The bourse opened the trading session this year with investors exhibiting high appetite for stocks after posting a record 2.5bn/- during the first week of the year. DSE’s weekly market report said the volume of shares traded was 2,051,835 with NMB Bank Plc accounting for 51.1 percent or 271,800 shares traded. Meanwhile, an Orbit Securities […]
Tag: XUGA_NMG
Kenya extends Dubai flight ban as stalemate continues
An Emirates Airlines plane. FILE PHOTO | NMG The Kenya Civil Aviation Authority (KCAA) Monday issued the order extending the Dubai fights suspension until January 24, 2022 after the two nations failed to reach a settlement. KCAA director-general Gilbert Kibe says he has opened talks with his counterpart in Dubai to lift the ban failing […]
Kenya’s passport eighth most powerful in Africa
A Kenyan passport. FILE PHOTO | NMG Kenya’s passport is now the eighth most powerful in Africa and 71 globally after its mobility score improved six places in the latest ranking. The Henley Passport Index Report released on Monday shows that the number of countries that Kenyans can visit without a visa, or obtain it […]
Debt servicing, weak shilling cut Kenya’s net foreign assets by $763m
A trader at Muthurwa market in Kenya’s capital Nairobi counting money after the day’s sales. The local currency has depreciated to trade at 113 units to the dollar from 100 units to the greenback in February 2020 – a month before the country registered its first case of coronavirus. PHOTO | FILE | NATION MEDIA […]
Garden City eyes Sh226m rent as tenants fill space
A view of Garden City Mall along Thika superhighway on February 15, 2021. PHOTO | LUCY WANJIRU | NMG British private equity investor Actis is set to bank Sh226 million ($2 million) annually in rent from the Garden City Business Park on Thika Road, which is nearly fully occupied after bagging two new corporate tenants. […]
KRA nets 70,000 tax cheats from third party data sources
Kenya Revenue Authority headquarters in Kenya’s capital Nairobi. The taxman says access to the metering database at Kenya Power has proved effective in nabbing property developers who have been evading taxes. PHOTO | FILE | NMG The Kenya Revenue Authority has singled out data on persons applying for electricity as the major source of information […]
KRA nets 70,000 tax cheats from third party data sources
Kenya Revenue Authority headquarters in Kenya’s capital Nairobi. The taxman says access to the metering database at Kenya Power has proved effective in nabbing property developers who have been evading taxes. PHOTO | FILE | NMG The Kenya Revenue Authority has singled out data on persons applying for electricity as the major source of information […]
Where investors reaped big in 2021
Dar es Salaam. When the year 2021 started, a share of the Tanga Cement Company Ltd (TCCL) at its Dar es Salaam Stock Exchange (DSE) trading counter was selling at Sh500. At the close of the year, the same share was being sold at Sh1,100, more than twice as much in value. The appreciation in […]
Kenya suspends all passenger flights from Dubai
An Emirates Aircraft. FILE PHOTO | NMG Kenya has suspended all inbound and transit passenger flights from the United Arabs Emirates (UAE) to retaliate against a move by Dubai to ban all passenger flights from Kenya over fake Covid tests. Kenya Civil Aviation Authority (KCAA) Director-General Gilbert Kibe told The EastAfrican Tuesday that the suspension […]
Airtel Kenya surviving on hefty shareholder loans
An Airtel shop. Airtel Kenya is surviving on a series of shareholder loans from its parent company, records show. PHOTO | FILE | NMG Kenya’s second-biggest telco has revealed that the shareholder loans from its holding firm Bharti Airtel Kenya BV shot up in the year ended December 2020. These shareholder funds, Airtel said, are […]