Month: June 2021

Kapchorua Tea Kenya has announced it will pay a first and final dividend of Kes 10 per share despite posting ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 12,676,300 shares in 1,017 deals, ...

Major Asian markets were mixed by the close on Wednesday, with oil prices continuing to rise. Meanwhile, China released its ...

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TPS Eastern Africa, the owner of Serena Hotels plans to issue 200 million new ordinary shares through a rights issue after its ...

Oil prices on Wednesday extended the previous day’s small gains after an industry report showed U.S. crude stockpiles fell last ...

The S&P 500 and the Nasdaq both registered record closing highs on Tuesday, lifted by Apple Inc and other technology ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 16,397,500 shares in 1,153 deals, ...

The World Bank Board of Executive Directors has approved $130 million additional financing for the Kenya COVID-19 Health Emergency Response Project to ...

Shares in Asia-Pacific fell on Tuesday despite gains overnight on Wall Street as the S&P 500 and Nasdaq Composite closed ...

The United Nations Conference on Trade and Development (Unctad) report shows foreign direct investments (FDI) into Africa fell by $7 ...

Oil prices dropped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the ...

Google has rolled out three programs worth Kes. 642 million ($6 million) which are expected to support women and young ...

Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the ...

At the end of the first weekday of trading on the Nairobi Securities Exchange  A total of 18,713,100 shares in ...

Stocks in Asia-Pacific were mixed on Monday, as Hong Kong saw a shorter trading day following a morning pause due ...

The Capital Markets Authority (CMA) has issued the first set of licenses to five coffee brokers in line with the ...

Nation Media Group (NMG) is set to begin Kenya’s first share buyback program at the Nairobi Securities Exchange(NSE) today. A ...

Oil prices climbed to highs last seen in October 2018 on Monday as the United States and Iran wrangled over ...

The Nairobi Business Ventures was the week’s top gainer on the Nairobi Securities Exhcange (NSE) adding 22.65% in investor wealth ...

Banxico, Mexico’s central bank, surprised global market observers by raising its key lending rate by a quarter percentage point to ...

At the end of the last weekday of trading on the Nairobi Securities Exchange this week. A total of 17,658,400 ...

Asia-Pacific stocks jumped in Friday trade, with shares in Hong Kong and mainland China among the region’s biggest gainers. Hong ...

Kenya Electricity Generating Company PLC (KenGen) has earned Kes .2.6 Billion in revenues from commercial innovation initiatives over the last ...

Oil prices climbed for a third straight session on Friday, on track for a fifth consecutive weekly gain, as demand ...

Aden Duale, now wants the CMA to disclose the total number of unregulated capital market products in the country including ...

Benchmark Wall Street indexes, the Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow ...

At the end of today's trading session on the Nairobi Securities Exchange  A total of 20,326,600 shares in 1,094 deals, ...

Shares in Asia-Pacific struggled for direction on Thursday, with major indexes in Japan and mainland China closing flat. After a ...

The European Union is set to engage Kenya directly in signing the Economic Partnership Agreement (EPA) following failure by other ...

Oil prices climbed on Thursday after a sharp drawdown in U.S. crude, and gasoline stocks reinforced optimism of a quick ...

The Nasdaq hovered near its all-time high on Wednesday, helped by a boost from Tesla shares, with investors cheering data ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 27,790,900 shares in 886 deals, ...

Shares in Asia-Pacific were largely higher on Wednesday, with stocks in Hong Kong leading gains regionally. By the Wednesday market ...

Data published on the Kenyan Gazzette shows Income Tax in Kenya for the first 11 months of the fiscal year ...

The National Assembly Finance and National Planning Committee have rejected the imposition of tax on bread and the variation of ...

Oil prices rose on Wednesday after industry data showed U.S. crude inventories fell more than expected, reinforcing views of a ...

Over 1.3 million Safaricom customers have downloaded the M-PESA Super App while more than 100,000 businesses have downloaded the M-PESA ...

Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 37,288,900 shares in 1,091 deals, ...

Shares in Asia-Pacific largely rose on Tuesday, with shares in Japan leading gains among the region’s major markets. In Japan, ...

KRA is here as the taxman, is mandated to assess, collect and account for all tax returns underwritten laws and ...

Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as ...

MicroStrategy has announced that it has purchased an additional approximately 13,005 bitcoins for approximately $489 million in cash at an ...

Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back ...

At the end of the first weekday of trading on the Nairobi Securities Exchange. A total of 9,048,200 shares in ...

Shares in Asia-Pacific dropped on Monday, as Japan’s markets plummeted. Meanwhile, China kept its benchmark lending rate unchanged. Japanese stocks ...

