Month: November 2021

At the end of today's trading session on the Nairobi Securities Exchange  A total of 28,282,200 shares in 1,324 deals, ...

Major Asia-Pacific markets fell in Tuesday trade as investors in the region continued to track developments surrounding the omicron variant. ...

The demand for electricity in Kenya hit a new record this week rising to a peak of 2,036MW, the highest ...

I&M Group has reported its financial results for the third quarter of 2021 with Profit after tax (PAT) surging 25.1% ...

Oil prices gave up gains on Tuesday, falling more than 2% along with broader financial markets after a media report ...

At the end of the first weekday of trading on the Nairobi Securities Exchange  A total of 23,949,600 shares in ...

Major markets in Asia-Pacific largely fell on Monday as investors continue to monitor developments surrounding the recently discovered omicron Covid variant. ...

The Board of Directors of the Nairobi Securities Exchange have declared a special dividend of Kes 0.50 per ordinary share ...

Housing Finance (HF Group) has narrowed its net loss by 22 per cent to Kes 569.91 million in the nine ...

Tanzania’s central bank has announced intentions to launch its central bank digital currency (CBDC) amid the global rise and the ...

 Oil prices rebounded on Monday as investors looked for bargains after Friday's slump and on speculation that OPEC+ may pause ...

Chinese markets weakened in line with other global markets, with the CSI index easing 0.6% and the Shanghai Composite Index ...

At the end of the last weekday of trading on the Nairobi Securities Exchange  A total of 68,021,400 shares in ...

Shares in Asia-Pacific dropped on Friday, with stocks in Hong Kong and Japan leading losses regionally as fears of a ...

Kenya’s financial services group Britam Holdings has announced the shock resignation of its managing director, Tavaziva Madzinga, after less than ...

Oil prices slid more than 2% on Friday on concerns that a global supply surplus could swell in the first ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 39,505,200 shares in 1,284 deals, ...

Crypto currencies counters in the Indian exchanges plunged sharply after the reports said the government is coming out with a ...

Shares in Asia-Pacific were mixed on Thursday as investors reacted to the Bank of Korea’s rate decision. South Korea’s Kospi dipped 0.47% ...

NCBA Group Plc has posted a 159 % growth in profits for the first nine months of the year ended ...

Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by ...

Nvidia rallied 2.9% on wall street as it bounced back from a selloff in Big Tech stocks early this week. ...

At the end of today's trading session on the Nairobi Securities Exchange  A total of 31,376,400 shares in 980 deals, ...

Shares in Asia-Pacific were mixed on Wednesday, with Japanese stocks leading losses regionally. The Nikkei 225 in Japan fell 1.58% to close ...

Jumia, Africa’s leading e-commerce platform, today announced the appointment of one of Africa’s most powerful and influential women in Kenya, ...

Oil prices fell on Wednesday as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global ...

The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 11,929,500 shares in 923 deals, ...

Shares in Asia-Pacific were mixed on Tuesday as investors watched for market reaction to U.S. President Joe Biden picking Jerome Powell for a second ...

Absa Bank Kenya’s net profit increased sharply to Kes 8.2 billion in the nine months ended September as provision for ...

Oil prices dropped on Tuesday, reversing gains in the previous session, on growing talk the United States, Japan and India ...

In extended trade, Zoom Video Communications jumped 6% on the Nasdaq after the video-conferencing company posted quarterly revenue that beat ...

At the end of the first weekday of trading on the Nairobi Securities Exchange  A total of 18,614,400 shares in ...

Mortgage lender Housing Finance (HF Group) has appointed its credit director Peter Mugeni Oduori as the managing director, effective November ...

Shares in Asia-Pacific were mixed on Monday as China kept its benchmark lending rate unchanged. The Hang Seng index in Hong Kong ...

The International Monetary Fund (IMF) has approved a zero-rated $372.4 million loan for Tanzania, aimed at supporting the country’s COVID-19 ...

Japanese Prime Minister Fumio Kishida signalled on Saturday he was ready to help counter soaring oil prices following a request ...

Global markets are up roughly 25% so far this year, and its path to get here has been nearly stumble-free, ...

Chipmaker Nvidia Corp rose 4.1% on the Nasdaq, to its third straight closing high, and the Philadelphia semiconductor index, up ...

At the end of the last weekday of trading on the Nairobi Securities Exchange  A total of 28,570,100 shares in ...

Asian markets were mainly lower on Friday as Hong Kong shares slumped, extending losses from the previous session as some ...

Kapchorua Tea Kenya, a listed firm engaged in the cultivation, manufacture and sale of tea, leapt from a loss-making territory ...

Oil prices rose on Friday, after wild swings the day before, on investor concerns that potential coordinated releases by the ...

At the end of today's trading session on the Nairobi Securities Exchange  A total of 9,761,700 shares in 911 deals, ...

Co-op Bank of Kenya has posted a Net Profit of Kes 11.6 Billion in the nine months period ending September ...

 Asia-Pacific markets traded mixed on Thursday, following overnight losses on Wall Street, as shares in Japan, Hong Kong and the Chinese ...

KCB Group more than doubled its Net Earnings to Kes 25.2 Billion at the end of the nine months period ...

