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 [...]NTSA Orders Impound City Tram and 8 Other Matatu Saccos
The NTSA has issued a notice suspending the licenses of nine matatu saccos in the city. According to the notice, the nine saccos violated provisions of the Authority, operating below [...]State disburses Sh 8.3 billion for roads maintenance to Counties
The Kenya Roads Board Fund (KRBF) has disbursed Sh 8.269 billion to County Governments for the financial year, 2018/19. This allocation is a conditional grant for maintenance of County Roads. [...]Delivery Firm Glovo Expands to Mombasa
Delivery firm Glovo has officially launched its service in Mombasa after it raised KSh 17 billion to partly go towards growing its African footprint and expanding its delivery portfolio. Glovo, [...]NIC-CBA merger takes effect
The amalgamation of Commercial Bank of Africa Limited and NIC Group PLC took effect on Monday 30th September. This follows approval from the Acting Finance Cabinet Secretary and the Central [...]East African Tea Market Plans to Attract Chinese Buyers
The East African tea industry is seeking to expand into the Chinese market as a strategy to boost its declining revenues. According to Edward Mudibo, the managing director of the [...]