South Africa is set to officially embrace cryptocurrency trade and investment laws, with its financial and capital markets regulators predicting ...

Oil prices nudged up on Monday, underpinned by strong demand during the summer driving season and a pause in talks ...

The US dollar gathering strength mid last week pushed gold to extended its slide and lost nearly 5 percent in ...

Backed by stability in various stock prices, the market capitalization of the Nairobi Securities Exchange (NSE) was flat this week ...

Global markets were on the low as a surprisingly hawkish outcome from the Federal Reserve’s June 15–16 policy meeting and ...

Stocks on Wall Street ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances ...

At the end of the last weekday of trading on the Nairobi Securities Exchange A total of 18,195,400 shares in ...

Shares in Asia-Pacific were mixed on Friday as investors monitored moves in the commodities space after prices fell sharply on ...

Kenya Airways has increased frequencies to the US to three a week as demand for summer bookings pick up, coming ...

The National Treasury has successfully raised $1 billion by issuing a 12-year Eurobond in the international financial markets in a ...

Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest ...

Technology shares on wall street jumped on Thursday on optimism around a speedy economic recovery, although the Federal Reserve’s unexpectedly ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 10,781,600 shares in 850 deals, ...

Total SE has awarded the $1.9 billion deal to construct its Lake Albert oil production Tilenga project in Uganda to ...

Shares in Asia-Pacific were mixed on Thursday, as investors watched for the market reaction after the U.S. Federal Reserve on Wednesday ...

The Capital Markets Authority wrote to Cytonn Asset Managers that should the company's Unit Trust fail to secure a new ...

The World Bank on Wednesday said it could not assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks. “We ...

Crude oil prices fell on Thursday, pressured by a stronger U.S. dollar, but losses were limited by a big drop ...

The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 14,611,100 shares in 857 deals, ...

The Board of Kenswitch Kenya Limited has appointed Ms. Karimi Ithau as Managing Director as the company rolls out its ...

Shares in Asia-Pacific were mixed on Wednesday trade as investors looked ahead to the U.S. Federal Reserve’s interest rate decision. ...

Kenya Electricity Generating Company PLC (KenGen) has joined the UN-backed universal campaign to combat global warming, becoming the first public ...

Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades after the ...

Oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in ...

Kenya has appointed Citi and JP Morgan as joint book-runners for a dollar-denominated sovereign bond issue, and I&M Bank and ...

Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on ...

The Ethiopian government is inviting international investors to express interest in its telecommunications company, Ethio-Telecom. According to a statement issued ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 12,153,000 shares in 935 deals, ...

Abojani Investment, a Nairobi based, diversified digital-first personal finance company, will host the Kenyan-born US Based financial educator Peter Njoroge ...

Shares in Asia-Pacific were mixed in Tuesday afternoon trade, with Australian and Japanese stocks leading gains regionally. The Nikkei 225 in Japan ...

The maximum pump prices for a litre of Super Petrol has increased by Kes 0.77 per litre while that of ...

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session. The prospect of extra supply coming to ...

The S&P 500 and the Dow eased on Monday on Wall Street, a day after the S&P 500 hit a ...

At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 11,188,400 shares in ...

Shares in Asia-Pacific were mixed in Monday trade, with multiple major markets in the region closed for holidays. The Nikkei 225 in ...

Bitcoin’s price surged after Tesla CEO Elon Musk said the electric vehicle maker could accept bitcoin transactions again in future. As of 11:09 ...

Kenya Electricity Generating Company PLC (KenGen), the leading energy producer, has started installing a Steam Turbine into the Olkaria 1 ...

Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help ...

Market activity on the Nairobi Securities Exchange (NSE) rose during the week, boosted by the sale of shares on the ...

Global markets were mixed during the week as investors reacted to various economic data from both the U.S Consumer price ...

Kenya has received a $750 million loan from the World Bank to support its budget and help the East African ...

Stocks on wall street closed modestly higher at the end of a torpid week marked with few market-moving catalysts and ...

At the end of the last weekday of trading on the Nairobi Securities Exchange A total of 30,537,700 shares in ...

Shareholders of listed infrastructure firm Transcentury Plc have approved a rights issue, primarily aimed at the company raising capital for ...

Williamson Tea, one of the oldest tea companies in Kenya, has issued a profit warning for the financial year that ...

 Shares in Asia-Pacific were mixed in Friday trade, with the BSE Sensex in India touching a record high. In Friday ...

South Africa has agreed to sell a majority stake in the country’s grounded national carrier South Africa airways, to a ...