Month: May 2021

At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 14,366,100 shares in ...

Shares in Asia-Pacific were mixed on Monday, as investors reacted to the release of China’s official manufacturing Purchasing Managers’ Index ...

Nation Media Group (NMG) Board of Directors has recommended that the firm’s shareholders effect the Share Buyback plan by way ...

Oil prices climbed in early Asian trade on Monday, stimulated by the bright outlook for fuel demand growth in the ...

East African Cables Plc was the week's top looser on the NSE, continuing a shedding streak, was down 11.85% at ...

Kenya Railways Corporation (KRC) will begin providing hourly rides on its Diesel Multiple Units(DMUs) for Nairobi Commuters after receiving the ...

Global markets traded fairly mixed this week as most markets as investors watched on various economic data from the United ...

Allianz and Jubilee Holdings announced a 66% stake in the Jubilee General Insurance Company in Kenya to form Jubilee Allianz.

Stocks on Wall Street climbed on Friday as investors brushed off a stronger-than-expected inflation reading, as both the Dow and ...

Kenya expects to receive a loan of $750 million from the World Bank in the next two weeks to support ...

At the end of the last weekday of trading on the Nairobi Securities Exchange A total of 29,604,700 shares in ...

Family Bank Group has posted a Kes 728.8 million Profit Before Tax for the first quarter of 2021, a 71.3% ...

Stocks in Asia-Pacific mostly rose in Friday trade, as investors reacted to the market debut of JD Logistics in Hong ...

Gold prices edged lower on Friday, as an uptick in the dollar and U.S. Treasury yields weighed on the safe-haven ...

CBK’s foreign currency reserves remain adequate to provide 4.55 months of import cover and cushion the economy against short-term shocks ...

Robust economic data from the United States, the world’s largest economy and oil consumer, also buoyed risk appetite by investors.

Wall Street Investors have been closely watching economic data and comments from Federal Reserve officials for signs of runaway inflation ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 36,496,500 shares in 1,256 deals, ...

Safaricom Plc, Kenya’s telecommunication giant that runs M-Pesa, was on Saturday awarded a license to operate telecommunication services in Ethiopia ...

Shares in Asia-Pacific were mixed on Thursday as investors reacted to the release of Chinese industrial profits data for April. ...

TPS Eastern Africa, the company that owns and operates Serena Hotels, has reported a net loss of Kes1.2 billion for the ...

KCB Group Plc has posted a net profit of Kes.6.4 billion in the first quarter of 2021 ending March, a ...

Oil prices fell on Thursday but stayed within the tight range they have been in all week, as optimism on ...

Stocks on wall street closed out Wednesday’s session with modest gains as recent comments from Federal Reserve officials helped tamp ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 17,034,000 shares in 1,162 deals, ...

Stocks in Asia-Pacific were mixed on Wednesday, with multiple markets in Southeast Asia closed for a holiday. The Nikkei 225 in ...

Equity Group Holdings Plc has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of ...

NCBA Group PLC has recorded a profit after tax of Kes 2.84 billion for the quarter ending March 31, 2021. ...

Oil prices were steady on Wednesday as concerns of a possible resumption in Iranian supply that would result in an ...

Gold prices held firm near a 4-1/2-month high on Wednesday as a drop in U.S. Treasury yields and a weaker ...

Stocks on wall street closed slightly lower on Tuesday, and each of Wall Street's main indexes failed to stray far ...

The Bank of Uganda has announced a split of mobile money into a stand-alone business, regulated as a financial service, ...

The derivatives market of the NSE posted a decline in activity during today’s trading session, with 26 single stock futures contracts ...

Shares in Asia-Pacific rose on Tuesday, as investors watched tech shares following overnight gains in the sector stateside. Mainland Chinese ...

Individual smallholder tea farmers affiliated with the Kenya Tea Development Agency Holdings Ltd (KTDA Holdings PLC) will now own direct ...

The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox paving ...

Safaricom Plc, Kenya's telecommunication giant, was on Saturday awarded a license to operate telecommunication services in Ethiopia in a consortium made ...

Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as prospects ...

After falling as much as 4.3% from its May 7 record intraday high, wall street's benchmark S&P 500 is now ...

Standard Chartered Bank Kenya has reported a 19% growth in net profit in the first three months to March 31 ...

At the end of the first weekday of trading on the Nairobi Securities Exchange this week. A total of 15,587,300 ...

Asia-Pacific markets traded mostly higher Monday but investors remained cautious over a resurgence in Covid-19 cases in some parts of ...

Gold prices climbed on Monday to hover near a 4.5-month high, supported by a weaker U.S. dollar and growing inflationary ...

The bitcoin sell-off continued Monday following a roller-coaster week of trading as authorities in China and the U.S. move to ...

Oil prices edged higher on Monday as a storm formed in the Gulf of Mexico. Iran said a three-month nuclear ...

Trading on the secondary bond market at the Nairobi Securities Exchange (NSE) posted a 5.63% rise in activity with Kes.22.39 ...

A license to operate telecommunication services in Ethiopia has been awarded to Kenya’s telco giant Safaricom in a consortium made ...

Global markets were mixed during the week as various economic news streamed in. Inflation news seems to be taking global ...

Access Bank, Nigeria’s largest lender, has completed the acquisition of Mozambique’s African Banking Corporation, another milestone achievement in Access Bank’s ...

