EABL banks on e-commerce to withstand COVID-19 impact on sales

By Kepha Muiruri,

The East African Breweries Limited (EABL) has put its faith on e-commerce to stay afloat amidst dwindling sales resulting from Covid-19 related restri...

coronavirus , COVID-19 , eabl

SIB forex fund delivers 20 per cent half-year return

By Kepha Muiruri,

Kenya’s premier regulated online forex trading money fund-Mansa X delivered a 20.3 percent return in six months through to June 30,2020. The fund...

Mansa X , standard investment bank

EACC investigating top KEMSA officials over Ksh.7.7 billion tender for COVID-19 PPEs

By Sam Gituku,

The Ethics and Anti-Corruption Commission (EACC) is investigating top officials at the Kenya Medical Supplies Authority (KEMSA) in relation to a contr...

COVID-19 , Dr. Jonah Manjari Mwangi , EACC , kembi Gitura , KEMSA , PPEs

Safaricom, EABL leads NSE rebound

By Kepha Muiruri,

The stocks of Safaricom and the East African Breweries Limited (EABL) have led the rebound witnessed at the Nairobi Securities Exchange (NSE) from the...

COVID-19 , Nairobi Securities Exchange (NSE)

Eyes on new-loans growth as CBK stages rate meeting

By Kepha Muiruri,

The focus of the Central Bank of Kenya (CBK) is expected to be on the growth of loans to Kenyans when it hosts its policy setting meeting on Thursday....

Central Bank of Kenya (CBK) , government borrowing , private sector credit

Jumia launches 8th Anniversary campaign to support sellers

By Benjamin Muriuki,

Kenya’s leading e-Commerce platform Jumia will mark its 8th Anniversary by celebrating consumers and communities through tailored campaigns in the e...

Mitumba dealers seek lift to ban on second-hand clothes imports

By Kepha Muiruri,

Mitumba dealers are seeking for a lift to the ban on second-hand clothes imports forced upon by the Covid-19 pandemic. The Mitumba Association of K...

COVID-19 , Mitumba

Risk of new lockdowns rises with fear of second COVID-19 wave

By Reuters,

Fears of a second COVID-19 wave of infections shut six major food markets in Beijing on Friday, while India, which opened up this week, recorded a rec...

coronavirus

Oil marketers in Kenya under fire over hoarding fuel stocks in anticipation of price increase

By Kepha Muiruri,

Oil Marketing companies (OMCs) are once again on the spot as they now hold back stocks of fuel in anticipation of a price increase in the next maximum...

EPRA , fuel prices

Genghis enters online FX dealings in collaboration with EGM Securities

By Kepha Muiruri,

Investment bank Genghis Capital will now deal in a wider range of alternative asset classes including online currencies in a new partnership with EGM ...

EGM Securities , Genghis Capital

Commercial banks stock of bad loans rise to a 13.1 percent high

By Kepha Muiruri,

The quality of assets inside Kenyan banks has continued to deteriorate this year with the stock of bad loans held surging to 13.1 percent in April. ...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , non-performing loans

Super Petrol prices decrease by Ksh.9.54 per litre

By Kepha Muiruri,

Super Petrol and Diesel prices have decreased by Ksh.9.54 per litre and Ksh.19.19 per litre respectively. In its monthly review, the Energy and Pet...

Energy and Petroleum Regulatory Authority (EPRA) , petrol

Coronavirus pandemic deepens Kenya’s debt wound

By Kepha Muiruri,

The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...

coronavirus , debt , Ukur Yatani

Oil marketers conspire to raise fuel prices as Kenyans brace for tough times ahead

By Kepha Muiruri,

Oil marketers have made an attempt to manoeuvre existing marketing rules to retain higher fuel costs to Kenyans this month, denying relief to consumer...

EPRA , fuel prices , KenolKobil , oil prices

Panic selling wipes out Ksh.11.2 billion NSE foreign investor wealth

By Kepha Muiruri,

Panic selling arising from the Covid-19 pandemic wiped out Ksh.11.2 billion in foreign investor wealth from the Nairobi Securities Exchange (NSE) betw...

Capital Markets Authority (CMA) , Covid-19 pandemic , Nairobi Securities Exchange (NSE)

HIV drugs being sold on a Russian blackmarket as coronavirus treatment

By Tonny Ndungu,

A black market has developed in Russia for an antiviral HIV drug explored as a possible treatment for COVID-19, the respiratory disease caused by the ...

coronavirus

NSE listed firms lose 21 percent of value in three months

By Kepha Muiruri,

Companies listed in the Nairobi Securities Exchange (NSE) lost 21 percent of their values in the first three months of the year as the domestic equiti...

coronavirus crisis , Nairobi Securities Exchange (NSE)

OPINION: How will communities without a safety net navigate these times?

By Guest Writer,

The spread of the coronavirus is the most serious global health security threat in decades. With restrictions imposed to curb the spread of the COV...

coronavirus , curfew , social distancing

Panic buying, lockdowns may drive world food inflation – FAO

By Reuters,

Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grain...

coronavirus , FAO , Inflation

Two charged with selling fake coronavirus self test kits

By Dzuya Walter,

Two people arrested for allegedly publishing a false advert on social media claiming to have coronavirus self-test kits were on Tuesday arraigned and ...

coronavirus , COVID-19 , Milimani Law courts