Virus continues to dampen Global Stocks
Coronavirus scare outside China continues to dampen global stocks with US economic fears worsening the situation. Authorities in Northern Italy impose a quarantine with coronavirus cases jumping to above 150 [...]
A slump in activity persists at NSE
The Nairobi Securities Exchange has witnessed a slump in market activity over the last two weeks. Available data indicates that turnover has been on a slide, from KSh 1 billion [...]
Suspension of Nairobi-China Flights Costs KQ $8 Million
Kenya Airways (KQ) has suffered a loss of $8 million in revenues after the suspension of its Nairobi-Guangzhou route, amid the coronavirus outbreak. According to the airline's acting CEO, Allan [...]
Census 2019 Data Shows Kenya Has a Youthful Rural Population
Kenya has a youthful rural population; the latest data from the census 2019 by the Kenya National Bureau of Statistics (KNBS) reveals. In this case, 35.7 million Kenyans (75.1%) are [...]Kenya Tails South Africa as Top Tech Hub in Africa
Kenya is listed as having the highest number of tech hubs in Sub-Sahara Africa and second only to South Africa. According to the latest mapping done by Global Systems for [...]New Generation Passport Deadline Extended Again
The government has extended, again, the deadline for applying for the new generation e-passport to March 2021. This follows the reality that 1.8 million Kenyans, including those in the diaspora, [...]Sokowatch Raises $14 Million in Series A Funding
Kenya's e-commerce platform, Sokowatch, has raised $14 million in its series A funding. Investors who took part in the funding are Quona Capital, Amplo, Breyer Capital, Vertex Ventures, Timon Capital [...]Competition Authority seeks to tame rogue digital lenders
The Competition Authority of Kenya intends to carry out a sector study into the regulated and unregulated digital credit markets. The idea is to rein in digital lenders who lure [...]Relief for Clearing Firms as Verification Charges Suspended
A great relief has come to clearing and forwarding firms at the Nairobi Inland Container Depot (ICD) after the Kenya Ports Authority (KPA) suspended the recently launched container verification charges. [...]Nairobi to Host Forex Trading Conference
Nairobi is set to host a forex trading conference given the growing interest in the online forex trading sector. Recently, the Capital Markets Authority has developed laws and regulations to [...]Sanlam Kenya Pre-tax Profit Hits KSh 550 Million
Sanlam Kenya, a subsidiary of the South African financial services Group, has plugged holes on its property business, stopped the bleeding of its life insurance book and recouped expenses from [...]KenGen to Drill Geothermal Wells in 8 African States
KenGen is on the lookout for tenders to drill geothermal wells in eight African states, among them Sudan, Tanzania, Zambia, Rwanda, South Sudan, Uganda, Djibouti and Comoros. According to the [...]
