Kenyan private sector stagnates during May Stanbic PMI
The performance of the Kenyan private sector was stagnant in May as the PMI posted just below the neutral 50.0 threshold. At 49.9 in May, down from April’s 50.3, the seasonally [...]
Govt To Guarantee Kenya Airways’s Sh77 billion Debt
Correction; We previously wrote that Sh 77 Billion was a new loan, however that is not the case but the government was guaranteeing the airline’s debt (Sh 77B). The Kenyan Government has agreed to [...]Telkom Kenya Scraps its Mobile Money Service, to be replaced with New Platform
Kenya's third largest telecoms operator by market share, Telkom Kenya has taken a decision to shut down its Mobile Money service in the country saying the product cannot keep up with the current competition. The decision [...]Kenya Airways Resumes Cairo Flights After Codeshare Agreement With EgyptAir
The country's national carrier Kenya Airways and EgyptAir, the national flag carrier of Egypt have signed a codeshare agreement to provide travellers with enhanced connections between Cairo and Nairobi. The two [...]Boeing Invites Kenyan University Students To Apply for Paid US Internships
The world's largest aerospace company, Boeing has invited Kenyan university students to apply for its six months International Business Internship Program (IBIP). The program will for the first time be open to [...]Nairobi Securities Exchange 2017 AGM Resolutions
The Nairobi Securities Exchange last Wednesday 31st May held its 63rd Annual General Meeting in Nairobi and we thought we'd share with those of you who were unable to attend what [...]Kenya's NSSF Disposes Entire Stake in HF Group Kenya
Kenya's National Social Security Fund (NSSF) has disposed its entire 2.25 percent interest in mortgage finance provider Housing Finance Group of Kenya (HFCK). HF Group's latest annual report shows that NSSF is no [...]South Africa's Vodacom shareholder PIC to back Safaricom deal
JOHANNESBURG, June 2 (Reuters) South African telecoms operator Vodacom Group said on Friday its second biggest shareholder, the Public Investment Corporation (PIC), will vote in favour of its 34.6 [...]Coffee Farmers in Nestlé’s Nescafé Plan Receive Sh 630 Million in Pay
Nairobi, 2nd June 2017: Coffee farmers aligned to the Nestlé’s Nescafé Plan programme in Kenya have received one of the best payout in 5years as a result of a sharp [...]Barclays PLC reduces ownership in Barclays Africa By 33.7% in overnight bookbuild
Johannesburg, 1 June 2017: Barclays Africa Group Limited has announced the completion of South Africa’s largest bookbuild in South African Rands, Barclays PLC has sold 33.7% of Barclays Africa’s issued share capital [...]Safaricom Shares Surge to All Time High, Pushing Its Market Cap To Sh 922 Billion
Shares of Kenya's most valuable company, Safaricom Ltd (SCOM) on Wednesday's trading session touched an all time of Sh 23, pushing its market capitalization to a record Sh 922 Billion. During [...]Phase One of Kenya's SGR Unveiled, See the Fares
Kenya has finally unveiled the Mombasa-Nairobi SGR, the country's biggest infrastructure project in the country since independence. It will shorten the passenger travel time from Mombasa to Nairobi from more than ten [...]