Absa Group unaudited Net Profit for the first quarter ended March 31st 2021 rose to Kes 2.4 Billion compared to Kes ...

Wall street ended mostly lower on Friday, weighed down by technology and consumer discretionary shares, while the dollar edged higher ...

Bitcoin and other cryptocurrencies crashed on Friday after China announced a harsh clamp down on the market. The announcement by ...

At the end of the last weekday of trading on the Nairobi Securities Exchange A total of 12,344,600 shares in ...

Shares in Asia-Pacific were mixed on Friday following an overnight bounce on Wall Street. The Taiex in Taiwan jumped 1.62% on the ...

Salaam African Bank, the leading bank by branch network in Djibouti, has acquired 100% ownership in Kenya’s Uwezo Microfinance Bank, ...

Oil prices edged higher on Friday, taking a break after three days of losses as investors braced for the return ...

Kohl’s Corp slumped 10.17% on wall street after warning of a hit to its full-year profit margin from higher labor ...

At the end of today's trading session on the Nairobi Securities Exchange  A total of 10,866,500 shares in 793 deals, ...

Stocks in Asia-Pacific were mixed on Thursday, with data showing Japan’s exports surging in April. The Nikkei 225 finished the trading day ...

Bitcoin, the world’s largest cryptocurrency by market capitalization, slumped on Wednesday by 8.7%. BTC was above the 10-hour moving average ...

Oil prices fell on Thursday after a slump in the previous session, as rising U.S. stockpiles added to concerns about ...

Gold is seen as a hedge against inflation, but an increase in rates from the Fed will dull bullion's appeal ...

Wall Street’s main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the ...

At the end of today's trading session on the Nairobi Securities Exchange. A total of 26,145,500 shares in 948 deals, ...

Kakuzi PLC has confirmed plans to strengthen its avocado smallholder base as part of a shared prosperity business plan. Alongside ...

Stocks in Asia-Pacific were mixed on Wednesday, with some markets in the region closed for holidays. Australia’s S&P/ASX 200 led losses among ...

Cognizant of the continued evolution of the COVID-19 pandemic and its resultants effects on the economy, the IMF has trimmed ...

Gold prices inched up on Wednesday, hovering near a four-month high on a weaker dollar, while investors awaited minutes from ...

Oil prices fell for a second day on Wednesday on the potential of Iranian supply returning and as investors sold ...

Stocks on wall street ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts ...

At the end of today's trading session on the Nairobi Securities Exchange. A total of 13,190,600 shares in 1,051 deals, ...

Shares in Asia-Pacific mostly jumped on Tuesday, as stocks in c among the region’s major markets. The Taiex in Taiwan surged 5.16% ...

Kenya Electricity Generating Company(KenGen) is set to begin drilling works on the $6.5 Million(Kes 709.8 Million) Geothermal Power Project, starting ...

Oil prices climbed on Tuesday, extending gains from the previous day, as optimism over the reopening of the U.S. and ...

Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.7% to 1,035.93 tonnes on Monday.

Earnings on wall street this week will be scrutinized for clues on whether rising prices had any impact on consumer ...

Transcentury Plc, a listed firm in the Nairobi Securities Exchange, has reported a Kes1.4 billion net loss for the half-year ...

At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 30,615,500 shares in ...

Shares in Asia-Pacific were mixed on Monday trade as investors reacted to the release of Chinese economic data while also ...

Bitcoin took a 3.7% drop to near $45,100 Sunday afternoon EST after Tesla CEO Elon Musk did not outright deny ...

Oil prices edged lower on Monday as the recovery of a major U.S. pipeline network eased concerns about oversupply, and ...

During the week, the NSE also launched the unquoted securities market (USM) as it seeks to boost trading at the ...

On the global markets front, telecommunications and internet conglomerate SoftBank Group posted the highest-ever annual net profit for a Japanese ...

Wall Street closed higher in a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs ...

The three directors are some of the longest-serving members on the NSE board and their retirement is in line with the code ...

Spot gold rose 0.6% to $1,837.25 per ounce by 1503 GMT, heading for second week of gains. U.S. gold futures ...

Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil ...

Shares of Singapore Airlines plunged 5.66% in Asian trading hours, while Cathay Pacific’s stock in Hong Kong edged 0.31% higher.

The pullback in Treasury yields helped gold to recoup some of the previous day’s losses on wall street, when rising ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 11,820,800 shares in 840 deals, ...

Six Nairobi Securities Exchange (NSE)-listed firms have announced a delay in releasing their full-year results, citing the need for more ...

Major Asia-Pacific stock markets declined on Thursday, as Wall Street fell sharply with inflation data triggering fears of a rate hike. ...

Safaricom's board has proposed a final dividend per share (DPS) of Kes 0.92 amounting to Kes 36.86 billion for approval ...

Tesla CEO Elon Musk has announced that Tesla would be suspending the option to pay for vehicles using Bitcoin. In ...

Oil prices fell on Thursday, pulling back from an eight-week high as concerns about the coronavirus crisis in India, the ...

Wall Street suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 11,113,200 shares in 872 deals, ...

Asia-Pacific shares were mostly down on Wednesday, as Taiwan’s markets tumbled after authorities said they may raise its COVID-19 alert ...

Sasini Plc a listed firm in the Nairobi Securities Exchange, has reported a notable rise in the six months period ...

Oil prices rose on Wednesday after a drop in U.S. crude inventories reinforced OPEC's robust demand outlook, while the market ...