Month: November 2020

Going forward NBV has set its sight on opportunities within the infrastructure sector leveraging on the growing demand for mega ...

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

Alternatively, for brokers to trade they would have to have "sponsored membership" in a local market where they want to ...

The Japanese yen traded at 103.97 per dollar after strengthening from levels above 104.4 against the greenback last week. The Australian dollar changed hands ...

The service will allow customers to send money to bank accounts and mobile wallets in 15 countries, including neighboring Uganda, ...

Family Bank also signed a partnership with Performeter Agribusiness Limited setting aside Sh1 billion to fund fodder production for dairy ...

KCB Group Plc was however up with investors reacting to news of acquisitions in Rwanda and Tanzania. The share price ...

A new round of vaccine optimism and diminishing political uncertainty helped global stocks build on recent gains for the holiday-shortened ...

U.S.-listed shares of iQIYI Inc fell 1.7% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put ...

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

The dim performance is attributed to an increase in loan loss provisions which surged by 76% in what the lender ...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.915 following its decline ...

The Group has not received any dividends from portfolio companies where the Group holds minority stakes in the six-month period ...

Manufacturing sector recorded a 7.8% growth in loan uptake, transport and communications at 21.1%, real estate 7.6%, and consumer durables ...

German Chancellor Angela Merkel told parliament that lockdown measures will be in place until at least the end of December ...

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

Following that announcement, the Korean won traded at 1,104.90 per dollar, as compared to an earlier low of 1,107.30 against the greenback.

With KCB's existing presence in these markets and strong banking capabilities in East Africa, the merged banks in each market ...

There are now 42 signatories to the Declaration including Standard Bank, Barclays, Banco Santander Group, the City of London, Deutsche ...

Tesla Inc, which surpassed $500 billion in market capitalization on Tuesday, extended its gain by 3.4% even after the electric-car ...

There were three Safaricom single stock futures contracts expiring on 17th December  valued at Kes 95,340 concluded on the derivatives ...

Under the Inuka SME Program, over 4,000 MSMEs have interacted with the training. The partnership will provide a hybrid targeted approach to ...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.96 after seeing levels ...

The higher return is attributed to the fund’s ability to employ long/short trading models which ensures capital appreciation for investors ...

As of 30th June 2019, KenGen had an installed capacity of 1,631.1MW out of which 85% was generated through green sources, ...

Boeing Co gained after European regulators gave draft approval to its 737 MAX jets, paving the way for a formal ...

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

The government is doing a financial evaluation of as many as nine state companies, including Kenya Airways Plc, Kenya Power and Kenya Electricity Generating ...

Investors continued to monitor positive momentum surrounding the race for a coronavirus vaccine. AstraZeneca said Monday interim analysis showed its ...

Cyclicals led gains, with energy ahead by 7.09% while industrials and financials each rose more than 1%, as data showed ...

The bonds market posted a moderate decline in turnover during today’s trading session, with bonds worth Kes 2.20 billion transacted ...

Carbacid Investment has announced a profit before tax of Kes 427 million for the year ended July 31, 2020, marking ...

Kenyans abroad sent home a record Kes. 28.4 billion ($263.1 million) in October this year, a 17.3% increase compared to ...

Oil prices were higher in the afternoon of Asia trading hours, as international benchmark Brent crude futures rose 1.27% to ...

The secondary trading on the bond market saw a growth in activity with bonds, posting a 31.5% rise in turnover ...

The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected ...

In addition to receiving seed funding prizes and post-competition mentoring, AgriPitch winners will be invited to the AYAF online DealRoom, ...

Stay-at-home beneficiary Zoom Video Communications Inc provided the biggest lift to the Nasdaq.

The bonds market posted a rise in turnover during today’s trading session, with bonds worth Kes 2.44 billion transacted in ...

The dollar index, which measures the U.S. dollar against a basket of its peers, last traded at 92.213, declining from ...

The profit dip has however trimmed the bank’s earnings per share to Kes.11.13 from Kes.16.15 last year.

The firm is expected to transform NBV into a manufacturer of cement and other industrial products switching it from a ...

The slow recruitment process has however been evident at the capital markets regulator with Paul Muthaura having also served first ...

The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 87 new highs and ...

At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 13,459,900 shares in 715 ...

Cooperative Bank booked a 905 increase in loan loss provision from Kes. 2.1 billion in 2019 to Kes. 4 billion.

The Japanese yen traded near flat at 103.86 against the greenback while the Australian dollar changed hands at $0.7292, dropping from earlier levels around ...

ABSA has painted a level of  uncertainty in its outlook relating to the COVID-19 pandemic where it has highlighted that it ...

The lobby group also proposes that millers and marketing agents shall be appointed by members of a coffee factory during ...

The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and ...

The derivatives market of the Nairobi Securities Exchange had no contracts concluded in today’s trading session.

The Japanese yen strengthened further in the afternoon, last trading at 103.85 per dollar, as compared to levels above 104.5 earlier. The Australian ...

