AFRICAN MARKETS
NSE Market Report: Bourse on Bearish Note, NASI falls 0.3%
The Nairobi Securities Exchange (NSE) closed today’s session in a bearish note with all major indices easing. The Benchmark, Nairobi...
BUSINESS NEWS
PMI Drops to 50.4 in February as Kenya’s Economy faces Near Stagnation
The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) dropped for the third consecutive month, falling to 50.4 in February from...
ASIAN MARKETS
Asian Markets Rise as Japan’s Nikkei Surges to Record High on Takaichi’s LDP Takeover
Bond markets responded across Asian Markets with upward pressure on yields. Japan’s 30-year government bond yield rose over 10 basis...
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CORPORATE NEWS
Kenya Pipeline IPO Surpasses Target, Records 105.7% Subscription
The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) posted a strong performance, surpassing the National Treasury’s target of KES...
GLOBAL MARKETS
Oil Surges as Conflict Disrupts Shipping Through the Strait of Hormuz
Oil prices rose for the third consecutive day on Tuesday, driven by escalating conflict between the United States and Israel...
CRYPTO CURRENCIES
United Nations Urge Kenya Implement Cryptocurrencies Tax Regulations.
The UN trading agency also directed that banks and related organizations should be advised not to hold cryptocurrencies and related...
LATESTNEWS
Kenya Airways (KQ) Announces Board Restructuring with 4 New Appointments
Kenya Airways Plc (KQ) has announced the appointment of four distinguished professionals to its Board of Directors. The new members bring extensive experience in business leadership, economic policy, academia, and corporate governance at a critical...
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Kenya Pipeline IPO Surpasses Target, Records 105.7% Subscription
The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) posted a strong performance, surpassing the National Treasury’s target of KES 106 billion, recording an overall subscription rate of 105.7%. The offer, which floated 11.81 billion...
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NSE Market Report: Bourse on Bearish Note, NASI falls 0.3%
The Nairobi Securities Exchange (NSE) closed today’s session in a bearish note with all major indices easing. The Benchmark, Nairobi All Share Index (NASI) slipped by 0.3% to close at 207.67 points from 208.22 points...
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Absa Bank Kenya Delivers 9.7% Profit Growth in FY2025, Lifts Dividend 17% YoY
Absa Bank Kenya PLC reported a 9.7% increase in profit after tax to KES 22.9 billion in FY2025, up from KES 20.9 billion recorded in FY2024, supported by a significant decline in operating expenses. Total...
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PMI Drops to 50.4 in February as Kenya’s Economy faces Near Stagnation
The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) dropped for the third consecutive month, falling to 50.4 in February from 51.9 in January. The Kenyan private sector narrowly avoided a total contraction in February 2026....
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