Tap Sale; Treasury Seeks Ksh 21B From Domestic Market
The Central Bank of Kenya has floated treasury bonds worth Ksh21.65 billion at 12.280 per cent per annum in a tap sale. The bonds will be on offer from Tuesday, [...]
BAT loses Petition on Tobacco Regulations
Supreme court Justice Njoki Ndung'u yesterday dismissed a petition by the British American Tobacco (BAT) on Tobacco Regulations. The judge upheld that the Tobacco Regulations of 2014 were constitutional and [...]
EA Portland Cement Delays Publication of Financial Results
East African Portland Cement (EAPC) will further delay the publishing of audited financial results for the year ended 30 June 2019 to next year. The company intended to publish the [...]Treasury to Review Allowances as Wage Bill Takes 48% of Revenue
Treasury is looking to cut civil servants' allowances in a bid to curb the country's growing wage bill. The current wages stand at 48.1% of the national revenue. The recommended [...]Nakumatt Kisumu Gets 7 Day Notice to Clear Workers' Arrears
The county labour office of Kisumu has issued a seven-day notice to Nakumatt Kisumu, asking the retailer to clear workers' arrears. The notice came after 35 employees yesterday petitioned the [...]Middle East Bank Kenya Q3 Earnings Jump to KSh 70.1 Million
Middle East Bank Kenya Limited Limited (MEB) net earnings increased to KSh 70.1 million at the end of the third quarter, 2019. This is compared to a loss of KSh [...]
Nigerian Edtech Startup uLesson raises $3.1m in Seed Funding
Nigerian startup uLesson raised $3.1m in seed funding led byTLcom Capital, looking to bridge the student/teacher ration in Africa. The startup integrates mobile platforms, SD cards, and culture-specific curricular to [...]Forward Bookings in Kenyan Hotels Increase in November December
The Central Bank of Kenya market survey reported strong forward hotel bookings for November and December 2019. According to the MPC Market Perception Survey, leisure hotels and resorts anticipate an [...]Jambojet Makes Inaugural Flight to Kigali, Rwanda
Jambojet yesterday made its inaugural flight to Kigali, Rwanda, making it the first low-cost carrier to fly the route. The airline will thus be flying once daily from its hub [...]Equity Group’s US $105 Million Deal with DRC Bank Gets Stable Outlook
Kenya-based Equity Group Holdings' move to purchase 66.5 percent of Banque Commerciale Du Congo (BCDC), a Congolese lender, has received a stable outlook from Moody’s. Moody's Investors Service is a [...]Kenya Loses KSh5 Billion Annually to Domestic Violence KPMG
A report from KPMG has shown that domestic violence could be ridding the Kenyan economy of KSh5 billion. This, majorly, is as a result of absence at work by the [...]Kenya Power Seeks to Hike Electricity Costs
Kenya Power is seeking to review its tariffs upwards by 20%, a move that is likely to increase the cost of living. If approved, the new pricing structure will see [...]
