Month: July 2021

Home Afrika Group reported a 62% decrease in Loss After Tax of Kes 340.3 Million for the period ended 31st ...

Stocks on wall street fell on Friday and registered losses for the week as Amazon.com shares dropped after the company ...

At the end of the last weekday of trading on the Nairobi Securities Exchange A total of 15,436,300 shares in ...

East African Breweries Limited (EABL) has posted a profit after tax of  Kes 6.96 billion for the period ended 30th ...

Oil prices fell on Friday but were on track to post solid gains for the week with demand growing faster than ...

The Uganda Securities Exchange (USE) has suspended trading in Uchumi Supermarket shares, citing failure to observe listing obligations. In a ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 14,508,200 shares in 1,036 deals, ...

Asia-Pacific markets rose after the U.S. Federal Reserve left its benchmark interest rate near zero meanwhile, shares in Hong Kong ...

Coffee farm Eaagads Limited has reported a profit before tax of Kes 4.7 million during the financial period ended 31st ...

Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world’s top oil consumer, ...

US stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 9,199,000 shares in 1,014 deals, ...

ILAM Fahari I-Reit, a real estate investment trust, has posted a net profit of Kes 42.2 million in the half-year ...

Shares in Asia-Pacific were mostly lower on Wednesday, with stocks in Hong Kong seeing a partial bounce back from a ...

Sameer Africa Plc has shed 107 jobs and put up an undisclosed property for sale to ease its biting cashflow ...

Unga Group PLC  is set to exit the baking business for the second time with the sale of Ennsvalley Bakery ...

Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, ...

U.S. stocks on wall street fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors ...

Centum Investment, the giant investment company, has reported a Kes1.37 billion full-year net loss for the period that ended on ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 12,202,100 shares in 1,215 deals, ...

Hong Kong continued selling off on Tuesday, extending losses from Monday. The broader Asia-Pacific markets, meanwhile, were mixed. The broader Hang Seng ...

Kenya’s Capital Markets Authority (CMA) has signed an agreement with the Financial Services Commission (FSC) Mauritius to strengthen compliance in ...

Oil prices were steady on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on ...

At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 3,929,300 shares in ...

Asian markets dropped sharply by the close on Monday, wiping out the Hang Seng index’s gains for 2021 once again ...

Vodafone Group Plc has hinted at the possibility of spinning off Mobile Money Service, Mpesa following its huge success, especially ...

Oil prices were lower on Monday as investors balanced concerns about fuel demand from the spread of COVID-19 variants and floods ...

Activity on the Nairobi Securities Exchange (NSE) was fairly flat as investors focus remained on some of the top counters ...

Global markets were mixed but mostly higher with most markets experiencing pullbacks, which have been infrequent and short-lived as strong ...

Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for ...

At the end of the last weekday of trading on the Nairobi Securities Exchange. A total of 9,550,600 shares in ...

Shares in Asia-Pacific were mixed on Friday as investors monitored Chinese tech stocks in Hong Kong after regulatory concerns resurfaced. ...

Standard Chartered Bank Kenya has appointed technology and innovation expert Nivedita Sharma and banking professional Birju Sanghrajka, to replace Engineer ...

Acorn Project (Two) Limited Liability Partnership, the Issuer of the Acorn Medium-Term Green Note (MTN) Programme, closed the final tranche ...

Oil prices trimmed overnight gains on Friday but were poised to end the week largely steady after rebounding from a sharp ...

A pull-back in economically sensitive cyclicals kept wall street benchmarks; the S&P 500’s and the blue-chip Dow’s gains muted, while ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 7,287,600 shares in 862 deals, ...

The International Finance Corporation (IFC) has announced that it invested over $1 billion in the telecoms, media and technology (TMT) ...

Shares in Asia-Pacific were higher on Thursday, with markets in Japan closed for a holiday. Hong Kong’s Hang Seng index was among ...

BAT Kenya Plc has declared an interim dividend of Kes 3.50 per ordinary share to be paid on 16th September ...

Oil prices fell on Thursday after an unexpected rise in U.S. crude oil inventories and as rising COVID-19 infections threaten ...

Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3% on wall street, the second-largest percentage loser ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 14,724,700 shares in 1,141 deals, ...

Kenyan marketing platform Alfluence Inc has raised $1 million (Sh108 million) led by Dubai-based EQ2 ventures joined by Nigeria VC ...

Shares in Asia-Pacific were mixed on Wednesday trade, following an overnight bounce stateside that saw the Dow Jones Industrial Average ...

The price of bitcoin ( BTC) dropped below $30,000 late Monday night for the first time since Jun. 22, dragging ...

Oil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which ...

Wall Street notched a comeback on Tuesday with all the major indexes closing higher, and yields on safe-haven U.S. Treasuries ...

Shares in Asia-Pacific fell on Tuesday following an overnight tumble for stocks on Wall Street that saw the Dow Jones Industrial ...

Standard Bank has revealed plans to acquire 100% ownership in financial services firm Liberty Holdings. Standard Bank is Africa’s largest ...

Oil prices fell more than $1 a barrel on Monday after the OPEC+ group of producers overcame internal divisions and ...

