Announcing Hisa App Public Beta Launch
Nairobi, 16th Feb 2021; We’re are excited to announce the public beta launch of Hisa App. Since December, we ran a successful private beta thanks to our early users for their [...]
IMF Kenya Agree on KSh 262.5 Billion Financing Package
The International Monetary Fund (IMF) and Kenya have agreed on a three-year, KSh262.5 billion ($2.4 billion) loan to assist Kenya in its response to the covid19 pandemic and to put [...]
Prices Increase at Weekly Tea Auction
Theweekly MombasaTea Auction held on the 8th, 9th, and 10th February 2021 had 14 million kilograms of tea offered for sale. The amount on offer increased from 12.6 million kilograms [...]
KenGen Secures Kes 709 Million Geothermal Contract In Djibouti
Kenya Electricity Generating Company (KenGen) Plc signed a Kes 709 million contract to drill three geothermal wells in Djibouti. On Thursday, the company signed a Kes709,822, 630 contract with the [...]
CBK raises KSh 19.2 Billion from Weekly T- Bills Auction
The Central Bank of Kenya(CBK) collected KSh 19,236.07 Million out if the advertised amount KSh 24 Billion after receiving bids worth KSh 21.7Billion at the weekly Treasury Bills auction that [...]
Global Markets; Wallstreet, Bumble IPO, Microsoft-Pinterest Bitcoin Updates
The US stock market closed mixed on Thursday with the Dow Jones unchanged while the Nasdaq 100 rose 0.58% as the SP 500 closed 0.19% higher. The United States Congressional [...]
KPMG Resign as Standard Group's External Auditors
Standard Group has announced that KPMG Kenya resigned as the company's external auditors on 8th February 2021. Prior to the resignation, KPMG served as Standard Group's external auditors for nearly [...]Safaricom shareholders to receive KSh 18 Billion Interim dividend
Safaricom has issued a notice on interim dividend for the year ended 31st March 2021, of KSh 0.45 per ordinary share held amounting to KSh 18.029 Billion. This is in [...]CMA Undertakes Review of Master Plan
The Capital Markets Authority has hired a consultant to reviewthe ten-year Capital Market Master Plan (CMMP, 2014-2023), which outlines the long-term strategic direction for the Kenyan capital markets. The Master [...]Bitcoin Tops $44,000 As Tesla Reveals $1.5 billion Holdings
The price of Bitcoin rose by over 15% on Monday and hit a new all-time high of above $44,000 as electric car company Tesla Increvealedit purchased $1.5 billion worth of [...]How To Make Money Trading Derivatives In Kenya
In the complex world of trading financial markets, nothing is always guaranteed. Prices rise and fall depending on investor sentiment, and money changes hands several times each second every day. [...]Kenya Shilling claws back against the greenback
The Kenya Shilling was quoted at 109.6559 against the US Dollar by the Central Bank of Kenya (CBK) when the forex markets opened today. This is compared to Thursday, February [...]
