Kenya Ports Authority gantry cranes offloading containers at the Port of Mombasa. In the last year, the government has made significant investments in infrastructure targeted to boost the fortunes of the blue economy. The country has forayed into ship-making, launched Lamu Port and revamped Kisumu Port, all aimed at reaping more from the nascent sector. […]
KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
Kenya Airways Boeing 737-800 © Tis Meyer (PlanePics.org) Kenya Airways (KQ, Nairobi Jomo Kenyatta ) is planning to downsize its fleet to 30 aircraft, a move that may see more staff lay-offs as the flag carrier looks to cut costs, reports Kenya’s The Star newspaper. This was in line with a recovery-and turnaround plan completed […]
[L – R]: MarketForce co-founders, Mesongo Sibuti and Tesh Mbaabu The funding round was led by V8 Capital Partners, a London and Lagos based African-focused investment vehicle. This latest round brings the total funds raised by MarketForce to date to $42.5 million. Ken Njoroge, co-founder and former CEO of Cellulant, also participated in the round […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
TotalEnergies Kenya in partnership with Toyota Kenya has launched the second edition of the skill-based competition for motor vehicle mechanics in the country. The initiative which started in 2019 is aimed at equipping mechanics with engine oil knowledge, vehicle diagnostic and servicing skills. Dubbed "QUARTZ Golden Spanner Competition", it is scheduled to run until May […]
Data expert with hands in digital financial sector for over a decade in East Africa, Hartnell Ndungi, advised bankers in Ethiopia to serve the huge Micro, Small and Medium Enterprises (MSMEs) in Ethiopia by starting small and slowly uncollateralized digital lending in partnership with IT companies. In Kenya there is no single bank that doesn’t […]
Technology adeptness has come at a price for workers as more jobs are taken up by machines. [Courtesy] Technology continues to revolutionalise the workplace, with companies becoming more efficient and effective. But this adeptness has come at a price for workers more jobs are taken up by machines. For instance, agricultural firm Sasini in its […]
Kiharu MP Ndindi Nyoro (left) and Kenya Power building in Nairobi CBD. Annual Report and Financial Statements show that Kiharu Member of Parliament Samson Ndindi Nyoro is among the top individual shareholders at the troubled Kenya Power and Lighting Company – KPLC . The company’s annual report dated 30th June 2021 revealed that the lawmaker […]
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