Kapchorua Tea Kenya Plc was the week’s top gainer on the NSE, adding 25.6% in investor wealth to close the ...

Global Markets were mixed, majority of them loosing ground last week yet remain in a steady and mostly uninterrupted uptrend ...

Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors ...

Credit Fair, a consumer-lending fintech startup, has raised $15million as part of a seeding round led by two angel investors ...

At the end of the last weekday of trading on the Nairobi Securities Exchange. A total of 12,141,300 shares in ...

State-run Ethio Telecom, which invited private investors to buy a stake in it over the past few months, reported an ...

Shares in Asia-Pacific were mixed on Friday as the Bank of Japan held steady on monetary policy. The Nikkei 225 in Japan ...

Global insurance solutions firm Linkham Group based in the UK has officially confirmed completing a deal that will see them ...

Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to ...

The Nasdaq ended lower on wall street on Thursday, pulled down by Apple, Amazon and other Big Tech companies as ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 7,174,900 shares in 1,040 deals, ...

Relief for Kenyans after the government retained fuel prices at the same levels as last month in the July review. ...

Shares in Asia-Pacific were mixed on Thursday as China reported its second-quarter gross domestic product (GDP) rose. Mainland Chinese stocks ...

The Ethiopian Communications Authority(ECA) has issued the Final License to Safaricom Telecommunications Ethiopia PLC following its incorporation as a local ...

Oil prices fell nearly 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top ...

Wall Street's benchmark, the S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session ...

The dollar gained strength as Inflation surged after the release of the consumer price index report that increased by 5.4%, ...

At the end of today's trading session on the Nairobi Securities Exchange. A total of 13,331,800 shares in 1,100 deals, ...

Shares in Asia-Pacific mostly slipped on Wednesday following a hotter-than-expected U.S. inflation report released overnight. The Shanghai Composite in mainland China fell ...

Unaitas Sacco has secured Kes 1 billion funding from Dutch private equity Oikocredit International for onward lending to small and ...

Oil prices fell on Wednesday on future demand concerns after data showed that China’s first-half crude imports dropped, but were ...

Wall Street benchmark indices, the S&P 500 and Nasdaq, ended lower on Tuesday after hitting record highs earlier in the ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 13,213,000 shares in 1,025 deals, ...

Square CEO Jack Dorsey has confirmed that the company is looking into building a hardware bitcoin wallet that will give consumers greater ...

Shares in Asia-Pacific were higher on Tuesday as investors reacted to China’s trade data for June. Hong Kong’s Hang Seng index led ...

The UK, other G7 countries and multilateral partners are set to invest $80 billion in the private sector across Africa. ...

Oil prices climbed on Tuesday, reversing some of the previous day’s losses, as tight supply and expectations of a further ...

Wall Street’s main indices closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors ...

At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 10,374,100 shares in ...

Stocks in Asia-Pacific rose on Monday, with shares in Japan and China leading gains regionally. Japan’s Nikkei 225 surged 2.25% to close ...

Social media giant TikTok has taken a drastic step toward not only banning cryptocurrency influencers on its platform but all ...

The Kenya Revenue Authority (KRA) has announced plans to auction Kenya Power transformers if 30 days elapse before they clear ...

Oil prices were lower in early Asian trade on Monday as the dispute in talks among key producers to raise ...

The market capitalization of the Nairobi Securities Exchange (NSE) posted a 1% rise this week to Kes 2.73 Trillion from the ...

Global markets had to offer a bit of everything for investors, from labor market readings to Federal Reserve minutes to ...

The three major wall street indexes rallied to record closing highs on Friday as financials and other economically focused sectors ...

At the end of the last weekday of trading on the Nairobi Securities Exchange. A total of 17,825,500 shares in ...

Shares in Asia-Pacific fell on Friday as Covid worries resurfaced in the region. South Korea’s Kospi dropped 1.07%% to close at 3,217.95. ...

Manufacturers from Kenya and Tanzania have called for the expedited resolution of non-tariff barriers (NTBs) and the review of the East African Community Common External Tariff (EAC CET). This ...

Mrs Jennifer Karina has been appointed as the chairperson of the Board of Directors at Kenya Reinsurance Corporation, with effect ...

Oil prices were mixed on Friday after a boost from a drop in U.S. crude and gasoline inventories but were ...

At the end of Thursday's trading session on the Nairobi Securities Exchange.  A total of 19,290,800 shares in 1,218 deals, ...

Shares in Asia-Pacific mostly declined on Thursday, as Chinese tech stocks in Hong Kong came under pressure after regulatory fears resurfaced. ...

Oil prices fell for a third day on Thursday amid anxiety that supply may rise after the collapse of this ...

Stocks on wall street ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 15,587,500 shares in 1,202 deals, ...

Uganda has completely separated mobile money services from the regulation of the Uganda Communications Commission to the Bank of Uganda ...

Shares in Asia-Pacific were mixed on Wednesday following losses on Wall Street with the S&P 500 ending its seven-day winning ...

Diamond Trust Bank (DTK) has announced the appointment of Mr Jeremy Ngunze as the non-executive Director of the Bank with ...