Oil prices fell on Thursday, adding to an overnight plunge as China said it was moving to release reserves following ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 16,502,200 shares in 1,065 deals, ...

Declines across Asia-Pacific stocks were seen by Wednesday’s close, with data showing Japan’s exports growth hit an eight-month low. Markets ...

Kenya’s debt service costs, which are expected to surge by 22% this fiscal year, are set to rise even further ...

Oil prices dropped on Wednesday after U.S. gasoline stocks fell more than expected last week, which could heighten pressure on ...

The positive data helped wall street investors look past comments from St. Louis Federal Reserve President James Bullard, who called ...

At the end of today's trading session on the Nairobi Securities Exchange  A total of 3,306,600 shares in 1,009 deals, ...

Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. The world’s largest digital coin fell toward $60,000 during ...

Shares in Asia-Pacific were mixed on Tuesday as investors reacted to a virtual meeting between U.S. President Joe Biden and Chinese President Xi Jinping. Hong ...

Standard Chartered Bank Kenya (StanChart) has reported a 46.7 per cent jump in net profit for the nine months to ...

Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by ...

Wall Street indices closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology ...

At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 12,740,300 shares in ...

Nearly 20 Kenya-based companies have been blacklisted by the World Bank and the African Development Bank (AfDB), in less than ...

Shares in Asia-Pacific were mixed on Monday as investors reacted to the latest Chinese economic data for October. Mainland Chinese ...

Fuel prices will remain the same in this month’s EPRA review even with rising crude oil costs, subsidized by the ...

Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand. Brent crude futures fell 58 cents, or ...

The week ended mixed for global markets backed by inflation concerns and the risks of default from Chinese real estate ...

At the end of the last weekday of trading on the Nairobi Securities Exchange  A total of 15,209,900 shares in ...

Shares in Asia-Pacific advanced on Friday as technology shares mostly rose, following overnight gains for their counterparts on Wall Street. ...

Mortgage lender HF Group has formally started the hunt for a strategic investor after it invited suitors to place their ...

Oil prices slipped on Friday, wiping out gains from the previous session, as the dollar continued to rise on bets ...

Tesla Inc extended its decline, shedding 0.4% during trading on wall street following news that CEO Elon Musk sold about ...

At the end of today's trading session on the Nairobi Securities Exchange  A total of 29,285,100 shares in 1,722 deals, ...

Kenya Electricity Generating Company PLC (KenGen) has completed drilling the deepest geothermal well in Ethiopia reaching a depth of 3,000 ...

Asia-Pacific stocks were mixed on Thursday after data released overnight showed U.S. consumer inflation spiked in October. Shares of China Evergrande ...

Kenya is exploring the use of central bank digital currency (CBDC) to settle cross-border payments according to the country’s Central ...

 Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration ...

All three major wall street indices fell, extending their losses throughout the trading day and adding to Tuesday’s sell-off which ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 19,915,500 shares in 1,072 deals, ...

 Shares in Asia-Pacific were mixed on Wednesday as investors reacted to the release of Chinese inflation data for October. Hong ...

Safaricom Plc on Wednesday released its unaudited results for the six months ended 30 September 2021 with net profit for ...

Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell ...

Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 30,271,500 shares in 1,272 deals, ...

Shares in Asia-Pacific were mixed on Tuesday following overnight gains on Wall Street that took the major indexes to record ...

Oil prices rose for a third straight session on Tuesday as the passage of a U.S. infrastructure bill, Chinese exports ...

At the end of the first weekday of trading on the Nairobi Securities Exchange  A total of 6,768,200 shares in ...

Equity Group Holdings Plc has posted an increase of 85% in Pre-tax profit to Kes 36.6 Billion in the third ...

Shares in Asia-Pacific were mixed on Monday as investors reacted to China’s trade data released over the weekend. Mainland Chinese ...

The Kenya Shilling has been on a losing streak against the U.S Dollar in what analysts and forex traders attribute ...

Kenya Revenue Authority(KRA) collected Kes 154.383 Billion in Q2, 2021/22 financial year, a performance rate of 108.5% and a growth ...

Oil prices rose on Monday after Saudi Arabia's state-owned oil producer Aramco raised the official selling price for its crude, ...

At the end of September, Berkshire Hathaway's cash pile reached a record $149.2 billion, up from $144.1 billion in the ...

November started off on solid footing for global markets, with equity markets logging their best weekly return in more than ...

Fresh concerns have been raised about China’s property sector as Kaisa Group has become the latest developer to miss a ...

KRA had a surplus of Kes.5.9 billion in revenue from Domestic Taxes where Kes. 96.6 billion was collected against a ...

Wall Street’s benchmark indices scored record closing highs on Friday and booked solid gains for the week following a strong ...

At the end of the last weekday of trading on the Nairobi Securities Exchange A total of 7,770,400 shares in ...

Stocks in Asia-Pacific were mixed on Friday as shares in Hong Kong led to losses among the region’s major markets. ...

Bank of Kigali (BK Group Plc) has reported a Net Income of Kes 4.1 billion (US$ 36.6 million) an increase ...

Oil prices rose around 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise ...

At the end of today's trading session on the Nairobi Securities Exchange A total of 11,480,200 shares in 977 deals, ...