Month: October 2020

The Dow Jones Industrial Average fell 157.51 points, or 0.59%, to 26,501.6. The S&P 500 lost 40.15 points, or 1.21%, ...

However, the reductions were not big enough to offset price increases of other sampled items.

There were no  contracts  concluded during today’s trading session on  derivatives market of the NSE.

The firm is also scheduled to meet Electronics suppliers, Clothing, labour union representatives and labour outsourcing firms the following week.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.793 after rising from ...

With no quick recovery in sight, KQ is seeking to cuts costs in a plan that will see it lay ...

Coach owner Tapestry Inc climbed 4% as it beat quarterly profit estimates and forecast growth for the year as demand ...

There were 5  contracts valued at kes 177,500 contracts concluded during today’s trading session on  derivatives market of the NSE.

The Australian dollar changed hands at $0.7065 after yesterday’s sharp drop from above $0.712.

Twelve U.S. states set records for hospitalized COVID-19 patients, while Germany and France announced plans to shut large swathes of ...

There were no contracts concluded during today’s trading session on  derivatives market of the NSE.

Prospects for the full year remain in line with UNCTAD’s earlier projections of a 30% to 40% decrease in FDI ...

Investor sentiment on Wednesday was likely impacted by the rising number of Covid-19 cases in the U.S.

Customers who have been on the network since inceptions also stand a chance to get 20GB of data as the ...

The project bond is intended to give a flexible funding option to projects that are already under construction and at ...

Shares of drugmaker Eli Lilly and Co fell 6.9% after quarterly profits took a hit from increased costs to develop ...

There were no contracts concluded during today’s trading session on  derivatives market of the NSE.

The Bank was recognized amongst 14 African banks in the list that consisted of banks from 112 countries globally. KCB ...

Oil prices were higher in the afternoon of Asian trading hours, with international benchmark Brent crude futures up 0.74% to $40.76 per ...

Despite the growth in contributions, it is important to note that  the retirement benefits industry has fallen short in providing ...

The devaluation of the local currency has prompted investors to inject money into listed companies. Until the end of 2019, ...

Cash flow challenges also saw KenGen hit Kenya Power with a Sh722.31 million financial penalty for flouting 40-day window of ...

The Dow Jones Industrial Average fell 650.19 points, or 2.29%, to 27,685.38. The S&P 500 lost 64.42 points, or 1.86%, ...

There was a decline on the derivatives market of the NSE.during today's trading session with  2 contracts valued at kes ...

Kenya is an important new region for us. It has become a renowned and well-regulated financial services hub in East Africa. The ...

MSCI’s broadest index of Asia-Pacific shares outside Japan traded above the flatline. The Hong Kong market is closed on Monday ...

The Banking Sector came in second in activity with shares worth Kes.405M transacted, accounting for 30.68% of the week’s traded ...

Following three consecutive weekly advances, global stocks declined modestly during the week. The news flow was dominated by headlines around ...

Tea exports fell by 14,000 tons in the first eight months of this year due to a drop in demand ...

U.S. House Speaker Nancy Pelosi said it still was possible to get another round of COVID-19 aid before the Nov. ...

There were 6 contracts valued at kes 205,050 concluded during today’s trading session on the derivatives market of the NSE.

The Board of Directors of HF Group Plc has appointed  Mr. Adan Daud Mohamed as a Non-Executive Director of its ...

In Japan, the Nikkei 225 rose 0.18% to close at 23,516.59 while the Topix index advanced 0.34% to finish its ...

The tea industry has been thrown into confusion due to a series push and pull between the ministry of agriculture ...

The AGM ratified the re-election of Messrs Wilfred Ongoro, Lawrence Karissa and Margaret Karangatha to the Board for another term ...

Advancing issues outnumbered declining ones on the NYSE by a 1.90-to-1 ratio; on Nasdaq, a 1.68-to-1 ratio favored advancers.

There were no contracts concluded during today's trading session on the derivative market of the NSE.

Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners. The ...

CBK collaborated with commercial banks through the Kenya Bankers Association to establish the currency center.

There were 2 contracts valued at kes 74,400 concluded during today’s trading session  on the derivatives market of the NSE.

The airline’s assumptions, which hinge on an effective Covid-19 vaccine by next summer, expects global air traffic to climb to ...

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 1% ...

The mapping has similarly helped the government keep inventory of all schools, hospitals, public utilities and infrastructure.

House of Representatives Speaker Nancy Pelosi said late on Tuesday that she hoped a coronavirus aid agreement could be accomplished ...

Non-Life premium also registered a growth of 3.57% to Kshs 133.45 Billion shillings from 129 Billion in the year under ...

The Japanese yen traded at 105.49 per dollar following an earlier low of 105.61 against the greenback while the Australian ...

Ordinary revenues are now projected to decline by Kes 28 billion to Kes 1.60 trillion in the current financial year.

High flyers stocks Apple Inc, Microsoft Corp and Amazon.com all fell more than 2% and created the biggest drags on ...

There were no contracts concluded during today’s trading session  on the derivatives market of the NSE.

For instance during the year ended 30th June 2019, KenGen received kes 391 million refund after claiming Railway Development Levy ...

