Transport CS Mandates Taxi Apps to Get Licences
Transport CS,James Macharia, has issued new regulations that mandate digital taxi apps owners to acquire operational licences, failure to which they risk termination. The transport authority will issue the three-year [...]
Poor cash flow, bad weather hit businesses PMI
Overall activity levels contracted solidly at the start of this year, as firms reported that a lack of money at households led to slower demand. Matters were made worse by [...]
IFC-Backed HHL Buys Controlling Stake in AAR Healthcare
Hospital Holding Limited (HHL), led by the International Finance Corporation (IFC), is set to acquire a 54.23% stake in AAR healthcare in a deal worth KSh 1.5 billion. This comes [...]NHIF Faces a Looming Cash Crisis
The National Health Insurance Fund (NHIF) faces a looming cash crisis as civil servants have started seeking alternative medical insurance. In December, Treasury CS Ukur Yattani directed NHIF to adhere [...]
Kenya May Issue a Fourth Eurobond in 2020
A New York Based Securities firm, BofA Securities, predicts that Kenya will seek funds from international investors through a Eurobond in the second half of 2020. This is despite reassurances [...]
SASRA revokes license of 3 SACCOs
The Sacco Societies Regulatory Authority (SASRA) has revoked the licenses of Nandi Hekima SACCO, based in Kapsabet, Sukari SACCO in Mumias and Miliki SACCO in Nairobi. Therefore, these three financial [...]CMA to Regulate Coffee Sales
The Capital Markets Authority (CMA) will start to regulate the sale of coffee at the Nairobi Coffee Exchange, a move that seeks to curb cartels in the sector. According to [...]Motorists to Receive Virtual Insurance Certificates
The Association of Kenya Insurers (AKI) says that motorists will start receiving virtual motor insurance certificates. AKI is changing the mode of receiving the certificate from physical to digital. Interestingly, [...]Weak Economy hit Kenya's Property Prices
A weakening Kenyan economy continues to show its ugly face in the form of declining property prices. The latest Kenya Bankers Association House Price Index(KBA-HPI), shows that house prices between [...]Construction Of a Multi-Million Milk Cooling Plant Begins
The construction of the new Kenya Co-operative Creameries (KCC) milk cooling plant in Meru has began, an investment that will cost the government KSh250 million. The plant, which will have [...]Airtel-Telkom Merger Hits another Wall
The Airtel-Telkom merger has hit another wall, after the two companies filed an application with the Competition Tribunal to protest against the terms imposed by the Competition Authority of Kenya [...]Depressed Activity at NSE as Rally Ends
Capital Markets Authority is working on a plan that will see more firms, especially those in the small and medium-sized sector, list on the Nairobi bourse. A depressed economy has [...]
