Job Losses Up in November as Private Sector Activity Contracts-PMI Index
The rate of job losses in the private sector increased in the month of November, due to weaker output and reduced workloads, the November Kenyan Purchasing Managers Index (PMI) shows. [...]
Court Temporarily Stops Sale of KICC, 10 Other Parastatals
The Kenya government’s bid to sell eleven (11) State Enterprises has met its first challenge, predictably, following a court’s verdict to temporarily halt the process. “It is hereby ordered that [...]Shilling's Drop, Tough Environment, Trigger More Profit Warnings
The Kenya Shilling's exchange rate depreciation against the US dollar and a tough business environment have continued to drive more listed firms, especially those that rely on imported raw materials, [...]
Scangroup Joins List of NSE Firms Issuing Profit Warnings
Marketing and Communications firm ScanGroup has joined a growing list of Nairobi Securities Exchange (NSE) listed companies to issue a profit warning highlighting tough economic environment facing Kenyan firms. “The [...]Why Government is Selling KICC, 10 Others
The government has invited Kenyans to submit comments on the privatization of eleven state-owned companies in the 2023 plan, before December 11. Big names in the programme include Kenya Pipeline [...]Dangote's $20B Oil Refinery Set to Launch Operations
Aliko Dangote's $20 billion oil refinery with a daily capacity of 650,000 barrels, is set to commence operations in December. Dangote, Africa's richest man, shared that the refinery, situated on [...]
KenGen to Implement World Bank-Funded Battery Energy Storage System Project
Kenya Electricity Generating Company PLC (KenGen) has been appointed as the Implementing Agency for the Battery Energy Storage System (BESS) as part of the Kenya Green and Resilient Expansion of [...]Carbacid Plans Virtual AGM, Stalled Acquisition Likely to Feature
Carbacid Investments Plc, a listed investments firm, has notified its shareholders that the 52nd Annual General Meeting (AGM) will be held at the company’s ALN House Head offices virtually on [...]Equity to Complete Acquisition of Cogebank in November, Records KSh 36.2b Net Profit
Equity Group is expecting to finalise the acquisition of Rwanda’s Compagnie Générale de Banque, better known as Cogebank, by the end of November. The banking group made the disclosure on [...]Kenya Outperforms Other Major SSA Economies on Fiscal Reforms
The fear of social unrest and political pressures are likely to shape whether or not some fiscal reforms, especially the aggressive vigilance and new measures to raise revenues, remain unchanged in 2024.Kenya’s National Debt Rises Sharply as Shilling Falls
Kenya’s national debt has increased by KSh 382.6 billion over the past one year because of the rapidly weakening shilling which has depreciated by 23% against the dollar in that [...]Ten Counties Pilot Green Bond Access Option, Report Due Q1, 2024
Ten Counties have been selected to pilot an assessment for viability of green bond as an alternative source of funding to various capital-intensive projects in the devolved units. The Financial [...]
