Sainsbury, Lidl Temporarily Suspend Kakuzi Orders Pending Investigations
UK retail stores, Sainsbury and Lidl, have temporarily suspended supplies from Kakuzi following the ongoing investigation over allegations of human rights abuse. News of the pull out come barely a [...]
Kenya Shilling Hits New Low of 109 to US Dollar
The Kenya Shilling lost value against the US dollar when forex markets closed yesterday to exchange at 109.2100, breaking the 109 barrier. Dealers in the market were quoting the local [...]
NSE Admits EGM Securities as a Trading Member of Derivatives Market
The Nairobi Securities Exchange (NSE) admitted EGM Securities as a trading member of the NSE Derivatives market following its satisfaction of licensing and operating requirements in line with Capital Markets, [...]TransCentury Cuts Commercial Bank Debt by 40% in Ongoing Turnaround Plan
TransCentury Limited (NSE: TCL) has announced that it has cut its commercial bank debt by 40%. A company update says the reduced debt service has allowed the redirection of the [...]Opinion; Find a compromise in managing Shilling Exchange Rate
The ongoing talks for a bilateral trade agreement between the United States and Kenya will certainly be the second most important economics topic of 2020 in this region. The first [...]
Tea Auction Records a Decline in Prices
Theweekly MombasaTea Auction held on the 12th and 13th October 2020 had 9.08 million kilograms of tea offered for sale. The amount on offer increased from 8.98 million kilograms offered [...]Kenya's Economy Shrinks by 5.7% in 2020 Q2 as Pandemic Hits Key Sectors
Kenya's economy contracted by 5.7% in 2020 Quarter 2 compared to 4.9% in Q1 2020, after the pandemic affected multiple vital sectors. In Q2 2019, the Kenyan economy grew by [...]Global Markets Top News Highlights
Apple Shares Fall Despite New Products Shares of American tech giant Apple Inc closed 2.70% lower on Tuesday despite announcing a new line of smartphones that support 5G. At its [...]Tesco Suspends Supplies from Kakuzi
UK retailer Tesco has suspended supplies from Kakuzi following a move by law firm Leigh Day to take legal action against UK firm Camellia whose subsidiary runs Kakuzi. Camellia owns [...]Tech Stocks Drive US Markets Higher
The US Stock market on Monday closed higher driven by mainly driven by Nasdaq listed Tech stocks Amazon and Apple Inc. At market close, Apple Inc. shares rose by more [...]Crown Paints to raise KSh 711.8 Million from Rights Issue
Crown Paints Limited plans to do a pre-emptive rights issue that will see its shareholders participate in the acquisition of 71,181,000 out of the 92,526,000 newly created shares. Preemptive rights [...]Crypto Prices Rise As Global Central Banks Explore Digital Currency Possibilities
The price of cryptocurrencies has surged over the last few days followingnewsthat major central banks are discussing the possible introduction of their digital currencies. The World's top seven largest central [...]
