claiming that the COVID-19 pandemic has greatly affected their liquidity. According to PCK [...]Proposed Laws to Protect Tea Farmers
Cabinet Secretary for Agriculture, Peter Munya, has proposed a new set of regulations that seek to protect farmers in the tea sector from exploitation. The regulations include: All teas produced [...]Absa Kenya Resumes Forex Trading
Absa Kenya, previously known as Barclays Bank Kenya, has resumed forex trading after a seven day suspension. Kenya's Central Bank took regulatory action against the lender on 9th April, after [...]KQ Resorts to Cargo Business to Stay Afloat
Kenya Airways (KQ) has resorted to the cargo business in a bid to remain afloat during the COVID-19 pandemic that has seen it suspend all its international passenger flights. Yesterday, [...]Proposed Law Seeks to Protect Kenyans Affected by COVID-19
A proposed law prohibits Commercial Banks, landlords, utility firms, employers, and auctioneers from penalizing those individuals affected by COVID19. The law seeks to stop the charging of penalties, evicting rent [...]Co-op Share Up 6.4% After Dividend Announcement
Co-operative bank of Kenya saw an end of day share price appreciation of 6.40% closing the day at Ksh. 13.30. This comes a day after the lender announced final dividend [...]World Economy Faces Worst Recession Since the Great Depression IMF
The International Monetary Fund(IMF) says that as a result of the COVID 19 pandemic, the global economy is projected to enter into the worst recession since the Great Depression which [...]
