Kenya issues 5-year 15-year bonds worth Sh50 billion
The Kenyan government is seeking to raise KSh50 billion through the issue of two bonds; 5-year and 15 year fixed coupon treasury bonds. It is the second time the five-year [...]
Nation Media Group cuts dividend by 50% as net profit slumps 22%
Nation Media Group (NMG) has halved its dividend after a sharp fall in its full-year 2018 income. The listed media firm further warned investors that its strategy to monetize its digital [...]Kenya in talks with IMF for a standby facility before 3rd Eurobond issue
The Central Bank Governor Dr. Patrick Njoroge has said Kenya is in talks with the IMF for a standby facility as the country prepares to issue its third Eurobond worth [...]What you need to know about BeeDee; The first CBK-approved online bid bonds platform
NIC Ventures, a subsidiary of the NIC group, in partnership with Masterpiece Fusion launched a digital service dubbed BeeDee. Here is what James Ndung'u, the managing director at NIC ventures [...]
Employers to deduct Housing Fund Levy from employees' salaries starting this month
At the end of April, Kenyan employees could start their monthly contributions toward the Housing Fund. This is according to a notice published in the dailies by the Kenya Revenue [...]Drought Affects Tea Production in Kenya
The prolonged drought situation in the country has affected tea production causing tea bushes to wither and dry out. According to the Tea Growers Association, once the rain comes, it [...]
Kenya Receives Highest Diaspora Remittances in EA
Kenya received $10.74 billion from its citizens living abroad between 2013 and 2018, topping the East African region as the biggest beneficiary of diaspora remittances; this is according to the [...]NIC Ventures unveils online platform For Tender Security
NIC Ventures, a subsidiary of NIC Group in partnership with Masterpiece Fusion has unveiled an online platform dubbed “BeeDee” that will offer a more convenient, quick and efficient self-service process [...]Fuel Prices Hiked in Latest ERC Review
The Energy Regulatory Commission has announced an increase in retail pump fuel prices of Super Petrol, Diesel and Kerosene increase by Kshs 5.25, Kshs 5.52 and Kshs 2.76 respectively for [...]Only 20% of Kenyan workers are enrolled in pension schemes
The pension industry in Kenya is worth KSh1.2 trillion in terms of assets under management. In an interview with Kenyan Wallstreet, Retirement Benefits Authority (RBA) CEO Nzomo Mutuku said that [...]NIC/CBA Merger Deal to be Completed by July
The NIC-CBA merger deal is expected to be completed by 17th July; this is according to a circular notice issued by NIC Group. According to the notice, the anticipated timetable [...]Jumia stock price jumps up 75% on first day of trading
On Friday, Africa focused e-commerce platform Jumia listed on the New York Stock Exchange. The e-commerce firm, founded by French entrepreneurs, Jeremy Hodara and Sacha Poingnonnec, started operating in Nigeria [...]
