Trends - Kenya - Business Recorder

Kenya

IMF approves $606m lending to Kenya

NAIROBI: The IMF said it has cleared $606 million in lending to Kenya as it struggles to pay off debts and boost...

Published 31 Oct, 2024 12:11pm

First consignment of tractors reaches Tanzania

ISLAMABAD: Pakistan has started export of tractors to an African country, Tanzania, with the first consignment of...

Updated 31 Oct, 2024 03:05pm

Life & Style

Spoon scratching: Kenya’s DIY DJ

NAIROBI: A spoon, some towel hooks, a piece of kettle and a plastic cap – that’s all you’ll need to make a mixing...

Published 04 Oct, 2024 12:37pm

World

Kenya asks IMF to review corruption issues after Western push

NAIROBI: Kenya’s government has asked the International Monetary Fund to conduct an official assessment of...

Published 04 Oct, 2024 06:46am

World

Kenya says it has given India’s Adani group contract to build power lines

NAIROBI: Kenya has awarded a public-private partnership concession to build power transmission lines to India’s...

Published 15 Sep, 2024 06:50pm

Business & Finance

IMF staff in Kenya for fact-finding mission after protests

NAIROBI: A team of staff from the International Monetary Fund is visiting Kenya on a fact-finding trip, the IMF said...

Published 13 Sep, 2024 03:10pm

World

Fire breaks out at another Kenyan school after 17 die in inferno

NAIROBI: A fire broke out at a girls boarding school in a town in central Kenya late on Saturday, leaving at least...

Published 08 Sep, 2024 02:42pm

World

Kenya school fire kills at least 17 children

NAIROBI: At least 17 children died after a fire ripped through their primary school dormitory overnight in central...

Published 06 Sep, 2024 12:25pm

S&P downgrades Kenya credit rating citing tax hike U-turn

NAIROBI: The US ratings agency S&P has downgraded Kenya’s credit rating, citing President William Ruto’s...

Updated 25 Aug, 2024 09:56am

World

Kenya police clear pockets of protesters in capital with tear gas

NAIROBI: Police fired tear gas to clear pockets of anti-government demonstrators from the centre of Kenya’s capital...

Published 08 Aug, 2024 05:48pm

World

Tight security in Kenyan capital ahead of new protests

NAIROBI: Kenyan police patrolled the streets of the capital Nairobi on Thursday, roadblocks were set up on major...

Published 08 Aug, 2024 11:46am

Pakistan

Arshad Sharif murder case: Absence of MLA with Kenya main hindrance, IHC told

ISLAMABAD: The Inspector General of Islamabad Police and the Head of Special Joint Investigation Team (SJIT) ...

Published 01 Aug, 2024 06:34am

Markets

Kenyan shilling unchanged versus dollar, LSEG data shows

NAIROBI: Kenya’s shilling was unchanged against the dollar on Monday, LSEG data showed. At 1100 GMT, the shilling...

Published 15 Jul, 2024 05:52pm

World

Kenyan president sacks cabinet, bowing to pressure from protests

NAIROBI: Kenyan President William Ruto on Thursday fired his entire cabinet apart from the foreign minister, bowing...

Published 12 Jul, 2024 05:48am

Business & Finance

Moody’s cuts Kenya debt rating further into junk

NAIROBI: Moody’s has downgraded Kenya’s debt rating further into junk territory and warned the outlook was negative...

Published 09 Jul, 2024 02:18pm

World

Kenya to borrow funds, spend less after scrapping tax hikes

NAIROBI: Kenyan President William Ruto on Friday announced fresh borrowing plans and spending cuts after contentious...

Published 08 Jul, 2024 06:09am

World

Under-fire Kenya govt says to review state salary hikes

NAIROBI: The Kenyan presidency said Wednesday it had ordered a review of salary increases for public servants in an...

Published 04 Jul, 2024 07:27am

World

Dozens protest in Kenya with riot police out in force

NAIROBI: Dozens of Kenyans took to the streets Tuesday under a heavy police presence, with many shops shuttered as...

Published 02 Jul, 2024 03:06pm

World

Kenya braces for fresh protests despite president’s tax climbdown

NAIROBI: Kenyan police put up roadblocks on streets leading to the presidential palace on Thursday as some...

Published 27 Jun, 2024 01:35pm

World

Kenyan protesters promise more rallies after deadly parliament violence

NAIROBI: Kenyan protesters vowed on Wednesday to keep up their demonstrations against new tax hikes, a day after...

Published 26 Jun, 2024 03:07pm

World

At least 10 dead as police fire at anti-tax protesters in Kenya

NAIROBI: At least ten people were shot dead in Kenya’s capital on Tuesday, a paramedic said, as protests against tax...

Updated 25 Jun, 2024 10:55pm

World

Kenya scraps most new tax hikes as hundreds protest

NAIROBI: Kenya’s government on Tuesday walked back plans to impose multiple tax hikes, the presidency said,...

Published 21 Jun, 2024 06:37am

Business & Finance

IMF reaches staff level agreement with Kenya, urges fiscal consolidation

NAIROBI: Kenya has reached a staff level agreement with the International Monetary Fund on Tuesday, the organisation...

Published 11 Jun, 2024 10:28am

Port of Mombasa: Kenya authorises release of 1,300 containers of Pakistani rice

ISLAMABAD: In a significant development for bilateral trade, the Kenyan government has authorised the release of...

Updated 08 Jun, 2024 12:31pm

World

Kenya floods death toll at 228 as crisis persists

NAIROBI: Kenya said Sunday that the death toll from weeks of devastating rains and floods had risen to 228 and ...

Published 06 May, 2024 05:30am

World

Death toll from Kenya floods rises to 228

NAIROBI: The number of people killed by flooding and other impacts of the heavy rains battering Kenya has risen to...

Updated 05 May, 2024 10:16pm

World

Kenya floods death toll tops 200 as cyclone approaches

NAIROBI: The death toll from flood-related incidents in Kenya has crossed 200 since March, the interior ministry...

Published 03 May, 2024 03:42pm

World

Flash floods, landslide kill at least 45 in central Kenya

MAI MAHIU (Kenya): Flash floods and a landslide in central Kenya killed at least 45 people and injured over 110...

Published 30 Apr, 2024 03:43am

World

Kenya delays schools reopening due to floods

NAIROBI: Kenya said Monday that it would postpone the reopening of schools by one week due to “ongoing heavy rains”...

Published 29 Apr, 2024 12:30pm

World

Kenya military chopper crash kills defence chief, senior officers

NAIROBI: Kenya’s defence chief and nine other top brass died on Thursday in a military helicopter crash in a ...

Published 19 Apr, 2024 05:07am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Budget 2024-25: income tax calculator for FY25

Kenya

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