January 2021

BOC Gases

Carbacid Plc Shareholders Approve 100% Acquisition of BOC Kenya Plc

Carbacid Investments Plc’s (CIL) shareholders have approved the acquisition of up to 100 percent of the shareholding of BOC Kenya Plc (BOC) pursuant to the offer that was announced in November 2020. The proposal was voted upon and approved at Carbacid’s 49th annual general meeting of the shareholders. On 25th November  2020, CIL and Aksaya …

Carbacid Plc Shareholders Approve 100% Acquisition of BOC Kenya Plc Read More »

Kengen MD Rebecca Miani

KenGen Posts 8.3% Growth in Profits at Kes 13.79 Billion for FY2020

Listed power producer, Kengen Plc, has reported net revenue amounting to Kes. 39.82 million for the financial period ended 30th June 2020, which is 11.3% higher than the Kes.35.7 million recorded during the same period in 2019. KenGen attributed the increase to the reduction in fuel revenue associated with thermal plants, which registered a 58.9% …

KenGen Posts 8.3% Growth in Profits at Kes 13.79 Billion for FY2020 Read More »

Asian Stock Exchange MSCI

Asian Shares Follow Wall-Street in Decline following Fed Statement

Shares in Asia-Pacific fell on Thursday following an overnight plunge on Wall Street that wiped out the S&P 500′s 2021 gains and left it in negative territory for the year. Mainland Chinese stocks dropped on the day, with the Shanghai composite down 1.91% to 3,505.18 while the Shenzhen component declined 3.248% to about 14,913.21. Hong Kong’s Hang Seng index …

Asian Shares Follow Wall-Street in Decline following Fed Statement Read More »

Image of Safaricom app (My safaricom)

Safaricom launches M-PESA Bill Management service for businesses

Safaricom has launched an M-PESA Bill Management service that offers a platform where businesses can present and receive pending payments from customers, and issue electronic receipts. For M-PESA customers, the service provides a single point where they can view all their bills, receive reminders, and automate bills. A report issued by the telecommunication company said they are …

Safaricom launches M-PESA Bill Management service for businesses Read More »

NSE

Market Report: 27 January, 2021

At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 23,506,400 shares in 944 deals, corresponding to a market value of KES 796,751,520.00, were traded. Compared with the previous NSE trading day (Tuesday, January 26), today’s data shows 306% improvement in volume, 314% improvement in turnover, and 18% improvement …

Market Report: 27 January, 2021 Read More »

Foreign Direct Investments

Egypt Leads Africa as Top Destination for Foreign Direct Investment in Africa

In a report issued by the United Nations Conference on Trade and Development (UNCTAD), Egypt has been ranked to be the highest foreign direct investment recipient (FDI) in Africa. Egypt is reported to have received $5.5 billion in foreign direct investment in 2020, a 39% decline from the $7.6 billion received in 2019. Nigeria came in second …

Egypt Leads Africa as Top Destination for Foreign Direct Investment in Africa Read More »

Centum top shareholder, Chris Kirubi

Chris Kirubi Buys more Centum Shares Valued at Kes 92 Million, Raising Stake by 20%.

Centum Investment Company has sold 20% of its shares with a current market value of Kes 92.2 million, to billionaire investor Chris Kirubi, raising his stake in the Nairobi Securities Exchange listed firm by 20%. Earlier last year, Chris Kirubi presented his interest in acquiring 49.99% of the Investment company. An addition from the 30 …

Chris Kirubi Buys more Centum Shares Valued at Kes 92 Million, Raising Stake by 20%. Read More »

Oil

Oil Prices Gain for the First Time in a Week as U.S Crude Stockpile Drops

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in Covid-19 cases, bolstering hopes of a pick-up in demand. Brent crude futures climbed 19 cents, or 0.3%, to $56.10 a barrel at 0452 GMT, adding to a small gain …

Oil Prices Gain for the First Time in a Week as U.S Crude Stockpile Drops Read More »

Asia Markets Traders

Asian Markets Post Decline as Chinese Tech Giant Tencent Plunges 6.26%

Stocks in Asia declined in Tuesday trade, with Chinese stocks leading losses among the region’s major markets. The Hang Seng index in Hong Kong dropped 2.55% to close at 29,391.26. Hong Kong-listed shares of Chinese tech giant Tencent plunged 6.26%, while Meituan also saw heavy losses as it fell 5.3%. Mainland Chinese stocks were lower on the day, with the Shanghai …

Asian Markets Post Decline as Chinese Tech Giant Tencent Plunges 6.26% Read More »

Oil Prices WTI

Oil Prices Drop Further as Rising Covid-19 Numbers Hit Demand

Oil prices eased on Tuesday, giving up some of the previous session’s gains, as hopes for rapid approval of new U.S. economic stimulus faded while new coronavirus infections around the world mount up. Brent crude was down 15 cents at $55.73 by 0135 GMT, having risen nearly 1% on Monday. U.S. crude was also lower, dropping 5 cents to $52.72, …

Oil Prices Drop Further as Rising Covid-19 Numbers Hit Demand Read More »

China Foreign Direct Investment

China Overtakes U.S. as World’s Leading Destination for Foreign Direct Investment

According to a United Nations Conference on Trade and Development report released on Sunday, China has overtaken the U.S. as the world’s top destination for new foreign direct investment. Foreign direct investment in the United States dropped by 49% in 2020 while investment in China rose 4%, making China the largest recipient of foreign inflows …

China Overtakes U.S. as World’s Leading Destination for Foreign Direct Investment Read More »

NSE Nairobi Securities Exchange STOCK MARKET

NSE Weekly Market Review – Week 03, 2021

The Derivative Market of the Nairobi Securities Exchange closed the week with a total of 58 contracts valued at Kes.2.6 million transacted, this was a decline in transaction value from the 64 contracts valued at Kes.1.9 million posted in the preceding week.