South Korea’s Kospi also advanced 0.22% to close at 2,346.74. Meanwhile, shares in Australia rose on the day, with the S&P/ASX ...

KenGen has been focusing on the production of green energy and 86 percent of the energy produced by the company ...

The benchmark All share index of the Nairobi Securities Exchange closed the week modestly lower, shedding 0.42 points to settle ...

Global markets were mixed but generally ended higher during the week as data on the coronavirus and various economic fronts ...

Oil services company Schlumberger NV posted its third straight quarterly loss due to falling crude prices and plunging demand. Its ...

There was 1 contract valued at kes 35,000 concluded during today’s transaction on the derivatives market of the NSE

The partnership will see Britam and Carepay explore new mobile channels for Britam’s fast-growing microinsurance portfolio and the future management ...

Stocks across Asia-Pacific were mostly down by the close on Friday, amid dampened sentiment on the coronavirus front. Meanwhile, the ...

The fourth edition of Absa Africa Financial Markets Index 2020 show Kenya has dropped four places. The  index that  measures ...

The  NSE Chief Executive Mr. Geoffrey Odundo, noted that, “The admission of EGM Securities was in line with their  focus ...

The S&P 1500 airlines index shed 1.7% after United Airlines reported a 78% drop in quarterly revenue.

There was 1 contracts valued at kes 30,000 concluded during today’s transaction on the derivatives market of the NSE. This ...

According to the report, Safaricom contributes 6 percent to Kenya’s GDP, though a slight decline from 6.3 percent registered in ...

The Japanese yen traded at 105.23 per dollar, having strengthened from levels above 105.3 against the greenback yesterday. The Australian dollar changed hands at ...

DTB has appealed the ruling and secured a stay of the execution of the judgement. The lawyers at ENS say ...

UnitedHealth Group Inc dropped despite raising its profit forecast as the U.S. insurer said it was difficult to predict the ...

There were 2 contracts valued at kes 60,100 concluded during today’s transaction on the derivatives market of the NSE. This ...

Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.28% to ...

This is however good news to households especially during this hard economic times when many people lost their jobs as ...

The Dow Jones Industrial Average fell 158.04 points, or 0.55%, to 28,679.48, the S&P 500 lost 22.51 points, or 0.64%, ...

There were 2 contracts valued at kes 60,100 concluded during today’s transaction on the derivatives market of the NSE.

According to this agreement, KCB will mobilize commercial financing into the SME and climate finance sector in Kenya and also ...

The Chief Executive of VSA capital Andrew Monk said the company is pleased with its new partnership with Faida that ...

The Japanese yen traded 105.38 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7177, still ...

Kakuzi which  supplies avocados to several UK supermarkets, including Sainsbury's and Tesco will face major losses as the supply accounts ...

According to CA, international incoming fixed voice traffic also fell by 11.8 percent to register 4.3 million minutes from 4.9 ...

The S&P 500 energy index fell 0.4% as oil prices dropped on easing supply worries.

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE), A total of 8,680,100 shares ...

CMA Acting Chief Executive Wycliffe Shamiah, said; ‘‘We are glad to note that Pezesha effectively tested its crowdfunding innovation and achieved ...

The pound has depreciated rapidly, trading at 510 SSP for $1 on the black market, while the central bank is ...

National Australia Bank’s Tapas Strickland said the moves in the yuan were likely driven by the rule change “which makes ...

The Derivatives Market of the NSE closed the week with a total of 6 contracts valued at Kes.216,000 concluded in ...

Global markets were mixed during the week, posting declines earlier in the week and closing later higher, mixed with optimisms ...

“The direct flights will be an integral part of boosting the economy and tourism sector in our county,” said Dorothy ...

The S&P 500 energy index fell 1.6% following recent gains.

The bonds market posted a further decline in turnover, with bonds worth Kes 2.95 billion transacted in 104 deals against ...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.377 after seeing an ...

CA expects uptake of telecommunications services to continue rising as a result of disruptions caused by COVID-19.

Eaton Vance Corp EV.N shares surged 48.1% after Morgan Stanley MS.N agreed to buy the asset manager for about $7 ...

The current NSE market capitalization is KES 2.1 trillion.

The Japanese yen traded at 105.98 per dollar after an earlier low of 106.10 against the greenback. The Australian dollar was at $0.7162 following ...

However, according to a report by the firm , only Tanzania took up its full share of 8% while Kenya ...

With the presidential election just weeks away, focus later Wednesday may turn to a debate between Vice President Mike Pence ...

There were no contracts  concluded on the derivative market of the NSE during today’s trading session.

MansaX is a global, multi-asset strategy fund that exposes retail and institutional investors to the global markets in five key ...

Davis & Shirtliff plans to use the new facility to increase the company’s network to 70% coverage across Kenya and ...

The moves came as investors reacted to Trump's move to halt stimulus talks.

Airtel and MTN Uganda, as well as Stanbic Bank, were the most affected firms. 

Volume on U.S. exchanges was 10.55 billion shares, compared with the 9.79 billion average for the full session over the ...

Market giant Dangote Cement Plc, which climbed 9.9%, MTN Nigerian Communications Plc, up 5.7%, and Zenith Bank Plc, which gained ...