1 Sep 2020 - Turnover at the Nairobi Securities Exchange (NSE) fell significantly to KSh 254.69 Million at the end of today’s trading session. This was on a volume of 9.39 Million shares transacted in 1,056 deals. The biggest mover was Safaricom which moved 2.29 Million shares in 125 deals with its share price…

1 Sep 2020 - Online Forex trading has grown exponentially in popularity over the past ten years. Historically, forex trading was reserved for large institutions like Governments, Banks and Corporations. However, now with retail forex trading, individual investors and traders can also participate in the forex…

1 Sep 2020 - With the COVID-19 pandemic more job losses are on the way as a result of a slowdown in the economy The post 1.7 Million Kenyans Lose Their Jobs in Three Months as Unemployment Numbers Double appeared first on Business Today Kenya.

1 Sep 2020 - The Central Bank of Kenya is inviting investors to bid for the 15-year and 20-year Treasury Bonds worth KSh 50 Billion, proceeds to be used by National Treasury to finance the National Budget. This Treasury Bond sale runs from 31st August to 15th September 2020 with investors required to submit…

1 Sep 2020 - Kenya Airways allows health workers to purchase discounted air tickets on any of its 20 destinations.

1 Sep 2020 - On August 26, 2020, the United Nations Secretary-General (UNSG) António Guterres launched the report of his Task Force on Digital Financing of the Sustainable Development Goals (The Taskforce), on which I have served for the last 18 months. The report titled, “People’s Money: Harnessing…

1 Sep 2020 - The market indices are reviewed periodically to ensure they reflect an accurate representation of market performance. The post Kenya Airways Kicked Out of NSE’s Elite Group appeared first on Business Today Kenya.

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1 Sep 2020 - •Lenders in the East African nation have seen their earnings plunge in the first half of this year •All lenders are required to resubmit their internal capital adequacy assessments by the end of October  

1 Sep 2020 - In July 168 trains, railed 1, 715 Twenty Equivalent Units TEUs from the two ICDs to the port of Mombasa

1 Sep 2020 - The Board of the Kenya Electricity Generating Company PLC (KenGen) has recommended a dividend payout of Ksh 1.65 billion for its shareholders for the year ended June 30th, 2019. While releasing the company’s audited results for the year ended June 30th, 2019, the Managing Director and Chief…

1 Sep 2020 - Safaricom (NSE: SCOM) has expanded its strategic collaboration with M-Gas as the two firms seek to deliver solutions that transform the lives of even more Kenyans. The partnership will enable joint technology development, expertise sharing, co-creation of solutions, and market support between the…

1 Sep 2020 - She replaces outgoing chairman George Maina

1 Sep 2020 - East African Portland Cement Company (EAPCC) has declared redundant all its 270 employees with an eye on trimming the company’s wage bill further.

1 Sep 2020 - KCB and NCBA backed Mshwari and Fuliza have been established as the most accessed mobile credit providers by Kenya’s small and medium enterprises (SMEs)  in 2020. According to a survey by SME consultancy Viffa Consult, the two have eaten into the digital lenders share of the SME borrowers market…

1 Sep 2020 - Listed oil marketing firm Total Kenya has recorded a marginal increase in net earnings to KSh 1.14 billion at the end of the six months of 2020. This is compared to KSh 1.11 billion net earnings over a similar period last year. The firm’s financial performance is viewed against a decline in the…

1 Sep 2020 - Fish farmers in Nyeri have benefited from pond liners from the County government in conjunction with the Aquaculture Business Development Programme (ABDP). ABDP is a programme covering 15 counties including Nyeri, Embu, Meru in Central region and Kisumu, Migori, Homa Bay in western region to boost…

1 Sep 2020 - Munya: theft of marine resources was being countered by the Kenya Coast Guard and the Kenya Navy.

1 Sep 2020 - British American Tobacco Kenya plc (BAT Kenya) has announced the appointment of Ms. Rita Kavashe, MBS, as the Chair of the Company’s Board, effective 1st September 2020. Ms. Rita replaces the outgoing Chair, Mr. George Maina, who served as a Non-Executive Director and Chair of the Board for nine…

1 Sep 2020 - Prior to her appointment, Priscilla was the Africa Marketing Head for Glovo, where she led the team that successfully launched the Glovo brand in Kenya and Côte d'Ivoire The post Glovo Kenya Appoints New General Manager appeared first on Business Today Kenya.

1 Sep 2020 - Revenues for videoconferencing app, Zoom, have grown by 355% year on year to hit $663.5 million in the second quarter of 2020, as the coronavirus crisis continues to push for remote working. This beat analysts’ expectations of $500.5 million. The company’s profits soared to $186 million, while…

1 Sep 2020 - The board of the Kenya Electricity Generating Company (KenGen) has recommended a Ksh.1.65 billion dividend pay out to shareholders. The pay which translate to a dividend per share (DPS) of 25 cents following the company’s receipt of audited results of the year ending June 30, 2019. The board had…

1 Sep 2020 - By M&M S Squared Ventures, LLC, the makers of the Uhai haircare brand have announced a new partnership with Joyce Omondi. Omondi is a well-known Kenyan gospel singer, songwriter, T.V. Host, content creator and entrepreneur. Uhai and Joyce will collaborate and work together with respect to the…

1 Sep 2020 - Anker Innovations, a global tech giant and manufacturer of charging technology products and innovators of smart devices for entertainment, travel, and smart homes has picked Kenya as its launch pad in the East African market. “We are excited to venture into the Kenyan market which has the highest…

1 Sep 2020 - Isuzu East Africa Managing Director Rita Kavashe has been named as the British American Tobacco (BAT) Kenya new board chairperson. Ms Kavashe who has been serving as BAT’s non-executive director replaces George Maina who retired from the board on Monday. Rita Kavashe holds a long-career in Kenya’s…

1 Sep 2020 - Uber Kenya will now pick up and drop off passengers from local airports starting August 31, 2020. The taxi company will allow riders to request trips to and from Wilson Airports, Jomo Kenyatta International Airport (JKIA), and Moi International Airport 24 hours a day. The changes will allow…

1 Sep 2020 - By M&M WomenWork Network in partnership with the Mastercard Foundation, has launched Rebuild, a program that offers emergency loans and business expertise to women entrepreneurs in Kenya. The Rebuild Program includes an emergency interest-free short-term working capital loan for businesses,…

1 Sep 2020 - The Central Bank of Nigeria has set a $13 million minimum capital base for any payment service banks looking to get mobile money licenses; a move that is likely to deter telecoms firms and some other potential new entrants into the digital financial services sector. As Reuters reports, telecom…

1 Sep 2020 - The Treasury said the Post Office had requested 4.9 billion rand

1 Sep 2020 - According to the Board, the renewal was based on a rigorous evaluation process.