BOC

BOC gets Extension Period to Service Shareholders with Takeover Deal

BOC Kenya Plc a leading supplier of industrial, medical and special gases in East Africa, has been granted approval by the Capital Market Authority to issue their shareholders with the Takeover offer Document and the Offeree Circular by Friday 5th February, 2021, an extension from the proposed Monday 25th January, 2021. BOC gases was served …

BOC gets Extension Period to Service Shareholders with Takeover Deal Read More »

NSE Market Report

Market Report; 22 January, 2021

During today’s trading session, the derivatives market of the NSE posted a decline in activity with 14 contracts concluded valued at Kes 504,000 as compared to the 21 contracts valued at Kes 504,000 achieved in the previous trading session.

NSE

NSE Announces Plans to the Expand the Kenyan Stock Market

The NSE is looking to scale up activity, partly by increasing shares available for trade. The exchange is in talks with the National Treasury to sell additional stakes in listed state-owned companies, with a view to raising as much as kes 300 billion.

NSE Nairobi Securities Exchange

Market Report; 21 January,2021

The derivatives market of the NSE posted a rise in activity with 21 contracts concluded valued at Kes 754,750 as compared to the 13  contracts valued at Kes 472,050 achieved in the previous trading session.

NSE Market Report

Market Report; 20 January ,2021

At the end of today’s trading session on the Nairobi Securities Exchange (NSE) A total of 23,956,000 shares in 1,020 deals, corresponding to a market value of KES 864,895,938.00, were traded. Compared with the previous NSE trading day (Tuesday, January 19), today’s data shows 29% improvement in volume, 66% improvement in turnover, and 8% improvement …

Market Report; 20 January ,2021 Read More »

Asian Markets Mostly High; Alibaba Soars Following Jack Ma’s First Public Re-Appearance

Stocks in major Asia-Pacific markets were mostly higher on Wednesday, with Hong Kong-listed shares of Chinese tech juggernaut Alibaba surging following the reappearance of founder Jack Ma. Shares of Alibaba listed in the city surged 8.52% after Ma appeared in a video posted on Chinese social media addressing rural teachers as part of one of his charity foundation’s …

Asian Markets Mostly High; Alibaba Soars Following Jack Ma’s First Public Re-Appearance Read More »

Access Bank, Nigeria’s Biggest Lender Picks Eight African Countries For Expansion

Nigeria’s  biggest bank Access Bank Plc, has identified eight African Countries for potential expansion so as to benefit from the African free trade pact. The African trade pact aims to improve trade within African countries  by lowering or eliminating cross-border tariffs, facilitating the movement of capital and people, promoting investment and paving the way for …

Access Bank, Nigeria’s Biggest Lender Picks Eight African Countries For Expansion Read More »

NSE Nairobi Securities Exchange STOCK MARKET

Market Report;19 January, 2021

The derivatives market of the NSE posted a rise in activity, with 2 contracts concluded valued at Kes 669,000 as compared to the 8 contracts valued at Kes 295,200 achieved in the previous trading session.

NSE Nairobi Securities Exchange

Market Report; 18 January, 2021

The derivatives market of the NSE posted a moderate decline in activities, with 8 contracts concluded valued at Kes 295,200 as compared to the 12 contracts valued at Kes 445,000 achieved in the previous trading session.

Global Markets

Global Market Weekly Review: Week 02, 2021

Turkish stocks, as measured by the BIST-100 Index, returned about -1.0%. T. Rowe Price sovereign analyst Peter Botoucharov has been reviewing the latest macroeconomic data from Turkey and notes that the country’s external account situation remains weak.

Oil Prices Saudi

Global Markets Weekly Review: Week 01, 2021

Mexican stocks, as measured by the IPC Index, returned about 6%. Shares were lifted in part by strength in U.S. equities, as Joe Biden—who is expected to be less aggressive on trade and immigration issues than President Trump—was certified by Congress as the winner of the November 2020 presidential election

Nairobi Securities Exchange KENYA

Market Report; 08 January, 2021

The derivatives market of the Nairobi Securities Exchange had 4 single stock futures contracts valued at Kes 38,800 transacted. This was a decline in transaction value and deals as compared to the Kes 364,870 concluded in the previous trading session.

Asian Markets

Asian Markets Mixed as Chinese Tech Stocks Follow Wall Street Rally

Markets across Asia-Pacific were mixed on Wednesday, as developments turned the focus on Chinese tech giants and regional energy stocks. Shares of Chinese tech giants Tencent and Alibaba were monitored by investors on Wednesday after U.S. President Donald Trump signed an executive order banning transactions with eight Chinese software applications. That included WeChat Pay and Ant Group’s Alipay. The order is …

Asian Markets Mixed as Chinese Tech Stocks Follow Wall Street Rally Read More »

NSE Market Report

Market Report; 05 January, 2021

The derivatives market of the Nairobi Securities Exchange had 5 East African Breweries Plc single stock futures contracts valued at Kes 77,980 transacted. This was lower in transaction value as compared to the Kes 190,750 concluded in the previous trading session.

Scroll to Top