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 Prices Surge Past $110 as Conflict in The Strait of Hormuz Intensifies
Global oil prices have surged past USD 110 a barrel, accompanied by a sharp downturn in stock markets, as the...
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
Oil Prices Surge Past $110 as Conflict in The Strait of Hormuz Intensifies
Global oil prices have surged past USD 110 a barrel, accompanied by a sharp downturn in stock markets, as the intensifying conflict between the United States, Israel, and Iran raises serious concerns regarding potential long-term...
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NSE Falls 3.6% as Blue Chips Drag Market Lower
The Nairobi Securities Exchange (NSE) concluded the week in bearish note with all major indices recording declining compared to the previous week. The Nairobi All Share Index (NASI) declined by 3.6% to 208.41 points from...
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364-Day Paper Dominates as CBK T-Bills Auction Records Strong Demand
The Central Bank of Kenya (CBK) Treasury bills auction in the tenth week recorded strong demand, with the offer receiving bids worth KES 100.4 billion against a target of KES 24 billion, translating to an...
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ALP Industrial REIT Attracts USD 29.55M in Offer, Reaching 115% Subscription
The ALP Industrial Real Estate Investment Trust (ALP Industrial REIT) recorded robust investor uptake ahead of its listing on the Nairobi Securities Exchange (NSE), highlighting increased market appetite for income-generating real estate assets. The restricted...
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Africa’s Trade Openness Declining Amidst the Pivot to Asia and Regional Integration
The Standard Bank Africa Trade Barometer (ATB) is a comprehensive trade index that was launched in 2022 to address the information vacuum in African trade data. The ATB is updated annually, and it provides a...
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