Market News


Increased CBR could mean slowdown in economic growth in Kenya
economic-growth-in-kenya
Anticipated slowdown in economic growth in Kenya Treasury bills continued to be undersubscribed with a 48% overall subscription this week after a ...

KRA targets to train 100,000 taxpayers on iTax

Kenya Revenue Authority (KRA) is targeting to train 100,000 taxpayers on how to file their annual returns on iTax. The Authority has ...

Kenyan Shilling loses against all major currencies
kenyan-shilling-against us-dollar-rates
Williamson Tea up 30% on a Generous Dividend Payout Equity market activities kicked off on a lethargic note depicted by the poor ...

National Bank of Kenya enters new phase in transformation strategy
national-bank-of-kenya
National Bank of Kenya Managing Director and chief executive officer (CEO), Mr. Munir Sheikh Ahmed, has today laid out details of the ...

Uchumi Supermarkets seeking loan to pay suppliers
uchumi-supermarkets
Uchumi supermarkets seeks KES500m loan to pay suppliers Uchumi Supermarkets is seeking a KES500 million bank loan to pay its suppliers. Already, ...

Nestlé unveils plan to boost coffee sector in Kenya
Nestlé to boost coffee sector in Kenya
Nestlé has today unveiled its plan to spend about Sh40million to boost coffee production and encourage participation of both women and youth ...

KES 2.1 trillion 2015 national budget to be funded by tax revenue
kenyan 2015/2016-budget-2015-national-budget
Secondary Market: Trading in the secondary market stalled yesterday as all eyes were pegged on the budget announcement for FY 2015/2016. Bond ...

Safaricom, largest mover of the day
Safaricom-Kenya
Kenyan Stock Market The NSE 20 rose by 0.28 points to close at 4744.95 while the NASI index gained 0....

Lufthansa adds Nairobi to its network of African gateways
Lufthansa-adds-Nairobi-to-its-network
Commencing on the 27th of October, Lufthansa will serve Nairobi with four weekly flights linking the Kenyan capital to Frankfurt, Lufthansa’s main ...

Impact of Tilisi and other upcoming satellite cities in the market
tilisi
Developers and the government are partnering to come up with satellite cities that will help decongest the capital city, Nairobi. The recent ...