Shilling Likely to Stabilise Against US Dollar-CBK
The government has laid down measures to strengthen the Kenya Shillings against the US dollar in consistent with the macro-economic fundamentals. The International Monetary Fund and Trade Development Bank have [...]
Companies Hired More in January as Private Sector Activity Nears Stability
Activity within Kenya’s private sector almost moved to the growth territory in January, save for weak client demand and cash flow problems which affected sales at many companies. Purchasing Managers’ [...]Multichoice Rejects Canal Plus' Acquisition Offer
Multichoice board of directors has halted a buyout deal from Canal plus stating that the value of the South African company surpasses the initial offer. Canal Plus has built its [...]Standard Chartered Anticipates Stability in Kenya’s Lending Rate
Investors should anticipate more stability in lending rates, even as expected fluctuations in forex and the tax environment continue to shape the operating environment, Standard Chartered in the latest global [...]Regional Fixed Income Exchange EABX Secures Regulatory Approval for OTC Operations
EABX PLC (EABX), the East African regional Fixed Income Exchange, has regulatory approval from the Capital Markets Authority to establish and operate an Over-the-Counter (OTC) securities exchange. As a company, [...]
EABL Stock Price Plunges as Tax Conditions and FX Market Dampen Profitability
In a landscape where regulatory changes can swiftly alter the course of businesses, East African Breweries Limited (EABL) finds itself grappling with the ramifications of an amendment to Sec 36 [...]
Media Houses Hit as Kenyan Government Tightens Control Over Advertisement
Financial challenges of Kenya’s media houses seem far from over, following latest directive by the government to ministries and state agencies on public advertisement printing and distribution. “For the next [...]Analysis: Kenya’s Economic and Business Outlook for 2024
Editor’s Note: This is an abridged version of a full analysis of Kenya’s economic and business prospects for 2024. Read the full analysis here (PDF). In 2023, the Kenyan government [...]Incentro Africa Drops Demand, Renegotiates Google Cloud Services with Twiga Foods
Incentro Africa has agreed to withdraw a demand filed late last year against Twiga Foods over Google Cloud Service dispute. “In light of the settlement arrived between Twiga Foods and [...]Ethiopia Issues Licensing Directives for Capital Market Service Providers
Ethiopia has issued a legal directive that will govern the licensing of capital market service providers as the nation seeks to consolidate the securities and exchange sector. The directives came into [...]Kenya's Third Largest Miller, Kitui Flour Mills, Acquires Rafiki Millers
Kenya’s third largest miller, Kitui Flour has gotten a nod from the Competition Authority of Kenya (CAK) to fully acquire Rafiki Millers. According to the Competition Authority of Kenya, the [...]2024 Outlook: Experts Predict Pressure to Ease on Kenya Shilling
The free fall of Kenya Shilling against the dollar and major currencies is expected to continue for the better part of 2024, however according to experts the depreciation will be [...]
