Nairobi prime residential prices fall slightly in H1 2019
Knight Frank’s Kenya Market Update – 1st Half 2019 shows a decline in prime residential rents and sales prices in Nairobi in the H1 2019. Part of the reason for [...]
Kenya Revenue Authority temporarily suspends notice for the commencement of the use of excise on commodities.
Kenya Revenue Authority has recently postponed the implementation of Excisable Goods Management System (EGMS). The system is an accounting tool for excise production and traceability of excisable goods. This postponement [...]
KQ withdraws its Privately Initiated Investment Proposal
Kenya Airways is withdrawing its Privately Initiated Investment Proposal from KAA consideration. The proposal submitted in October last year had earlier recommended the nationalization of the airline. Furthermore, KQ's plan [...]KRA clears Sportpesa to renew betting licence
The Kenya Revenue Authority has officially cleared Sportpesa, allowing them to renew their license. The betting company will now resume its full operations after a period of a legal tussle [...]Credit Bank Receives Kshs 1Billion from Oikocredit
Credit Bank has signed a KSh1 billion equity investment with Oikocredit, a move that if approved, will enable Oikocredit to own a minority stake in Credit Bank. The stake loosely [...]CBK likely to retain lending rate at 9% Capital Economics
CBK’s Monetary Policy Committee is likely to retain the lending rate at 9% in its September 23 meeting for the remainder of 2019. In a report, Kenya: Despite drought, next [...]Express Kenya shifts focus from logistics to real estate
Express Limited recently released its half-year results for the period ended 30th June 2019. The company is actively engaged in real estate projects as they plan to discontinue its primary [...]KCB Group picks Paul Russo to head NBK for the transitional 2 year period
KCB Group has picked Paul Russo to head the National Bank of Kenya for the transitional 2 year period of its integration into KCB subject to fit and proper approval [...]CMA begins search for Paul Muthaura's Successor
The board of the Capital Markets Authority (CMA) has announced the start of the process to identify a suitable candidate to succeed the current Chief Executive Mr. Paul Muthaura. The [...]KRA misses the petroleum levy target
Kenya Revenue Authority (KRA) missed the petroleum tax levy by almost KSh3 billion. Treasury aimed to raise KSh17.5 billion through the VAT with KRA collecting KSh14.6 billion. The implementation of [...]Investors warned about dealing with WIIE
The Capital Markets Authority (CMA) has cautioned the public against participating in any capital raising or public offer of shares offered by Women Investing in Entrepreneurship (WIEE). CMA in a [...]Barclays Q2 EPS up 4% q/q but balance sheet records tepid growth
Barclays Kenya earned Kshs.0.36 a share in the Q2 2019, which was 4% quarter-on-quarter (+5% year-on-year) up compared to the Kshs.0.35 a share earned in Q1 2019. The marginal quarter-on-quarter [...]
