KEY POINTS Sasini was the top gainer of the day with 6.82 percent at the price of 18.00 shillings per share followed by Total Kenya with 5.60 percent at the price of 25.45 shillings per share. Stocks are a popular avenue for investment, but it’s far from the only option. Depending on your needs, income […]
Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through a rebasing similar to the one conducted in 2014. The expected resultant higher GDP figures will help improve Kenya’s debt-to-GDP ratios and can, therefore, be applied by the country to justify the […]
Farmers may yet find a solution above ground, with tower gardens. That is if cousins and proprietors of Vertical Gardens, an alternative farming solutions company, have any say in the matter. Fred Muthiga and Fred Kimani came together in 2012 after they perceived a gap in the market for farmers who could not afford vast […]
Treasury Cabinet Secretary Ukur Yatani at the launch of the 2020 Economic Survey at the Treasury Building in Nairobi on April 28, 2020. PHOTO | EVANS HABIL | NMG Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through a rebasing similar […]
Sitoyo Lopokoiyit is the Managing Director, M-PESA Africa and acting Chief Financial Services Officer at Safaricom. Sitoyo Lopokoiyit has been appointed as the M-Pesa Africa managing director effective April 1, 2021. CEO Peter Ndegwa said Safaricom will initiate the relevant talent sourcing processes to identify and appoint the next Financial Services leaders in due course. […]
Kenya Power engineers carry out maintenance work at a power sub-station in Mombasa The Kenya Power Company is expected to lose its largely monopolistic market power with more firms moving to solar energy in a bid to cut electricity expenses. Kenya Tea Development Agency (KTDA) is the latest firm that has applied for a licence […]
Kenya is set to float another euro bond worth approximately 124 billion shillings in a bid to tame mounting pressures to meet the country’s growing debt obligations. treasury cabinet secretary ukur yattani acknowledged that Kenya will go back to the international financial markets to secure additional funding if they do not get enough cheap loans […]
KEY POINTS A retirement benefits scheme is a savings avenue that allows contributing individuals to make regular contributions during their productive years into the scheme and thereafter get income from the scheme upon retirement. A retirement benefits scheme is a savings avenue that allows contributing individuals to make regular contributions during their productive years into […]
The move is expected to help tea factories cut nearly 50 per cent of their power bills. [Courtesy] Kenya Power is expected to feel the heat as more firms switch to solar to cut electricity bills. Barely do weeks lapse without a company applying for a licence to generate its power using solar. The firms […]
Newly rebranded Matasia petrol station/RUBIS French energy firm Rubis Energy plans to pump in $900 million (about Sh98.7 billion) in its operations in Kenya over a five year period, as it rebrands KenolKobil and Gulf Energy outlets. The oil firm is investing in the storage, distribution and sale of petroleum and liquefied petroleum gas in […]
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