Schools in Kenya are scheduled to gradually reopen on Monday (Oct. 12) for Grade 4, Class 8 and Form Four learners after remaining shut for nearly seven months following their closure due to the Covid-19 pandemic. Officials of the Ministry of education said all arrangements had been put in place for the students to attend schools after the institutions remained shut for months since March. “The Ministry of Education notifies the public that the progressive re-opening of schools will commence with Grade 4 (Competency-Based Curriculum Class), Class 8 and Form 4 on Monday 12, Oct. 2020.” The Ministry indicated…
Author: David Indeje
Equity Group has entered into a loan agreement with French development institution Proparco of KSh10.8 billion for lending to small and medium-sized enterprises (SMEs). The project is expected to support 240 MSMEs and create more than 15,000 direct and indirect jobs. The agreement was signed in Paris on the sidelines of President Uhuru Kenyatta’s high-level trade delegation to France by Dr. James Mwangi and witnessed by Agence Française de Développement Group’s (AFD) CEO, Remy Rioux. This is Equity’s second edition of its partnership with Proparco of the current KSh2.4 billion ($22.8 million) loan granted in 2019 as part of broader…
The Kenya Revenue Authority (KRA) unveiled a mobile application as part of its efforts to simplify and enable taxpayers to conveniently access tax services. During the launch of 2020 Taxpayers Month held on 5th October 2020, KRA officially unveiled the mobile application branded KRA M-Service App. The App will enhance taxpayers’ compliance by simplifying access to services such as PIN registration and verification, filing of returns, and payment of tax. This is part of KRA’s tax compliance strategy to ensure that all eligible taxpayers pay their taxes. “The Application will enable taxpayers to access KRA services on the go, subsequently…
In 2018, KQ marked a milestone by becoming the first airline in East Africa to offer direct, non-stop flights from Jomo Kenyatta International Airport, Nairobi, to John F. Kennedy International Airport, New York.
Buoyed by accelerated increases in new orders and production, Kenya’s private sector in September grew the fastest rate since April 2018. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) jumped to 56.3 in September, from 53.0 in August, its highest level since April 2018. Any reading above 50 indicates growth. The index rose from 53.0 in August and marked the third successive expansion since the downturn caused by the COVID-19 outbreak. “With the government easing lockdown restrictions during the third quarter of the year, firms saw a release of pent-up demand as clients largely returned to markets,” the survey…
Trading at the Nairobi Securities Exchange (NSE) remains depressed due to the cautious stance being taken by investors says Genghis Capital. During the week ending Oct 2., the market recorded mixed performances, with NSE 20 recording marginal gains of 0.3 performance while NASI declined by 0.1 percent. The NSE 25 on the other hand, remained unchanged from the previous week. NASI performance was driven by losses recorded by large-cap stocks such as ABSA, EABL and Co-operative Bank, which declined by 2.0 percent, 1.8 percent and 1.7 percent, respectively. “The decline was however mitigated by gains recorded by other large-cap stocks…

