Kenya Shilling Weakens to an All-Time Low Against US Dollar
The Kenyan Shilling (KES) on Tuesday slid to an all-time low of 107.9400 against the US Dollar driven by demand for the greenback as importers, including manufacturers and energy marketers [...]
Kenya Power Appoints Five new Board Directors
The Board of Kenya Power and Lighting Company PLC (Kenya Power) has appointed Eng. Abdulrazaq Ali, Eng. Elizabeth A. Rogo, Caroline Kittony-Waiyaki, Vivienne A. Yeda and Sachen Gudka as Non-Executive [...]
Tuskys Pays KSh 2.77 B To Suppliers, Eyes a Strategic Investor
Tusker Mattresses Limited (Tuskys) paid KSh 2.77 billion to its suppliers in June, following an order from the Competition Authority of Kenya (CAK). The retailer is seeking alternative funding options, [...]Kiprono Kittony Appointed as NSE Board Chair
The Nairobi Securities Exchange (NSE) Board has appointed Kiprono Kittony as its chairperson, following theresignation of Samuel Kimani on 13th July. Samuel held the role for four years and he [...]Kenya Needs to Resume Fiscal Consolidation Efforts World Bank
World Bank says Kenya needs to resume fiscal consolidation efforts and seek to rebuild its fiscal buffers to withstand shocks in the medium term. The World Bank in Kenya Public [...]
Exports for Q1 Rise by 5.3% Driven by Tea and Horticulture
The value of Kenya's domestic exports grew by 5.3 per cent to KSh 144.9 billion in 2020 Q1 from Ksh 137.6 billion in Q1 2019. The rise comes from growth [...]Transcentury Intends to Delist from NSE
Transcentury PLC announces that it has commenced delisting from the Nairobi Securities Exchange subject to regulatory and shareholder approval. The move will see all issued shares of the company comprising [...]CMA Introduces Transitional Rules at Nairobi Coffee Exchange(NCE)
The Capital Markets Authority(CMA) has moved to institute a transitional payment system as it takes over the oversight role at the Nairobi Coffee Exchange(NCE). The Authority has directed that existing [...]Tea Auction Records a Slight Increase in Prices
Theweekly MombasaTea Auction held on the 29th and 30th June 2020 recorded 12.5 million kilograms offered for sale. The amount on offer recorded an increase from 10.9 million kilograms offered [...]Kenya Airways Shares Suspended From Trading for 3 Months
The Nairobi Securities Exchange (NSE) has given a notice of suspension of trading Kenya Airways shares, following the looming government buy-out. The suspension will remain in place until the deal [...]LeapFrog Africa to Acquire 24% Stake in ICEA Lion
ICEA Lion Insurance Holdings has entered a partnership with LeapFrog Strategic Africa Investment (LSAI), which will see LSAI acquire 24% shareholding in ICEA Lion. An announcement from ICEA Holdings Chairman [...]Safaricom Picks Ilanna Darcy as New CFO
Safaricom has picked insider, Ilanna Darcy, as the new Chief Finance Officer (CFO) in an interim capacity effective July 1st, 2020. Darcy has been working at Safaricom since 2017 as [...]
