Business News

Mr Muthomi adds the effort earned Kenya avocados the highest foreign exchange for the period ever and has opened new markets and demand even in countries where Kenya doesn’t have phytosanitary protocols.

The revenue increased to  to Kes 79 billion from Kes 69 billion in the same period last year.

This improved performance is expected to impact the entire value chain positively, with renewed economic activities

To reduce post-harvest losses, the government is refurbishing 11 warehouses in targeted counties.

Shelter Afrique expects fresh equity injection from Member Countries via country IDA allocation, direct lines of credit from the World Bank, as well as credit guarantee schemes to enable it to return...

The National Treasury expects the Kenyan economy to grow by just 2.5 percent due to COVID-19 induced economic slowdowns.

Tuskys has lost significant clout to rivals Naivas and newcomer Quickmart which has been on an expansion spree countrywide.

Kenya was ranked 115 out of 152 countries in the industrial index

“We are pleased to be joining the Kenya Bankers Association, an organization that has championed industry development since 1962,” said Caritas Chief Executive Officer Mr. Titus Muchiri

Telkom Kenya last month launched loon, 4G enabling balloons in partnership with American tech giant, Alphabet, which it hopes will expand its internet subscription by 4.8 million users.

The idea was boosted by passage of The Public Procurement and Disposal (Amendment) Bill, 2013 which provided that women, youth and persons with disabilities get 30% of all the government tenders.

The future of Kenya’s largest mining company Base Titanium hangs in the balance due to depleting minerals and delays in approving new mines. The company says resources at the Kwale South dune...

Eligibility of the financing plan will be based on customer credit score. The subscriber will need a history with Safaricom network going back at least one year and be between 18-75 years...

During 2Q2020, bond market turnover decreased by 13.50% with 137 billion worth of bonds traded compared to 158 billion traded in 1Q2020.

The Central Bank of Kenya in June revealed that the ratio of non-performing loans stood at 13.1 percent, the highest since August 2007 when it stood at 14.41 percent.

IFC remains committed to scaling investment and advisory support in Kenya, especially within the context of Kenya’s Big Four Agenda of manufacturing, affordable housing, affordable healthcare, and food security.

CBK is using some of its reserves to help ease some of that pressure, which we think is partially seasonal

The new changes at the electricity distributor comes after Kenya Power in June issued a profit warning saying that it has witnessed reduced electricity consumption.

In addition, some of the small businesses will be offered a market of their products by the government.

The 54 tea factory companies, which own the 69 factories that are managed by KTDA, will proceed to close their financial books for the year and also declare the final payment to...

The ratings on Kenya are nevertheless supported by its diversified economic base, including its large and diversified agricultural and services sectors, relative to peers, which should help cushion its economy.

The airline will continuously review the protocols in place and update these where necessary to continue being ahead of the curve when it comes to safety

The National Aviation Management Bill, 2020 seeks to establish the National Civil Aviation Council that will oversee the creation of a new outfit, Kenya Aviation Corporation (KAC), to run the national carrier. 

This follows a unanimous approval of the transaction by shareholders of Jamii Bora Bank during the extra ordinary general meeting held Wednesday.

KDIC says the new limit will cover 99 per cent of depositors with funds in banks and deposit-taking microfinance institutions. 

A market maker might place a bid for 100 shares near the last sale price and a bid for 1,000 at 10% below that price. If someone naively attempts to sell 1,000...

CBK said it saw a significant increase in the use of mobile money channels by individuals in both value and number of transactions, since the elimination of charges for transactions of Sh1,000...

The revision of the Outlook on Kenya's IDRs reflects Fitch's view that the coronavirus shock will drive a sharp economic slowdown and deterioration in the budget deficit and government debt/GDP ratio in...

Since the Regulatory Sandbox became operational in March 2019, six companies have been admitted to test their innovations and one company has successfully exited the Regulatory Sandbox and is preparing to roll...

Many companies that pay dividends are strong performers, and they are able to make distributions to investors because they have a great deal of cash.

While an industrial revolution was already in progress, the pandemic has accelerated the process and created even more complications for which the economic institutions and policymakers are not yet prepared

The Acting MD said they remain totally focused on managing the company's cost base, affirming that the restructuring will not have any negative impact on the services and products they provide.

