(NEW YORK, US) – Foreign investors sold KES4.55 billion ($27.9 million / £22.9 million) worth of shares on the Nairobi Securities Exchange in August, the largest monthly outflow in 10 months, as they moved to lock in profits from a sharp rally in blue chip stocks. Net sales by foreignContinue Reading
(MOMBASA, KENYA) – The 123rd Mombasa International Show opened on Thursday at the Mkomani Show grounds in Nyali with a focus on climate smart agriculture and trade initiatives for sustainable economic growth. This year’s event has attracted more investors than the 180 who participated last year. Mombasa County Deputy GovernorContinue Reading
(NAIROBI, KENYA) – Kenyan banks will expand lending to green enterprises under a five year partnership between the Global Green Growth Institute and the Kenya Bankers Association signed in Nairobi. The two institutions signed a Memorandum of Understanding to strengthen sustainable finance, promote green investment and mobilise public and privateContinue Reading
(MAGADI, KENYA) – Kenya plans to redirect its soda ash output toward domestic manufacturing in a move aimed at building local industry and reducing reliance on raw material exports. Principal Secretary for Industrialisation Dr Juma Mukhwana said the government wants investors to set up glass and chemical manufacturing plants aroundContinue Reading
(NAIROBI, KENYA) – Plans to build Kenya’s first nuclear power plant in Siaya County have drawn opposition from residents and academics who want the project halted pending full public consultation and independent safety reviews. The proposed facility would be located at Lihundu Beach in Bondo Sub County with construction expectedContinue Reading
(NAIROBI, KENYA) – Kenyan apparel exporters secured a two year extension of duty free access to the United States market after Washington renewed the African Growth and Opportunity Act to 31st December, 2028. The extension keeps in place the third country fabric provision which allows Kenyan manufacturers to source rawContinue Reading
(NAIROBI, KENYA) – Investors in six suspended stocks at the Nairobi Securities Exchange are demanding answers from the Capital Markets Authority over delays in resolving receiverships. The stocks of Mumias Sugar, ARM Cement and Deacons East Africa have now been frozen from trading for eight years. The six suspended stocksContinue Reading
(NAIROBI, KENYA) – Isuzu East Africa booked revenues of KES1.49 billion ($9.6 million / £7.6 million) from the sale of 159 units of the Kipchoge Limited Edition D-Max pick-up. Production of the special model has ended after 40 months. It marks the most successful and quantifiable product marketing built onContinue Reading
(NAIROBI, KENYA) – NCBA Group shareholders who sold a 66% stake to Nedbank have booked a capital gain of KES21.4 billion ($138 million / £109 million) on the 43.63 million discounted shares of the South African bank. The gain comes after a rally in Nedbank shares since the conversion rateContinue Reading
(BUSIA, KENYA) – The KES500 million Nasewa County Aggregation and Industrial Park project in Busia County has resumed after challenges that had halted progress. Officials project completion within one month. The project cost is equivalent to about $3.2 million / £2.6 million. Speaking at the project site after an assessmentContinue Reading
