Month: July 2020

Old Mutual and Seed International said in separate e-mailed statements that they would comply with an order issued by finance ...

The idea was boosted by passage of The Public Procurement and Disposal (Amendment) Bill, 2013 which provided that women, youth ...

Oil prices were up in the afternoon of Asian trading hours, with international benchmark Brent crude futures adding 0.47% to $43.14 per ...

The Dow Jones Industrial Average fell 225.92 points, or 0.85%, to 26,313.65, the S&P 500 lost 12.22 points, or 0.38%, ...

The derivatives market of the NSE had 5 contracts valued at Kes 141,500 concluded in today's trading session. This was ...

Ndegwa said Nganga took up leadership reins at a time when government was starting to  process of offering 25% of ...

The Japanese yen traded at 105.03 per dollar following its strengthening earlier in the trading week from levels above 105.3 against the ...

The Dow Jones Industrial Average rose 160.29 points, or 0.61%, to 26,539.57, the S&P 500 gained 40 points, or 1.24%, ...

East African Breweries Limited (EABL) recorded a 9% decline in net sales for the financial year ended 30 June 2020, ...

The derivatives market of the NSE had 4 contracts valued at Kes 114,000 concluded in today's trading session. These were ...

The future of Kenya’s largest mining company Base Titanium hangs in the balance due to depleting minerals and delays in ...

The company said its net proceeds from the Kantar deal stood at Sh5 billion. The transaction involved the sale of ...

 The Japanese yen traded at 105.04 per dollar after strengthening from levels around 105.60 against the greenback yesterday. The Australian dollar changed hands at ...

Data released in the morning showed U.S. consumer confidence ebbed in July as coronavirus infections flared up across the country.

The secondary bond market on the Nairobi Securities Exchange soared in activity during today’s session with bonds worth Kes 6.2 Billion ...

Eligibility of the financing plan will be based on customer credit score. The subscriber will need a history with Safaricom ...

During 2Q2020, bond market turnover decreased by 13.50% with 137 billion worth of bonds traded compared to 158 billion traded ...

The Japanese yen traded at 105.27 per dollar after it strengthened from levels above 105.7 yesterday. The Australian dollar was ...

Investors kept their eye on earnings, with 189 S&P 500 companies scheduled to report results this week. About 80% of ...

New aircraft demand is likely to recover even slower than passenger demand, and there are substantial risks that Airbus and ...

The Central Bank of Kenya in June revealed that the ratio of non-performing loans stood at 13.1 percent, the highest ...

The Derivatives markets of the Nairobi Securities Exchange closed Monday's session with no contracts concluded. This is from the 6 contracts ...

Oil prices dipped in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.35% to $43.19 ...

The renminbi declined following the escalation in U.S.-Beijing tensions, losing 0.4% against the greenback and closing at 7.018 for the ...

Market sentiment, as measured by market breadth, closed positive with the NSE closing the last trading day with 23 gainers ...

The Dow Jones Industrial Average fell 182.44 points, or 0.68%, to 26,469.89, the S&P 500 lost 20.03 points, or 0.62%, ...

The Secondary bond market on the Nairobi Securities Exchange recorded a increase in activity with bonds worth Kes 3.23 Billion ...

The budget support intervention, will help boost the Malawi National COVID-19 Preparedness and Response Plan that has been developed with ...

The Kes 9 per share for the financial year ended December 2019 will be paid despite the shareholders not approving ...

The Japanese yen traded at 106.39 per dollar, after wavering between 106 and 107 for most of this week. The Australian dollar slipped below ...

The S&P 500 posted 51 new 52-week highs and no new lows; the Nasdaq Composite recorded 103 new highs and ...

The Secondary bond market on the Nairobi Securities Exchange recorded a decline in activity with bonds worth Kes 1.44 Billion ...

IFC remains committed to scaling investment and advisory support in Kenya, especially within the context of Kenya’s Big Four Agenda ...

