• 17 Jul 2021 - Kenyans in the diaspora sent home Ksh.33 billion ($305.9 million) in the month of June according to new statistics from the Central Bank of Kenya (CBK). This to represent a six per cent jump in the remittances from Ksh.31.2 billion ($288.5 million) sent on the same month a year prior. The growth…
  • 17 Jul 2021 - The country’s debt hit Ksh.7.7 trillion in June this year according to new data from the National Treasury and the Central Bank of Kenya (CBK). In contrast, the stock of Kenya’s debt stood at a lower Ksh.6.7 trillion at the same time last year. This means that the country has added at least Ksh.1…
  • 17 Jul 2021 - Manufacturer Crown Paints has listed 71.2 million shares on the Nairobi Securities Exchange (NSE) following the conclusion of its rights issue. The shares floated on the bourse on Thursday after the company after the allotment of the shares to shareholder accounts a day earlier. Crown Paints…
  • 17 Jul 2021 - Foreign retailer Carrefour has stepped up its local expansion drive as it announces two new stores in Kisumu. The retailer owned and operated by Majid Al Futtaim is set to open two new stores at the City’s Market Mega and the United Mall. The pair of stores are expected to open later this month…
  • 15 Jul 2021 - The board of the Kenya Airports Authority (KAA) has confirmed Alex Gitari as the new Managing Director with his term effective from July 8, 2021. The naming of Gitari as the authority’s substantive MD ends a long winding recruitment process which has extended to nearly three years. Gitari has been…
  • 15 Jul 2021 - The Ethiopian government has rubber-stamped the entry of Safaricom to its telecommunications space by incorporating and registering the business unit set to steer the process. The Safaricom Telecommunications Ethiopia PLC, is the name designated to the new company set up in Ethiopia by the Global…
  • 15 Jul 2021 - The National Treasury has easily mopped Ksh.79.9 billion from its primary July bond offer surpassing an initial target of raising Ksh.60 billion. This as investors continue to show an insatiable appetite for government securities having put in bids of Ksh.116.9 billion for the three re-opened…
  • 15 Jul 2021 - International arrivals into the country have begun trending towards pre-pandemic levels as global travel resumes following the disruption occasioned by measures put in place to curb COVID-19. New data from the Tourism Research Institute (TRI) shows that international arrivals in the first six…
  • 14 Jul 2021 - The Energy and Petroleum Regulatory Authority (EPRA) has left the prices of all three petroleum products unchanged in its scheduled review on Wednesday. The hold in prices for super petrol, diesel and kerosene is against the expectation of a considerable rise to costs from the prevailing high…
  • 14 Jul 2021 - Local importers including manufacturers and distributors face greater costs as the Kenya Bureau of Standards (KEBS) begins registering low risk imported products. The standards body says all registered products will now be the subject to destination inspection at the expense of the importer. The…
  • 13 Jul 2021 - Kenya Ports Authority (KPA) newly appointed Acting Managing Director John Mwangemi has been cleared to take office. This is following an unprecedented reversal directive by the courts citing variance in the processing of a decision made only last week to bar Mwangemi from office. In a ruling made…
  • 13 Jul 2021 - Manufacturer Crown Paints has raised Ksh.642.7 million from its just concluded rights issue/additional shares issuance. Proceeds from the rights issue represent the acceptance of the issuance of 64.3 million more shares by the company. Shareholders nevertheless registered an over-subscription of…
  • 13 Jul 2021 - The Kenya Revenue Authority (KRA) has pushed the mandatory roll out of electronic invoice for Value Added Tax (VAT) to August 1, 2021. This means that the taxman will begin administering VAT through the electronic tax invoice management system next month while VAT registered taxpayers will be…
  • 13 Jul 2021 - Nairobians spend twice as much as their counterparts in the rest of the country according to a breakdown of data from a just published report. The report, whose central theme featured inequality and is co-authored by the Kenya National Bureau of Statistics (KNBS), shows that Nairobians have the…
  • 12 Jul 2021 - More women and youth lack jobs as unemployment remains unevenly distributed among males and females and youth and adults. The findings are contained in a new report co-authored by the Kenya National Bureau of Statistics (KNBS) and focused on levels of inequality in the country. The report off a…
