Kenya Seeks KSh10 Billion from World Bank for Fisheries Sector
Kenya is seeking a KSh10 billion grant from the World Bank, a move that seeks to enhance its fisheries sector, as well as diversify its earnings from the blue economy. [...]
Kenyan Passport Among 10 Best in Africa
The Kenyan passport is the 9th strongest in Africa, allowing a holder to travel to 71 countries visa-free. Globally, the Kenyan passport ranks 72nd, together with China and Indonesia. The [...]Safaricom Shares Rise to An All-Time High
On Thursday, Safaricom's share price shot up to nearly touching its all time high of KSh33.50. The stock price reached KSh33.30, a 550% gain in value since lisitng on the [...]
Nurucoin Scam Mastermind Isaac Muthui Sought by Regulator
Investigators attached to Capital Market Authority (CMA) are investigating a Ksh2.7B Nurucoin Isaac Muthui fraud case that defrauded 11,000 investors. According to the Standard, the regulator accuses Nurucoin director Isaac [...]
KSh 4 Billion Indemnity for Policyholders
Individuals and firms who took policy covers in financially troubled insurance firms and failed to receive their dues will get KSh 4.3 billion compensation from the government. This follows recent [...]
GCR Withdraws Cytonn's Investment Rating
Credit rating company GCR has withdrawn its issuer ratings for Cytonn Investment Management PLC for analytical reasons. An announcement on the company's website reveals that it last rated Cytonn in [...]NSE Turnover Dips Due to System Failure
The Nairobi Securities Exchange (NSE) and the Central Depository and Settlement Corporation (CDSC) platforms suffered a breakdown in their link when the markets opened on Wednesday. While normal trading resumed [...]National Cement Completes Acquisition of ARM Cement Assets
National Cement has completed the acquisition of ARM's Kenya assets by paying KSh5 billion to ARM's administrators, Price Waterhouse Coopers (PwC). Henceforth, all Kenyan assets of ARM Cement belong to [...]Former NSE CEO Mwebesa Appointed CDSC CEO
The Central Depository and Settlement Corporation announces the appointment of Nkoregamba Mwebesa as the new CEO effective February 10, 2020. Mr Mwebesa has over 25 years of experience in the [...]Global Fund Grants Kenya KSh 42.7 Billion for Health
Kenya has received KSh42.7 billion grant from the Global Fund, money that will go into the fight against diseases such as HIV, Malaria and Tuberculosis for the period 2021/2024. Furthermore, [...]KCB Injects KSh 5 billion Into Recently Acquired National Bank
LISTEN TO ARTICLE KCB has injected KSh 5 billion into the National Bank of Kenya, allowing the subsidiary to meet capital adequacy thresholds. Further, the 5 billion will also help [...]Telcos Price Wars to Continue into 2020
Communication Authority (CA) says that there are 53.2 million active mobile subscriptions in Kenya as of September 2019. On top of that, mobile penetration level stood at 112 percent with [...]
