Interview; Paul Muthaura's Tenure as CMA Boss Comes to an end
The board of the Capital Markets Authority (CMA) in September announced it had begun the process of identifying a suitable candidate to succeed Mr. Paul Muthaura who opted not to [...]
Banks main drivers of activity at NSE
The Banking Sector had shares worth KSh.265.9Million transacted which accounted for 54.86per cent of Thursday’s traded value. Equity Group Holdings had 2.8M shares valued at KSh.150M at between KSh.52.00 and [...]
KQ Partners with British Airways to Improve Services
Kenya Airways (KQ) has partnered with British Airways, in a move that is aimed at ensuring their customers have a smooth travel experience when using the two airlines. As reported [...]
Kenya is 3rd Highest Beneficiary of World Bank Loans
Kenya's loans from the International Development Association (IDA) for the year ended June 2019 grew to KSh 142.3 billion. IDA is the lending agency at the World Bank. Disbursements from [...]Mumias and Deacons' Share Suspension Extended
Shares of Mumias Sugar Company will not trade at the Nairobi Securities Exchange until March 2020 after the NSE trading suspension was extended by three months with effect from 27th [...]
Turkana Oil Pilot Scheme's Audit Begins
The ministry of Petroleum and Mining has started the search for a firm that will audit the operations of the Turkana oil pilot scheme. The audit seeks to evaluate whether [...]State to Survey the Trillion Shillings Co-operatives Sector
It will soon be possible to establish what acreage and value of land is owned by all co-operative societies in Kenya. The state will also be able to quantify the [...]Kenya Among Top Nations in 2020 Global Fintech Ranking
Kenya bagged 42nd position in the Global Fintech Ranking by Findexable. The country ranked second in Africa, just a few points behind South Africa which took the leading position. Global [...]NSE Turnover Down as Banks Dominate Activity
Market turnover retreated to KSh407 million on Wednesday from the previous session’s KSh1.2 billion. The number of shares traded stood at 13.8 million against 34 million posted on Tuesday. The [...]Turkana Lamu Oil Pipeline to Create 7000 Jobs
The construction of the Turkana Lamu Oil pipeline is projected to create more than 7,000 jobs. Some of the beneficiaries of the project will be skilled oil and gas [...]4G Capital Secures $4Million Investment as value of loans hit $90 Million
Nairobi headquartered Fintech firm 4G Capital has announced the completion of its second round of fundraising which was secured by a $2m debt facility from Ceniarth LLC, bringing the total [...]Sasini Group Makes KSh 337.7 Million Net Loss
Listed firm Sasini Group posted a net loss of KSh 337.7 Million for the financial year ended 31st September 2019. This is compared to a net profit of KSh 293.5 [...]
