23 May 2022
- London Distillers Kenya (LDK) brands Safari Rare Whisky and Kenya King Gin have won two global awards at the 2022 Monde Selection Quality Awards. The Safari Rare Whisky won the Gold Award while Kenya King Gin won a Silver award of quality. “Competing…
23 May 2022
- If given a chance, 35% of Kenyan youth would leave the country to find a better job abroad, escape poverty or pursue an education. This is according to a groundbreaking 2019 survey by Afrobarometer that explores attitudes towards relocating abroad in 33…
23 May 2022
- Kenya Tourism Board (KTB) is capitalizing on conferences and business meetings to popularise leisure activities in the country. KTB Chief executive officer Dr Betty Radier says tour operators are quickly taking advantage of conferences hosted in the…
23 May 2022
- Three judges of the Appellate Court said the payment of Sh27 million for damages was high and slashed the amount to be paid by Dr Githongo to Sh10 million.
23 May 2022
- Teachers’ union, KNUT, and KUPPET are working secretaries behind the scene to ensure an increment in salary for their members. According to the reports, both KNUT and KUPPET are reported to be in a casual meeting with the top Teachers Service Commission…
23 May 2022
- The register of voters is still open for verification of voting details until 2nd June 2022. You can now verify your voter registration details by sending your Identification Number (ID), OR Passport Number to SMS Code 7000. Here is the Procedure: Go to…
23 May 2022
- Nairobi Central Railway Station project designs have been completed by Atkins UK on behalf of Kenya Railways Corporation and the Ministry of Transport.
23 May 2022
- Nairobi Securities Exchange(NSE) Weekly Equity Turnover stood at KSh 1.64billion on 54.8million shares when trading ended at the bourse last week, against KSh
23 May 2022
- Kenya is set to host the first G25 African coffee Summit this week in Nairobi starting 25th – 27th May 2022. The summit, themed “Sustainable Development and Economic Growth in the African Coffee Sector” will bring together heads of state and governments…
23 May 2022
- NAIROBI, Kenya, May 23 – Kenya Tourism Board (KTB) is capitalizing on conferences and business meetings to popularise leisure activities in the country. KTB Chief executive officer Betty Radier says tour operators are quickly taking advantage of…
23 May 2022
- Central Bank of Kenya(CBK) received bids worth KSh 17 billion at the May Treasury Bonds tap sale out of the advertised amount of KSh 10 billion and accepted
23 May 2022
- Education Cabinet Secretary Prof George Magoha has issued a new directive to all parents to ensure that all students who performed well but have not joined various secondary schools of their choices due to lack of school fees are enrolled in day schools…
23 May 2022
- Equity Group has invested KSh400 million in establishing a subsidiary that will run its insurance business as the listed firm seeks to diversify from the
23 May 2022
- NAIROBI, Kenya, May 23 -Tea prices have continued to decline at the tea auction falling below the minimum price of Shs 279 set by the Kenya Tea Development Agency (KTDA). According to the East African Tea Trade Association, a kilo of tea sold at Sh 262…
23 May 2022
- Whether you are just a beginner in investments or you have been in the game for a long time, there are certain fundamental rules and principles that you need
23 May 2022
- It's every parent's dream to see their child live up to their full potential and achieve all their wildest dreams. Setting up your child for future success and a rewarding career starts with providing them with good quality education.
23 May 2022
- Kenyans living abroad sent home KSh41.35 billion in April (diaspora remittances), a KSh700 million drop compared to the KSh42.05 billion sent in March.
