NSE 20 Share Index slips below 3000, Sh 136 Billion Lost in 11 Days
The benchmark NSE 20 share Index on Friday January 13, 2017 lost 168.11 points (5.36%) to close at 2971.10, levels last seen in Sept 2009. All share Index (NASI) ended the week 4.49% [...]
GameMania, first ever money casino mobile app, launched in Kenya
Kenyans have been introduced to their very first casino mobile application on Android phones. Rambo Resource Ltd together with the Licensing Board in Kenya announced the launch of GameMania. The [...]US Issues Travel Warning To Kenya
The U.S. Department of State has warned U.S. citizens to avoid travel to the border area between Somalia and Kenya because of threats by the terrorist group al-Shabaab. The Department also told [...]Airtel Kenya sacks 100 Employees
Airtle Kenya, the country's second largest telecommunications company in terms of market share has sacked 100 employees in a move aimed at improving efficiencies across the company's functions with an aim [...]Java House Opens its first outlet in Kigali, Rwanda
Kenya's leading chain of coffee shops, Java House has announced the opening of its first outlet in Kigali, Rwanda situated at Kigali Heights, next to Kigali Convention Centre. The Rwandan shop [...]BMI says Kenya's GDP to decelerate in 2017
According to BMI Research, Kenya's real GDP growth will decelerate in 2017 noting that credit growth remains weak following the government's cap on lending rates. Concerns over real GDP and credit [...]Kenya Govt Reopens 15 Yr Treasury Bond Sale
The government through the Central Bank of Kenya is seeking Ksh 30 Billion for budgetary support by re-opening the 15 year bond (5.37 years to maturity). The coupon rate on this [...]President Kenyatta, PM Modi Move to Bolster Kenya-India Ties
Press Release by Kenya's office of the President; President Uhuru Kenyatta and Prime Minister Narendra Modi today led their delegations in bilateral talks geared towards bolstering cooperation between Kenya and [...]Electronics among the most sold items by Kenyans on OLX in 2016
Electronics accounted for 25% of all items sold on OLX in 2016, with 330,000 items listed for sale over the same period, the company has announced. According to OLX Kenya, the platform was [...]NSE 20 Share Index at Levels last seen in 2009
The Nairobi Securities Exchange benchmark NSE 20 Share Index on Wednesday slipped by 1.17% downwards to close at 3,047 points- levels last seen in September 2009. The drop was mainly caused [...]Kenya To Raise Sh 109 Billion Syndicated Loans for Budgetary Support
Bloomberg has reported that Kenya will be raising at least $1.05 billion through syndicated loans, including $250 million already secured from lenders led by PTA Bank, as the country seeks to plug a [...]Stanbic Bank lowers Kenyan 2017 economic growth to 5.4%
Stanbic Bank on Monday released its review of 2016 and outlook for 2017 forecasting that Kenya’s GDP growth in 2017 would only expand by 5.4% compared to previous estimate of 5.8%. According to the [...]
