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Market News

House Prices In Kenya Remain In The Red In Q2 Of 2020

The growth of house prices remained in the negative territory during the second quarter of 2020, with signs of recovery following the ...

Shoprite Now Has Only Two Outlets In Kenya

During the week, Shoprite Holdings, a South African based international retailer, announced the closure of its branch in Nyali Mombasa, effective 31st ...

Money Markets Remain Liquid As Interbank Rate Closes At 2.5%

The money market remained liquid during the week with the average interbank rate coming in at 2.5 percent, up from the ...

CBK Approves Co-op’s Move To Own 90% Of Jamii Bora

The Central Bank of Kenya has given its blessings to the Co-operative Bank of Kenya to acquire 90 percent of Jamii Bora ...

Schools Get Funding For Terms Two And Three

By Getrude MatayoThe government of Kenya has released funds to run schools and pay teachers hired by the boards of management ...

Borrowers Default Ksh 30 Billion In Loans, Auctioneers On Standby

By Nsunjo EricaKenyan borrowers have defaulted 30 billion shillings in loans between March and June 2020 as the Covid-19 pandemic continues ...

Ksh 8 Million Worth To Cushion Flower Workers From Covid-19 Effects

Civil Society Organisations under Hivos East Africa’s Women@Work Campaign and the Kenya Flower Council (KFC) today dispatched food packages and mobile money ...

KRA Gives Kenyans A Month To Pay Up Or Be Auctioned

By Nsunjo EricaIndividuals and businesses have until the end of this month to apply for amnesty on defaulted taxes or risk ...

Intercontinental Hotel Shuts Down, Fires All Employees

By Getrude MatayoIntercontinental hotel has sacked all employees and ended its Kenya operations amid the coronavirus economic fallout.According to the ...

Shoprite Supermarket To Fire Its 115 Employees

By Nsunjo EricaShoprite Supermarket Kenya is set to lay off 115 workers as it shuts its Nyali Branch in Mombasa this ...