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 [...]Pandemic Boosts Online Forex Trading in Kenya
Equiti Group launched online forex trading operations in Kenya two years ago through local subsidiary EGM securities. The company has grown six-fold in terms of staff numbers, customers, and product [...]Diaspora Remittances Rebound in May to Hit Ksh27.4B
Diaspora remittances inflows recovered in May 2020 to hit Ksh27.369 billion (USD 258.2 million) from Ksh22.069 billion (USD 208.2 million) recorded in April. This was a Ksh5.3 billion or 24 [...]Global Markets Mixed as Virus Cases Surge
The US stock market on Friday closed the week on the red zone as the coronavirus outbreak in the country continued to worsen.At least eleven states have paused their reopening [...]
