Investors’ wealth at the Nairobi Securities Exchange (NSE) plunged Sh95 billion as local traders raced to profit from stocks bought cheaply a month ago. The NSE’s market capitalization closed at …
Category:
Eastern Africa
The International Monetary Fund (IMF) has approved USD 235.6mn (Sh28 billion) loan which will be directed towards budgetary support, to improve governance and support broader economic reforms. This becomes the …
- AfricaAgricultureEastern AfricaFood ProductionKenya
Coffee prices rally on high demand as tea record marginal decline
The commodity markets registered a mixed fortune in the latest auction with coffee prices rising for a second time in a row while tea fell marginally. According to the Nairobi …
- AfricaBusinessEastern AfricaKenya
Novek to receive share of $1 million Mastercard Strive Community grant
Novek, an Internet-of-Things (IOT) company has been announced as one of eight global recipients of the inaugural round of grants from the Strive Community Innovation Fund. The UK-based company working …
Total Kenya has been ordered to pay a contractor more than Sh600,000 for works carried out in one of its service stations, which the oil company declined to pay, arguing …
- AfricaBusinessEastern AfricaFood ProductionKenyaNewsTrending Today
State eases maize flour prices to Sh100 until elections
The government has subsidised the price of maize flour to Sh100 for a two-kilogramme packet in a deal with millers aimed at diffusing public outrage over the high cost of …
- AfricaBusinessEastern AfricaHospitality, Travel & TourismKenya
Kenya Airways suspends London route ticket sales
Kenya Airways has suspended the sale of tickets from London to Nairobi, as pressure from the Heathrow crisis hits the national carrier. The suspension follows a directive by Heathrow Airport …
Kenya’s population is expected to reach 84.7 million by 2050 and grow to 112.4 million people by 2100 according to data from the UN Department of Economic and Social Affairs. …
- AfricaBusinessEastern AfricaKenya
MultiChoice file contempt suit against Jamii Telecom over piracy sites
MultiChoice Kenya on Saturday filed contempt of court proceedings after Jamii Telecom Limited defied High Court orders to block 141 sports pirating websites. Despite being granted 72 business hours, up …
- AfricaBusinessEastern AfricaKenyaTransportation & Logisitics
Kenya, Somalia resume flights and trade in Miraa
Kenya and Somalia have announced the resumption of normal business between Nairobi and Mogadishu after a brief hiatus. In a joint communiqué released after a meeting between President Uhuru Kenya …