CBK is using some of its reserves to help ease some of that pressure, which we think is partially seasonal

The Australian dollar was flat and changed hands at $0.7137 while the Korean won traded at 1,198.61 per U.S. dollar, with ...

Volume on U.S. exchanges was 10.32 billion shares, compared with the 11.28 billion average over the last 20 trading days.

At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 38,782,100 shares in 1,113 ...

Japan's Nikkei 225's lost 0.37%, while the Topix edged down 0.19%. The country's manufacturing activity contracted for a 13th straight month in ...

Financial, industrial and energy stocks gave the biggest boosts to the bellwether S&P 500 and blue-chip Dow as investors pivoted ...

There were 27 contracts valued at Kes 673,100 concluded in today's trading session. The Safaricom contract expiring on 17th September ...

The new changes at the electricity distributor comes after Kenya Power in June issued a profit warning saying that it ...

Oil prices traded higher Tuesday morning during Asian hours. U.S. crude traded up 0.15% at $40.87 a barrel while global ...

Moderna Inc (MRNA.O) shares tumbled 12.8% on positive results from its competitors’ rival COVID-19 drug trials. Electric automaker Tesla Inc ...

The secondary bond market on the Nairobi Securities Exchange recorded a decline in today’s session with bonds worth Kes 895 ...

In addition, some of the small businesses will be offered a market of their products by the government.

The Japanese yen traded at 107.35 per dollar, after a turbulent previous week where it traded at around levels between ...

Japanese stocks posted gains for the week. The Nikkei 225 Stock Average advanced 406 points (1.8%) and closed at 22,696.42

The Nasdaq ended 1.1% lower for the week as investors sold shares of high-flying companies including Microsoft Corp and Amazon.com ...

The secondary bond market on the Nairobi Securities Exchange recorded a slump in today’s session with bonds worth Kes 2.24 ...

The Dow Jones Industrial Average fell 0.5% to end at 26,734.71 points, while the S&P 500 lost 0.34% to 3,215.57.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.346 following its decline ...

The Derivatives markets of the Nairobi Securities Exchange recorded a decline in activity with 6 contracts valued at Kes 162,000 against ...

The 54 tea factory companies, which own the 69 factories that are managed by KTDA, will proceed to close their ...

Hong Kong's Hang Seng index declined 0.4%. In Japan, the Nikkei 225 dipped 0.34% in morning trade while the Topix index was 0.13% lower.

The Dow Jones Industrial Average rose 0.85% to end at 26,870.03 points, while the S&P 500 gained 0.91% to 3,226.55

The secondary bond market on the Nairobi Securities Exchange recorded a slight decline in activity with bonds worth Kes 2.00 ...

The ratings on Kenya are nevertheless supported by its diversified economic base, including its large and diversified agricultural and services ...

The Japanese yen traded at 107.22 per dollar after touching levels around 107.4 against the greenback yesterday. The Australian dollar changed hands at $0.7008 ...

Delta Air Lines Inc ended down 2.65% after it warned it will be more than two years before the industry ...

The airline will continuously review the protocols in place and update these where necessary to continue being ahead of the ...

The secondary bond market on the Nairobi Securities Exchange recorded an increase in activity with bonds worth Kes 2.17 Billion achieved ...

Pan African housing development financier, Shelter Afrique signalled a full recovery as it reported its 2019 earnings Tuesday. The Company reduced ...

Kittony takes over from Samuel Kimani who stepped down as chair of board on July 13, 2020

The Japanese yen traded at 107.21 per dollar after weakening from the 106.8 against the greenback yesterday. The Australian dollar changed hands at $0.6934 ...

Volume on U.S. exchanges was 11.6 billion shares, compared with the 11.9 billion average for the full session over the ...

The Derivatives markets of the Nairobi Securities Exchange had one Safaricom single stock future's contract valued at Kes 27,500 concluded ...