23 May 2022
- 2 million Kenyans, or at leat 12 percent of the Kenyans listed in the Metropol Corporation Credit Reference Bureau (CRB) have defaulted on their loans. This is according to Metropol Managing Director Sammy Omukoko, who says that most of the defaulters…
23 May 2022
- TOPLINE Apple is working to increase production of its products outside China, according to the Wall Street Journal, in an attempt to reduce reliance on the nation, where strict Covid restrictions have disrupted business. KEY FACTS Apple has informed…
23 May 2022
- Washington, United States, May 23 – A US military plane bringing several tons of much-needed baby formula from Germany landed Sunday at an airport in Indiana as authorities scramble to address a critical shortage. Scarcity of medical-grade baby formula…
23 May 2022
- Stock Market Weekly equity turnover dropped by 33.9 percent w-o-w to close at USD 14.09 MN (1.64 billion shillings). The NSE 20 and NASI fell by 3.8 percent and 5.1 percent w-o-w to close at 1,680.53 and 132.52, respectively. Foreign investors assumed a…
23 May 2022
- Airtel Africa Plc has recalled $505 million bonds and sold off telecommunication towers in Malawi, Madagascar and Tanzania for a total consideration of $284
23 May 2022
- During the week, the NSE Market Cap-weighted P/E stood at 13.9x (-6.6 percent YTD). The NSE Market Cap-weighted P/B stood at 5.2x (-25.4% YTD) while the NSE Market Cap-weighted Dividend Yield stood at 6.7% (+323 bps YTD) At the same time, the NSE…
23 May 2022
- The Kenyan shilling depreciated by 0.2 percent against the US dollar to close the week at 116.4 shillings from 116.1 shillings recorded the previous week, partly attributable to increased dollar demand from the oil and energy sectors. Key to note, this…
23 May 2022
- Kenya’s economy thrives on the wheels of small and medium enterprises (SMEs). The sector employs about 86 percent of Kenya’s population and contributes about 45.5 percent to the country’s gross domestic product (GDP). Despite the fact that the SME…
23 May 2022
- Kenya's Horticulture exports earnings dropped by KSh20 billion in the first quarter of this year, attributed to low-quality avocados and a sharp fall in
23 May 2022
- The online application portal for the 2021 KCSE candidates to apply for institutions of higher learning was officially opened on Friday by the Kenya Universities and Colleges Central and Placement Service (KUCCPS). As earlier announced during the…
23 May 2022
- KAJIADO, Kenya, May 23 -Kajiado Governor, Joseph ole Lenku, has appealed to the National Government to step in and provide relief food and water, to cushion residents from the effects of the on-going drought. Lenku revealed that most parts of the County…
23 May 2022
- MOMBASA, Kenya, May 23 – Phase-Two of the Sh32 billion second container terminal at the port of Mombasa is complete and set for commissioning next month. Construction of the terminal which started in September 2018, is expected to increase the port’s…
23 May 2022
- T-bills remained oversubscribed, with the overall subscription rate coming in at 116.3 percent last week, up from 102.3 percent recorded the previous week. The performance, according to Cytonn Investments, was on the back of increasing yields and eased…
23 May 2022
- Kenya’s debt repayments towards infrastructure projects funded by China have more than doubled to KSh73.48 billion the current financial year, attributed to
23 May 2022
- Regional micro-financier Platinum Credit is set to get a Sh5.2billion ($45 million) loan from the International Finance Corporation (IFC) to support the
23 May 2022
- Data from National Treasury shows KRA collected Sh333.5bn in nine months to March, a 33 percent growth from the Sh251.5bn collected in the same period last year.
23 May 2022
- The African Development Bank (AfDB) has announced a $1.5-billion fund to boost grain production to help avert potential food shortages stemming from Russia’s
23 May 2022
- The Ministry of Tourism & Wildlife has launched a new strategy Dubbed “the new vision for Kenya’s tourism” that seeks to diversify the country’s tourism
23 May 2022
- Kericho County government has signed a deal with Stanbic Bank to offer financial support to Small and Medium Enterprises (SMEs) to grow their businesses in
23 May 2022
- The amount represents 85 percent of the Sh447.33 billion that gamblers staked in the period, according to Pevans’ audited financial statements.
23 May 2022
- Distributors of alcoholic drinks have accused KRA of adjusting excise duty rates on about 30 products upwards in spite of a court order suspending implementation.
23 May 2022
- BII has pledged investments worth $7.5 billion (Sh873 billion) in Africa and the fund’s chief executive Nick O’Donhoe says Kenya has the potential of taking up 10 percent of the capital commitment.
