Kenya is already exporting titanium. Moreover, in the last two years the country has struck commercially viable deposits of oil and coal among other minerals. The need to share the ‘mining cake’ without causing conflict is necessary if Kenya is to enjoy the fruits of its natural resources.
Uganda sugar barons want full access to Kenya market In what could compound local sugar millers’ problems, Uganda barons are demanding full access to the Kenya market — based on the East African Community’s free market rule. “… Sugar from other countries in SADC and Comesa — which are not…
Mumias Sugar Company Limited (MSC) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 1.70, up 9.68% from Friday’s close of KES 1.55. Home Afrika also saw its closing price appreciate by 6.02%…
Governance, politics and the economy are intertwined. Onyango Ochieng Jr writes on the political scenario in Kenya. Intolerance is the most lethal weapon in the hands of political demagogues, who incidentally ride on the backs of paranoid Kenyans with insatiable appetite, unfortunately to blame, others for everything wrong with their lives.
President Uhuru Kenyatta to open investment forum Kenya is set to host its first two-day investment conference in Nairobi this week as the State intensifies its efforts to woo foreign investors. About 2,000 potential investors from over 100 countries are expected to attend the event at the Kenyatta International Convention…
Uchumi Supermarkets Limited (UCHM) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 9.20, up 9.52% from yesterday’s close of KES 8.40. This was 20 cents higher than its rights issue price of KES…
Treasury aims to raise KES 15bn with reopening of 15-year paper The National Treasury is seeking to raise KES 15 billion in a 15-year bond sale. The fixed-income paper, which offers 10.25% as interest payable twice a year, closes next Tuesday, November 18. The Treasury has avoided offering such long-dated securities to…
Kenya Airways Limited (KQ) was the top loser at the Nairobi Securities Exchange (NSE) based on its closing price . It shed 15.34% to KES 8.00 from yesterday’s close of KES 9.45. This was after it announced an…
Tullow moves to appease locals with car lease contracts British exploration firm Tullow Oil has stepped up efforts to ease tension between the company and Turkana residents with the award of KES 225 million car-lease contracts to 36 local companies. Protests by locals demanding more jobs and business opportunities at the…
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Kakuzi Limited (KUKZ) was the top gainer. It rose 7.69% to KES 210.00 compared to its previous close of KES 195.00. Since the beginning of the year the…