AFRICAN MARKETS
NSE Falls 0.6% in Broad Market Decline Despite Higher Activity
The Nairobi Securities Exchange (NSE) closed today’s session in the red despite an increase in trading activity. The bourse’s major...
BUSINESS NEWS
Gulf African Bank Sees 57.7% Stake Shift in Strong Investor Confidence Signal
Kenya’s leading Shariah-compliant lender, Gulf African Bank has announced changes in its shareholding structure following the completion of acquisitions of...
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
WPP Scangroup PLC Reports Widening Losses for FY 2025 Amid Revenue Declines
The audited financial results for WPP Scangroup PLC for the fiscal year ended December 31, 2025, saw Scangroup’s revenue fall...
GLOBAL MARKETS
Oil Prices Rise Amid Middle East Tensions and Closure of the Strait of Hormuz
Friday, oil prices experienced an increase amid ongoing tensions in the Middle East, which continue to fuel concerns over energy...
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
Banks Apply Premiums of Up to 16.57% as New Loan Pricing Takes Effect
A recent analysis of current lending data reveals that commercial banks are applying premiums ranging from 4.11 percent to 16.57 percent on personal loans before the inclusion of fees and other charges, hence exposing significant...
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Gulf African Bank Sees 57.7% Stake Shift in Strong Investor Confidence Signal
Kenya’s leading Shariah-compliant lender, Gulf African Bank has announced changes in its shareholding structure following the completion of acquisitions of significant stakes by Soren Investment Company and Auron Holdings. Soren Investment acquired a 42.78% stake...
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WPP Scangroup PLC Reports Widening Losses for FY 2025 Amid Revenue Declines
The audited financial results for WPP Scangroup PLC for the fiscal year ended December 31, 2025, saw Scangroup’s revenue fall by 16.33%, dropping from KES 2.44 billion in 2024 to KES 2.04 billion in 2025....
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Oil Prices Rise Amid Middle East Tensions and Closure of the Strait of Hormuz
Friday, oil prices experienced an increase amid ongoing tensions in the Middle East, which continue to fuel concerns over energy security. The situation has been exacerbated by the seizure of vessels by both the United...
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Central Bank of Kenya (CBK) Targets KES 80 Billion in Re-Opened 20-Year and 25-Year Treasury Bond Auction
The Central Bank of Kenya (CBK) has invited bids for the re-opening of three long-term fixed coupon treasury bonds to raise a total of KES 80 billion. The proceeds from this auction are earmarked for...
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