CMA Tightens Surveillance on Unit Trusts
LISTEN TO ARTICLE The Capital Markets Authority (CMA) has stepped up its surveillance on Unit Trusts, requiring more disclosures from them. The regulator wants information on where the money managers [...]
Kenya Suspends Avocado Exports Indefinitely
Kenya has banned avocado exports, after reports of premature exports emerged. The Agriculture and Food Authority (AFA) suspended the export of the fruit indefinitely. According to the Horticultural Crops Directorate, [...]
Cost of Living Eases Slightly in January
The overall inflation in January 2020 stood at 5.78 percent, a slight drop from 5.82 percent in December, 2019. But even with this decline, the price of food and non-alcoholic [...]First Entrepreneurs One Stop Centre Launched in Kenya
Wylde International has invested Sh50 million in the first one stop shop entrepreneurs Centre in the world in Nairobi dubbed SNDBX. The centre gives entrepreneurs and SMEs timely and personalised [...]EABL HY Profits up 9% to Hit KSh7.2 Billion
East African Breweries Limited (EABL) profits after tax grew by 9%t to KSh7.2 billion for the half year ended 31st December 2019. The pretax profit grew by the same margin [...]
NCPB Set to Merge with the Strategic Food Reserve
The National Cereals and Produce Board (NCPB) is set to merge with the Strategic Food Reserve, after the government announced a restructuring program of the sector, a move that seeks [...]Kenya Airways Suspends Flights to China
Kenya Airways has temporarily suspended all flights to and from Guangzhou starting Friday 31, 2020. Other global airlines suspended their flights to mainland China, after the upsurge of the deadly [...]Kenya Eyes Oman Market for its Livestock Products
Kenya has announced plans to start exporting livestock products to Oman, a sector that has previously been handicapped, owing to the rampant cases of foot and mouth diseases among the [...]Coop Bank Partners with IFC in Advisory Deal
Coop Bank has partnered with the International Finance Corporation (IFC) in a KSh100 million deal, that will see the lender receive advisory services from IFC. The advisory service, therefore, seeks [...]Catalyst Fund Commits KSh1.5 Billion to Fintech Startups
Catalyst Fund has committed KSh1.5 billion towards growing and developing Kenyan fintech startups. Other countries whose fintechs stand to benefit from the funding include Nigeria, South Africa, India and Mexico. [...]EAC Draws Closer to Single Currency
The East African Community (EAC) member states are drawing closer to attaining a common currency for the region, with the goal of achieving the target by 2024. According to the [...]Kenya Seeks to Expand and Deepen Trade with the US
President Kenyatta will be travelling to the United States next week seeking to expand and deepen trade relations. Bloomberg reports that the US and Kenya will announce a free trade [...]
