Today is Thu, 21 Nov 2024
Trade and Financial Services Round Up
Latest Article 15 Nov 2024
Trade and Financial Services Roundup: Issue 46 of 2024
Kenya Three NSE stocks join Morgan Stanley small-cap index The Morgan Stanley Capital International (MSCI) index has added three NSE counters—Kenya Power, Carbacid Investments Plc, and Bamburi Cement Plc—to its small-cap index, increasing the stocks’ visibility to foreign investors. The inclusion of the three stocks brings the number of Kenyan companies on the MSCI […]...
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8 Nov 2024
Trade and Financial Services Round Up: Issue 45 of 2024
Kenya Borrowers hit as IMF opposes CBK’s plan to cut cost of loans The International Monetary Fund (IMF) has warned Kenya against a larger interest rate cut despite the fall in inflation to a 17-yea...
31 Oct 2024
Trade and Financial Services Round Up: Issue 44 of 2024
Kenya Kenya Power resumes dividends with Ksh 30B profit Kenya Power and Lighting Company(KPLC) has resumed paying dividends after a six-year hiatus, following a net profit of Ksh 30.08 billion in the ...
25 Oct 2024
Trade and Financial Service Round-Up Vol 43
Kenya Local investor activity climbs at NSE, foreigners retreat Local investors have gained prominence at the Nairobi Securities Exchange (NSE) over the past three months, reflecting reduced activity ...
18 Oct 2024
Trade and Financial Service Round Up: Issue 42 of 2024
Kenya CBK advances fast-payment system for seamless financial interoperability The Central Bank of Kenya (CBK) is advancing the development of a Fast-Payment System (FPS) to enable instant money trans...
11 Oct 2024
Trade and Financial Services Round-Up
Kenya Treasury turns up heat on KRA over leaky revenue systems The Kenya Revenue Authority (KRA) has come under scrutiny over its ability to plug tax leaks while failing to improve its systems and c...
4 Oct 2024
Trade and Financial Services Roundup: Issue 40 of 2024
Kenya Banks offered bond swap as KQ misses Ksh19bn loans deadline Top commercial banks will convert Ksh19.3 billion ($149.9 million) worth of loans advanced to Kenya Airways (KQ) into Treasury bonds a...
20 Sep 2024
Trade and Financial Services Round Up
Kenya Adani seeks KSh635bn from Kenyans for power lines, substations India’s Adani Group will seek KSh634.7 billion ($4.92 billion) from Kenyans over the next 30 years for building high-voltage powe...
13 Sep 2024
Trade and Financial Services Round-Up
Kenya Kenya’s imports from China surge to KSh258 billion amid SGR orders Kenya’s imports from China rebounded significantly in the past six months ending June 2024, marking the fastest gro...
8 Sep 2024
Trade and Financial Services Round-Up
Kenya How ministries spent KSh 27 billion on lavish travel A new report by the Controller of Budget (COB) has exposed how ministries spent KSh 27 billion on foreign travel despite State House directiv...
30 Aug 2024
Trade and Financial Services Round Up
Kenya NSE banks’ deposits expense rises 54p as rate hits 1998 level Kenyan banks listed on the Nairobi Securities Exchange (NSE) paid depositors Sh117.1 billion in the six months ended June 2024...
23 Aug 2024
Trade and Financial Services Round Up
Kenya State reduces cut on sugarcane prices amid farmers’ boycott threats The State has now set the national average price of sugarcane delivered to millers at KSh5,000 per tonne for August, walking...
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