Sanlam Kenya PLC stocks rallied Friday on the Nairobi Securities Exchange (NSE) to trade Ksh.12.9 per share from Ksh.12.05 Thursday. Speculation in Sanlam shares is anchored on a deal which Sanlam Group’s signed with Allianz (Germany-based) mid this week. The Ksh.243.7 billion deal with Allianz is for
The Kenya Association of Manufacturers (KAM) has signed a three-year deal for tree planting and forest conservation with the Kenya Forest Service (KFS) to increase forest cover in Kenya. It is a well-timed deal since the country is in its rainy season. The new partnership aims to
Labour Cabinet Secretary Simon Chelugui has appointed Rose Omamo as the Central Organization for Trade Union’s (COTU) representative to the NSSF Board as directed by President Uhuru Kenyatta. President Kenyatta issued a directive on May 1, 2022, when he led Kenyans in celebrating Labour Day at
United States President Joe Biden has named Karine Jean-Pierre as his new top spokesperson being the first time a black, or openly gay, person has held the role. Jean-Pierre, 44, has served as the administration's principal deputy press secretary since Biden was elected. She will replace outgoing
Meru County has joined the list of the top five richest counties in Kenya, measured by how much each County contributes to Kenya’s Gross Domestic Product (GDP). The County, governed by Kiraitu Murungi is known for Miraa farming and production. It is in the league of the
Oil prices extended gains on Thursday on supply concerns as the European Union (EU) proposal laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting concerns over weaker Chinese demand. Brent crude futures had climbed 85 cents, or 0.8
Family Bank shareholders have approved a Ksh.1.1 billion total dividend from its 15th Annual General Meeting. Shareholders will pocket Ksh.0.83 per share. This follows an impressive 2021 full year results that saw a pretax profit surge by 131.6 percent to Ksh.3.3 billion for the year ended December
Thursday evening closing figures on the Nairobi Securities Exchange (NSE) saw Sanlam Kenya stocks edge up 8.07 percent to trade at Ksh.12.05 per share. This is mirrored by Sanlam Group’s move early this week which saw it enter into a merger deal with Allianz. Allianz (Germany-based) joined
President Uhuru Kenyatta has emphasized the need for Africa to speak with one voice on international issues that have a direct impact on the continent. The Head of State spoke on Thursday at State House Nairobi, when he received a special message from Angolan President João
A number of United States pension funds and foundations are seeking to inject over Ksh.60 billion into Africa as they onboard Kenya Pension Fund Investment Consortium (KEPFIC) for investment opportunities. The funds will be targeted into different sectors in the economy such as infrastructure, education, housing,
