NSSF Takes A Hit From Layoffs and Late Disbursements.
The National Social Security Fund (NSSF) is taking a hit from massive corporate and government layoffs. The fund reveals that late disbursements from county governments account for variances in its [...]
Court Grants Uchumi 30 Days to Engage with its Creditors
Uchumi has been granted an additional 30 days by the High Court and Tax division in order to get into talks with banks over the settlement of outstanding loans advanced [...]Central Bank of Kenya (CBK) Demonetization Briefing; Live Blog Videos
Follow along as The Kenyan Wallstreet tracks the Central Bank of Kenya's press conference with Governor Patrick Njoroge on how the demonetization of the Ksh 1000 notes happened. The exercise [...]
Oman Air and Kenya Airways Expand Codeshare Cooperation
Kenya Airways (KQ) and Oman Air have expanded their codeshare cooperation thus increasing the destinations available to their guests. The two airlines commenced their cooperation in August 2017 allowing them [...]
Analysts Predict a Decline in M-Pesa Revenues Growth due to Exit of Betting Firms
Safaricom is expected to release the first half of 2020 results in October. According to a pre-earning and valuation update report by Genghis capital, there is a projection of 10.5% [...]Traders to Have Direct Access to NSE Derivatives Market
The NSE Derivatives Market (NEXT) has formally announced that trading members can grant their clients trading rights through the Direct Market Access (DMA). This new platform allows investors to place, [...]
CMA joins global investor education campaign
The Capital Markets Authority has announced its participation in the World Investor Week (WIW); a global investor campaign to promote investor education. During the week, the Authority will conduct a [...]Kengen's Olkaria V units 1 and 2 reach Full Load Operation
The Olkaria V plant has successfully reached the full load operation, injecting more than 160MW to the national grid. The extraordinary milestone reinforces Kenya’s commitment to renewable energy sources and [...]Counties to Seek Treasury's Approval Before Implementing New Taxes
County governments will now have to seek Treasury's approval before introducing or waiving taxes if a proposed government bill is passed into law. The counties will be required to submit [...]Kenyan Manufacturers to Benefit from an Energy Rebate Program
Manufacturers' electricity bills might substantially reduce following the implementation of the energy rebate programme. The programme was introduced in 2018's Finance Act that allowed industries deductions up to 30% of [...]Coffee earnings dip by 24% to $109.56 million in the year that ended in September.
The Nairobi Coffee Exchange (NCE) has released a market report that shows that the coffee earnings declined by 24% at the end of the 2018/2019 crop year. This is attributed [...]Our New Financial Literacy Project: Wallstreet Mtaani
We've launched a new Financial Literacy Program dubbed Wallstreet Mtaani, whose core objective is to improve financial literacy in Kenya and Africa at large. The initiative stems from the belief [...]