Standard Investment Bank, Kenya's first and only regulated Online Forex Trading Money Manager by the Capital Markets Authority (CMA), successfully ...

The Japanese yen traded at 106.90 per dollar following a strengthening from levels above 107.2 against the greenback last week. ...

Secondary trading on the Bond market at the Nairobi bourse witnessed improved activity with bonds worth Kes.14 billion transacted compared ...

Gilead’s (GILD.O) remdesivir significantly improved clinical recovery and reduced the risk of death in COVID-19 patients, additional data from a ...

The secondary bond market on the Nairobi Securities Exchange recorded a decline in activity with bonds worth Kes 1.26 Billion achieved ...

Members of the Advisory Council play a critical role of looking into progress and constraints to gender equality globally and ...

Global benchmark Brent traded down 1.61% at $41.67 while U.S. crude fell 1.89% to $38.87 a barrel. 

Declining issues outnumbered advancing ones on the NYSE by a 2.63-to-1 ratio; on Nasdaq, a 2.09-to-1 ratio favored decliners.

The de-listing comes on the back of falling revenues that have eroded the firm’s capital base over the years, wiping ...

Libya, whose ports have been blockaded since January, is trying to resume exports after the state oil firm lifted force ...

At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 47,288,500 shares in 1,418 ...

Oil prices were lower in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.12% to $43.24 per ...

Biogen Inc jumped 4.4% after the company said it submitted the marketing application for its experimental Alzheimer’s disease therapy, aducanumab.

The secondary bond market on the Nairobi Securities Exchange recorded a notable increase in activity with bonds worth Kes 4.5 ...

NCBA Bank has appointed Tirus Mwithiga as the new Group Director Retail Banking as it seeks to strengthen and grow ...

Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures at $42.95 per barrel, ...

The Dow Jones Industrial Average fell 396.85 points, or 1.51%, to 25,890.18, the S&P 500 lost 34.4 points, or 1.08%, ...

The Derivatives Market had 9 contracts valued at Kes. 253,160 transacted in today’s trading session, this was higher, compared to the  ...

The Capital Markets (Coffee Exchange) Regulations 2020 provide for; incorporation of the coffee exchange; licensing of brokers; establishment and operationalization ...

WPP Scangroup Plc yesterday declared a special dividend of KES 8.00 per share following the disposal of its marketing research ...

The Japanese yen traded at 107.38 per dollar following a strengthening from levels above 107.6 yesterday. The Australian dollar changed hands at $0.6963 after ...

The Dow Jones Industrial Average rose 459.67 points, or 1.78%, to 26,287.03, the S&P 500 gained 49.71 points, or 1.59%, ...

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 22,303,800 shares ...

The moves upward regionally came despite the World Health Organization saying Saturday that more than 200,000 coronavirus cases were confirmed ...

While currencies saw muted moves in early trading on Monday, the Australian dollar underperformed, dropping as much as 0.2%.

Secondary trading on the bond Market at the Nairobi Securities Exchange registered reduced activity with bonds worth Kes.9.0 billion transacted ...

Open interest on the contracts rose steadily over the period with experienced declines after the 19th March 2020 and 18th ...

The secondary bond market on the Nairobi Securities Exchange recorded a decline in activity with bonds worth Kes 1.14 Billion ...

The National Aviation Management Bill, 2020 seeks to establish the National Civil Aviation Council that will oversee the creation of ...

Stocks in Asia edged higher in Friday afternoon trade as positive economic data raised optimism over the prospects of an ...

This follows a unanimous approval of the transaction by shareholders of Jamii Bora Bank during the extra ordinary general meeting ...

The S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 123 new highs and ...

The Derivatives Market had 2 contracts valued at Kes 64,050 transacted in today’s trading session. This was against the 4 contracts ...

KDIC says the new limit will cover 99 per cent of depositors with funds in banks and deposit-taking microfinance institutions.