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Weekly Trade Round Up
Latest Article 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 year ended June. The electricity distributor will pay a dividend of Ksh 0.70 per share, amounting to a total of Ksh 1.3 billion, […]...
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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 ...
27 Sep 2024
Trade and Financial Services Roundup
Kenya Kenya close to agreeing to KSh194.4 billion budget support loan from UAE Kenya is nearing an agreement for a $1.5 billion budget support loan from the United Arab Emirates (UAE) to help stabil...
9 Aug 2024
Trade and Financial Services Round Up
Kenya. Treasury eyes Sh78bn in new IMF budget support The Government is eying a drawdown of about $600 million (Sh77.9 billion) from the International Monetary Fund (IMF) when the institution’s exec...
28 Apr 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Wage bill lie: The policies and doublespeak stoking crisis A presidential task force in 2014 recommended at least 75 State corporations be abolished. Instead, 87 new parastatals have be...
6 Nov 2023
TRADE AND FINANCIAL SERVICES ROUND-UP
KENYA Banks seek review of law on filing taxes every five days The banking sector wants Parliament to review a new law requiring firms in sectors with a high risk of under-declaring taxes to pay dues ...
14 Aug 2023
Trade and Financial Services Round-Up
KENYA Shilling wipes out Sh13bn payout to foreign investors The sharp depreciation of the Kenyan shilling against the dollar has hit foreign-owned firms and investors with steep exchange losses on exp...
7 Aug 2023
Trade and Financial Services Round-Up
KENYA Investors Suffer Sh5 billion losses in bond sales Bond investors recorded net capital losses of Sh5.1 billion when selling their securities in the secondary market on the Nairobi Securities Exch...
8 May 2023
TRADE & FINANCIAL SERVICES ROUND UP
Kenya The burden of beauty: Wigs, false beards and eyebrows hit with 5pc tax Millions of consumers of beauty products such as wigs and false beards and eyebrows in the country could pay more for the i...
26 Apr 2023
FINANCIAL SERVICES AND TRADE ROUND-UP
Kenya Rich investors to buy extra shares without CMA approval Investors will be free to buy stakes of up to 30 percent in listed companies without the approval of the Capital Markets Authority (CMA), ...
18 Apr 2023
POLITICAL, TRADE AND REGULATORY ROUND-UP
Kenya Sakaja’s plan to split Nairobi into boroughs to cost Sh2bn The Nairobi City County government will spend a total of Sh2.039 billion to establish five administrative boroughs and run functi...
31 Mar 2023
President Ruto saves Airtel Kenya, Amazon from forced stake sale
Kenya President Ruto saves Airtel Kenya, Amazon from forced stake sale Airtel Kenya has been saved from forcibly selling a third of its stake to local investors after US tech giant Amazon successfully...
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