Nation Media Group Share Drops by 12% Since Start of 2019
Nation Media Group’s shares have suffered a sharp decline in value for the past three years. In that period, the firm has lost more than Ksh22 billion of its market [...]
CMA partners with Securities Regulators in Africa and Middle East
Capital Markets Authority has partnered with other securities regulators in Africa and Middle East as well as Financial Sector Deepening Africa to find ways to increase uptake of capital markets [...]Three African Innovators win $600K each for their Sustainability Projects
BBOXX, which has presence in Kenya and regional market, Tanzania-based Sanku, and South Africa's African Leadership Academy are among five global innovators that took home $600,000 after emerging winers in this [...]
KQ to Launch Flights to Rome and Geneva in June
Kenya Airways will resume its flight to Rome, and commence Nairobi-Geneva route by June, in a bid to attract leisure and business customers. The national carrier will fly flying four [...]
Kenya in Discussions to Acquire $2.5 billion Eurobond
Kenya is back in the international debt markets. According to a Reuters, the National Treasury is seeking a third Eurobond worth $2.5 billion. The treasury is yet to decide whether [...]RideSafe to Pitch at the Africa Startup Summit
RideSafe, a Kenya startup, is among 10 other African firms selected to pitch at the Africa Startup Summit in Kigali next month. Key among the inaugural event’s agenda will include [...]Family Bank Charged with Ksh64.5Mn Penalty for its Role in NYS
Family Bank will have to pay Ksh40 million to the court and Ksh24.5 million to the National Youth Service for failing to report unusual transactions in its accounts. Between 22 [...]Three Kenyan Startups to Participate in #Africa4Future Accelerator Program
Three Kenyan startups are among ten African firms chosen to participate in #Africa4Future accelerator program, which seeks to provide innovation guidance to aerospace startups. The structured accelerator program is sponsored by global [...]Kenya Suspends Shares Buy-back Regulation
Kenya has suspended a law on share-buy backs by listed companies. The law was incorporated in 2015 in the New Companies Act. At the time of incorporation, the law allowed [...]Deacons EA Needs at least Ksh450Mn to Stay Afloat Administrators
Deacons East Africa (under administration), whose counter was suspended from trading on the Nairobi Securities Exchange, needs about Ksh450 million to finance its short term recovery process Part of the [...]Kenyan Startups Invited for Ashoka-Boehringer Ingelheim Sponsored Accelerator Program
Kenyan startups have a chance to engage in a 11-month accelerator programme dubbed Making More Health, which was launched by Social entrepreneurship network Ashoka and pharmaceutical company Boehringer Ingelheim. Alongside [...]M-Tiba Receives $1.5Mn Funding to Expand its Healthcare Services
M-Tiba has received $1.5 million from French Development Agency (AFD) to facilitate its growing dependents and healthcare providers. The Safaricom-backed healthcare app will use the money to enable its platform [...]