The hold in the Central Bank Rate was supported by inflation stability with inflation rate at 5.6% in April. Going forward, the CBK expects the rate to remain within the set target...

Equity Group will also work with its customers to expand their opportunities in the health sector by financing them to manufacture health equipment such as face masks and Personal Protective Equipment (PPEs)...

One of the most successful formulas in investing in the past three decades has been `buy the dips.’ Investment advisors could identify scores of rags to riches stories of investors who gained...

The negative outlook also captures the higher risks to the bank's asset quality and profitability due to a more fragile economic environment which will translate in reduced business activity, fewer fee-generating transactions...

In each of the next three years, Kenya will need to repay on average 1.7% of GDP in external principal amortizations in addition to any potential external financing of the fiscal deficit.

Our market does not expect the stimulus similar to the US and Europe with Trillions of dollars poured out to the economy but something promising from the government will definitely push the...

That brings the total easing since November to 200 basis points, with the rate now the lowest since September 2011

CDSC will test its its proposed screen-based Securities Lending and Borrowing (SLB) platform for a period of five months on CMA's regulatory sandbox.

Absa Bank Kenya will cease to transact as an authorized foreign exchange dealer in the Kenyan market from Thursday, April 9, 2020, to Wednesday, April 15, 2020

Fitch expects Kenya's general government debt to continue rising through FY22 to reach about 70% of GDP. This is higher than our pre-coronavirus forecasts, which saw debt peaking at 65% of GDP....

In making this decision, the CBK Board also noted the ongoing critical efforts to stem the spread of the Coronavirus (COVID-19), and the strain this has put on the Government’s resources.

For instance, in 2019, Kenya's petroleum product imports amounted to USD 3,310 million and the average price of our benchmark oil product was USD 66.5 per barrel. The benchmark price has now...

Qatar Airways on Wednesday announced that it is in talks to buy a 49% controlling stake in emerging East Africa's airliner, RwandAir. The Group also announced it's interest in doubling its holding...

In the past Viagra and other ED medications worked very well, but in the past couple of years, they have stopped https://vgrsingapore.net/cipro-singapore.html working. Renting an apartment in Rome How do I book...

Analysts at SBG Securities have issued a buy recommendation on listed telecommunications firm Safaricom Plc at the current price levels of Kes 33.00. SBG becomes the first investment bank in the country...

Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100 billion shillings ($991.57 million), nearly half of its required external funding this fiscal year,...

Kenya's Giant retailer Nakumatt Holdings Limited is due to completely shut down after the company's creditors have today given the green light for its liquidation. Earlier this week, creditors of the firm...

The 'B+' rating reflects Kenya's high public and external debt levels and the uncertain pace of fiscal adjustment balanced against a strong and stable growth outlook. Kenya's public finances are a rating...

African Women Investors (AWI), a network for women in the diaspora and African countries will be holding its second annual investment summit on the 13th of December, 2019 at Radisson Blue, Hotel...

Safaricom (NSE: SCOM) and the Postal Corporation of Kenya have today announced a partnership around the M-Post service, with a goal of rolling out digital Post Office Boxes to more than 5 million...

Kenya's Central Bank has today announced the reduction of the benchmark lending rate (CBR) to 8.5% from the previous 9.0% for the first time since July 2018. The bank took note that...

The International Monetary Fund (IMF) has issued a report of the recent visit to Kenya. Led by Benedict Clements, the IMF team visited Kenya from November 18th - 22nd, 2019, to discuss...

The capital Markets Authority has granted Stanbic Africa Holdings Limited an extension period to buy more shares of Stanbic Kenya Holdings Plc on the Nairobi Securities Exchange. Stanbic Africa Holdings Limited (SAHL)...

Equity Group Holdings Plc has announced that it entered talks with Belgian entrepreneur, George Arthur Forrest and his family to acquire majority stake totaling to 66.5% Banque commerciale du Congo (BCDC) for...

Former KCB Group Plc chief executive Martin Oduor-Otieno has been appointed the group chairman of East African Breweries Plc. Oduor-Otieno who has been a non-executive director at the board of the company since...

The Nairobi Securities Exchange has today issued an official statement indicating that Mumias Sugar Company shares have officially been suspended from trading at the Exchange for the next three months. Yesterday, trading...