That said, another valid reason we believe the flagship crypto valuation might certainly rise is the high global quantitative easing ...

Budget deficit in the three months that ended in September grew to Kes. 131.7 billion compared to Kes. 123.5 billion ...

Amazon.com Inc launched an online pharmacy in the United States, sending shares of rival drug retailers such as Walgreens Boots ...

The derivatives market of the Nairobi Securities Exchange had no contracts concluded in today’s trading session.

In October, news surfaced that Airbnb would list its shares on the Nasdaq, likely making it that market’s largest listing since Facebook's $16 ...

The Japanese yen traded at 104.52 against the greenback, a touch firmer as compared to Monday. The Australian dollar was at 0.7303 against the ...

Simon Property Group Inc shares jumped after the biggest U.S. mall operator cut its purchase price for an 80% stake ...

The derivatives market of the Nairobi Securities Exchange had no contracts concluded in today's trading sessio

Other firms suspended at the exchange for a variety of reasons, include Deacons, Athi River Mining, Kenya Airways, National Bank ...

Hong Kong’s Hang Seng index rose 0.58% in the afternoon. Casino and finance stocks listed in the city were going strong. Standard Chartered was up ...

An Etihad spokesperson said as the airline continues 'to focus on recovery and rebuilding its global network, it will continue ...

The drop in fuel costs is expected to ease rising consumer costs which surged last month owing largely to previous ...

KTDA-managed factories continue to work on improving operational efficiencies to reduce production costs through a number of initiatives.

The Derivatives Market of the Nairobi Securities Exchange closed the week higher, with a total of 20 contracts valued at ...

In what surely qualifies as some of the more encouraging news of the year, the announcement that a Pfizer vaccine ...

Libyan output rose and investors worried the resurgent pandemic could hurt global demand.

The derivatives market of the Nairobi Securities Exchange had 5 Safaricom single stock future's contract valued at Kes 150,000 concluded ...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.914 following its rise ...

It reported a Sh8.56 billion half-year loss for the period ended June 30,2019, double the Sh4.03 billion posted in a similar period previous year.

Equity’s asset base has expanded to Kes.933.9 billion with loans and advances to customers climbing by 30 per cent to ...

Crude oil prices reversed early gains, snapping a three-day rally on growing doubts over a near-term demand recovery and an ...

The derivatives market of the NSE posted an decline in activity with 3 contracts valued at Kes 94,800 concluded. This ...

In Japan, Softbank Group shares jumped 1.49%. Game maker Nintendo also surged 4.3%. Over in South Korea, Kakao’s stock gained ...

Shareholders’ equity grew 12% from KShs. 121.2 billion to KShs. 135.9.1 billion. This was driven by the growth in earnings ...

Gold prices slid, hurt by a stronger dollar and increased risk appetite which drew investors away from the safe-haven metal

The derivatives market of the NSE posted an exponential rise in activity with 11 contracts valued at Kes 375,720 concluded. ...

According to Statista, airlines worldwide have received government aid amounting to $161.9 billion as of September 2020.

Best solutions stand a chance to walk away with between Kshs. 1 million and Kshs. 4 million in the final ...

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 2.45% to ...

Gold regained some ground lost in Monday's plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.

The bonds market posted a decline in turnover during today’s trading session, with bonds worth Kes 1.53 billion transacted in ...

The Japanese yen traded at 105 per dollar after weakening sharply from levels below 104.3 against the greenback yesterday. The Australian dollar changed hands ...

Pfizer shares closed sharply higher after soaring as much as 15.4% during the session. But another drugmaker Biogen Inc slumped ...

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 5,429,800 shares ...

Former U.S. vice president Biden won following his projected win in the states of Pennsylvania as well as Nevada, according ...

Ndegwa indicates the company remains in discussion with the Central Bank of Kenya (CBK) on the review of free cash ...

Secondary trading on the bond Market saw a decline in activity with bonds worth Kes.7.5Bn traded compared to Kes.12Bn registered ...

Stocks in Brazil, as measured by the Bovespa Index, returned about 7.4%.

US stocks hovered near unchanged on Friday to close out with a big weekly gain as Democratic challenger Joe Biden ...

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. a total of ...

Earlier this month BOM proposed investing more than half of the country's estimated lifetime revenue of $96 billion from the ...

The Japanese yen traded at 103.46 per dollar, having strengthened from levels above 104.4 against the greenback this week.

EBKL is a subsidiary of Equity Group Holdings Plc and holds the lion share of the Group’s business contributing to ...

The tech-heavy Nasdaq, packed with "stay-at-home" corporate winners under this year's was within striking distance of its Sept. 2 record ...

The bonds market posted a decline in turnover during today’s trading session, with bonds worth Kes 1.26 billion transacted in ...

Other Safaricom prefixes include 070X, 071X, 072X, 0740-43, 0745-46, 0748, 0757-59, 0768-69 and 079X.

Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.7% to ...

Until his appointment, Gen. Mwathethe was heading the Oceans and Blue Economy Office.