Business
Communication Sector Sees Kenyan Stock Market Down 4.3%
October 31, 2023
Communication Sector Sees Kenyan Stock Market Down 4.3%
Over the last seven days, the market has dropped 4.3%, driven by a loss of 8.0% in the Communication Services…
Air France Marks 90-yrs in Market With New Commitment to Clients
October 30, 2023
Air France Marks 90-yrs in Market With New Commitment to Clients
French carrier, Air France marked 90 years on October 30, 2023 since it began its operation across the globe in…
Why Insurance Penetration in Kenya is Still Low
October 30, 2023
Why Insurance Penetration in Kenya is Still Low
The rate of Insurance penetration in Kenya has remained historically low compared to other major economies, with the insurance penetration…
Shelter Afrique Extends $12M Loan to Vista Bank Guinee SA
October 30, 2023
Shelter Afrique Extends $12M Loan to Vista Bank Guinee SA
Shelter Afrique Development Bank (ShafDB) Board has approved $12 million housing loan to Conakry-based Vista Bank Guinee SA. Vista Bank…
Retired Kenyans in Push to Have Pensions Match Living Cost
October 26, 2023
Retired Kenyans in Push to Have Pensions Match Living Cost
Kenya Association of Retired Officers wants the Salaries and Remuneration Commission (SRC) to review pensions to align this with the…
Kenya’s Locally Assembled Cars Market Share Up 77.6% in Seven Months
October 26, 2023
Kenya’s Locally Assembled Cars Market Share Up 77.6% in Seven Months
Locally assembled vehicles in Kenya had a market share of 77.6% in the first seven months of 2023 when compared…
Treasury Seeks Ksh.50BN in Domestic Market to Finance Projects
October 24, 2023
Treasury Seeks Ksh.50BN in Domestic Market to Finance Projects
The Central Bank of Kenya (CBK) published the prospectus for the November Treasury Bond and is seeking to raise Ksh.50…
KCB’s Market Cap Down 47.2% to Ksh.64.4BN Within a Year
October 23, 2023
KCB’s Market Cap Down 47.2% to Ksh.64.4BN Within a Year
The Kenya Commercial Bank (KCB) share price closed the week ended October 19, 2023, at Ksh.19.90 – a 79-month low.…
Kenya Shilling Edges up 0.04% Against US Dollar
October 19, 2023
Kenya Shilling Edges up 0.04% Against US Dollar
The Kenya Shilling stabilised against the US Dollar at 149.84 units at the close of trading Thursday, representing a 0.04%…
Investors Heavily Shun 182, 364-day T-Bills Even as Shilling Holds Steady
October 19, 2023
Investors Heavily Shun 182, 364-day T-Bills Even as Shilling Holds Steady
Investors opted for short-term Treasury Bills which saw 91-day paper oversubscribed by 588.9% in the latest auction results. The Central…