AFRICAN MARKETS
NSE Closes in the Green as Safaricom, Equity and KCB Lift NASI by 0.7%
The Nairobi Securities Exchange (NSE) trended upward in today’ session with all key performance indicators closing in the green. The...
BUSINESS NEWS
NSE Gains 0.6% as KCB, Equity and Safaricom Lift Equities
The Nairobi Securities Exchange (NSE) closed today’s session on a positive note, with all key indices recording broad-based gains. The...
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
Absa Bank Receives Approval to Acquire StanChart Uganda’s Retail and Wealth Banking Business
Absa Bank Uganda has received approval of the Bank of Uganda (BoU) to acquire Standard Chartered Bank Uganda’s wealth and...
GLOBAL MARKETS
NSE Week 22: Banking Stocks Drag NASI Lower Despite 76.4% Surge in Turnover
Equities at the Nairobi Securities Exchange (NSE) closed the 22nd week of the year 2026 in negative territory, with 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
NSE Gains 0.6% as KCB, Equity and Safaricom Lift Equities
The Nairobi Securities Exchange (NSE) closed today’s session on a positive note, with all key indices recording broad-based gains. The Nairobi All Share Index (NASI) closed at 209.40 points, up 0.6% from the previous session,...
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KBA Urges CBK to Raise Interest Rates Ahead of June 9 MPC Meeting
The Kenya Bankers Association (KBA) has called on the Central Bank of Kenya (CBK) to raise the policy rate in its Monetary Policy Committee (MPC) meeting scheduled for June 9, 2026, citing rising inflationary pressures...
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Stanbic PMI Slumped to 46.6 in May as Kenyan Private Sector Faces Sharpest Downturn
The headline Stanbic PMI (Purchasing Managers’ Index) plunged to 46.6 in May 2026, still struggling to cross the critical 50.0 neutral threshold. This represents a sharp drop from the 49.4 recorded in April and marks...
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Absa Bank Receives Approval to Acquire StanChart Uganda’s Retail and Wealth Banking Business
Absa Bank Uganda has received approval of the Bank of Uganda (BoU) to acquire Standard Chartered Bank Uganda’s wealth and retail banking business. The clearance follows StanChart’s announcement in 2024 that it was exploring the...
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Spiro’s $215 Million Funding Boost Powers Africa’s Green Transport
Spiro has secured a landmark $215 million (approximately KES 28 billion) equity funding round to accelerate the expansion of its electric vehicle (EV) and energy infrastructure across Africa. This significant capital injection, backed by major...
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