  • 12 Jul 2021 - The County of Turkana has ranked as both the poorest and most unequal devolved unit in the country according to a just-released report. The joint report dubbed as the inequality trends and diagnostics in Kenya 2020 is a joint survey by the Kenya National Bureau of Statistics (KNBS) and parts…
  • 9 Jul 2021 - A gaping hole in the regulation of investment schemes has allowed crooks and scammers to easy swindle billions of shillings from Kenyans. This is while regulators’ hands are tied behind their backs with no substantive regulations to back interventions. For instance, private investment placements…
  • 9 Jul 2021 - There will be no relief to monthly electricity bills at the end of July after an upward adjustments to tariffs on Friday by the Energy and Petroleum Regulatory Authority (EPRA). While the fuel cost charge will ease to Ksh.3.30 per unit of power consumed this month, the foreign exchange fluctuation…
  • 8 Jul 2021 - The National Treasury has cited 14 out of 18 key State parastatals as financially weeks under its ongoing quest to reform the struggling agencies. The 14 parastatals have been categorized into three, in accordance to their earnings rating. For instance Kenya Power and Kenya Railways have been…
  • 8 Jul 2021 - Kenya is now the largest shareholder in pan-African affordable housing firm Shelter Afrique after paying Ksh.1 billion in additional capital. This to raise the country’s shareholding in the Nairobi headquartered entity to 18.72 per cent beating stakes by Nigeria and the African Development Bank (…
  • 7 Jul 2021 - New taxes on loan fees and commissions are expected to hit out and not just customers but also commercial banks. This is according to a new banking sector report by stock brokerage firm AIB-AXYS Africa which sees negative growth in revenues earned by lenders and higher costs for bank clients.…
  • 7 Jul 2021 - Leading telecoms operator Safaricom has adjusted the pricing of its products and services to reflect recent change to the taxation of telephone and internet data services. The changes which become effective on Wednesday will affect all out-of-bundle voice calls, data and SMS as well as integrated…
  • 7 Jul 2021 - Manufacturers from Kenya and Tanzania have staged talks to deliberate on joint trade promotion and market access between the pair of countries. The convention which commences on Wednesday shall run through to Friday and will include government representatives. The Kenyan delegation will be lead by…
  • 6 Jul 2021 - Electricity generating company KenGen is set to earn an estimated Ksh.119 million from carbon credits this year as the firm continues profit off climate change reversal actions. On Tuesday, the NSE listed firm reported it has received an additional 309,405 certified emission reductions (CERs) for…
  • 6 Jul 2021 - Over Ksh.168 million has been transacted on the nascent Nairobi Securities Exchange (NSE) derivatives counter, two years since the launch of the segment in July 2019. Deals in the first half of 2021 have been nearly seven times greater over a similar period last year while the average daily…
  • 6 Jul 2021 - Kenya has joined 24 other countries in signing a joint declaration that seeks to enhance mechanisms for mass production of decent and affordable housing on the continent. The pact known as the Yaounde Declaration was issued at pan-African affordable housing firm Shelter Afrique’s 40th annual…
  • 5 Jul 2021 - Dollar/ foreign exchange reserves at the Central Bank of Kenya (CBK) have touched a near 12-months high from new loan disbursements in recent weeks. According to data from the CBK, the reserves hit Ksh.1.02 trillion ($9.49 billion) this past week, the highest level seen since the week closing on…
  • 5 Jul 2021 - The Nairobi Securities Exchange (NSE) has given investors a double digit return through the first half of 2021 as the markets rebound from last year’s dip. The NSE primary index comprising of all stocks has posted the highest return at 15.4 per cent through the first six months of the year ahead…
  • 5 Jul 2021 - Businesses are being forced to raise selling prices as they face high input costs/ input cost inflation. Data from Stanbic Bank Kenya Purchasing Managers Index (PMI) published on Monday shows rising fuel costs and increased raw material demand drove up purchase prices for firms in the month of…
  • 3 Jul 2021 - The Merriam-Webster dictionary defines an influencer as a person who exerts influence or guides the actions of others. The term is nevertheless often used to describe a person with the ability to generate interest in something especially a consumer product. Meanwhile, influencer marketing…