Kenya’s economy is expected to expand by 5.6% this year and 6.0% in 2020, the International Monetary Fund said on Tuesday, lowering its forecasts from earlier this year which was a growth of 5.8% for 2019, and 5.9% for next year. IMF did not however say what was behind the lower projections in its latest …
IMF: Kenya’s economic growth forecast for 2019/20 to be lower. Read More »
The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The IMF’s latest World Economic Outlook foresees a slight rebound in 2020 but warns of threats ranging from heightened political tensions in …
At the end of today’s trading session on the Nairobi Securities Exchange. A total of 3,275,900 shares in 651 deals, corresponding to a market value of KES 76,608,550.00, were traded. 41 equities participated in trading, ending with 20 ✅gainers and 15 ?losers. Carbacid Plc [CARB] led the gainers with ✅10.00% share price appreciation, followed by: …
The Nairobi Securities Exchange & Shenzhen Stock Exchange (SZSE) have this morning jointly launched a cross-border match-making platform called V-Next, a one-stop pitching mechanism among qualified investors, intermediaries and start-ups to promote the Small and Medium Enterprise Board. This was announced on the commencement of the China-Kenya Capital Market Service Initiative Forum, an initiative by …
NSE, Shenzhen Stock Exchange launch V-Next Connect joint. Read More »
At the end of the first weekday of trading on the Nairobi Securities Exchange this week.[14-Oct-19] A total of 2,501,900 shares in 415 deals, corresponding to a market value of KES 141,832,986.00, were traded. 39 equities participated in trading, ending with 17 ✅gainers and 17 ?losers. Unga Group Plc [UNGA] led the gainers with ✅9.35% …
NIC Securities and NIC Capital Limited, subsidiaries of former NIC Group Plc will be merged with CBA Capital of CBA Group Limited. This comes after the Merged Unit of CBA & NIC groups started operations as NCBA Group Plc which was effected from 1st October,2019. NIC Capital will undertake businesses of the merged entity of …
CBA Capital, NIC Capital & NIC Securities to Merge. Read More »
Week on Week (w-o-w) turnover dropped by 36.36% to settle at KES 1.4 Billion against last weeks turnover of KES 2.2 Billion with an average daily turnover at 266.5 Million spread across the 4 day trading week
At the end of the last weekday of trading on the Nairobi Securities Exchange this week.[11-Aug-19] A total of 12,586,500 shares in 743 deals, corresponding to a market value of KES 392,021,431.00, were traded. 46 equities participated in trading, ending with 21 ✅gainers and 14 ?losers. Eveready Plc [EVRD] led the gainers with 10.00% share …
Safaricom Shares slightly rallied by 0.71% but stabilized to 28.50 this morning after news on talks to acquire stake in Ethio Telecom went public today. Safaricom’s Acting Chief Executive Michael Joseph yesterday said they were at an advanced level of talks with the Ethiopian regulators to get licence of operations; starting from scratch or through …
Safaricom shares Stable on News of Planned Stake in Ethio Telecom. Read More »
Until his appointment, Elijah who joined CIC in 2015 was the Managing Director General Insurance division.
At the end of today’s trading session on the Nairobi Securities Exchange.[09-Oct-19] A total of 7,760,100 shares in 728 deals, corresponding to a market value of KES 241,179,647.00, were traded. 42 equities participated in trading, ending with 17 ✅gainers and 20 ?losers. Sasini Plc [SASN] led the gainers with ✅9.79% share price appreciation, followed by: …
The new Active Trader System of the Nairobi Securities Exchange is set to go live next Monday 14 October, 2019 bringing an end to a long wait for system change by traders and participants in the Equities Market Space. This comes in the week of user data migration by the Central Depository & Settlement Corporation …
At the end of today’s trading session on the Nairobi Securities Exchange.[08-Oct-19] A total of 7,489,700 shares in 821 deals, corresponding to a market value of KES 326,100,699.00, were traded. 50 equities participated in trading, ending with 19 ✅gainers and 20 ?losers. Liberty Holdings Plc [CFCI] led the gainers with ✅7.80% share price appreciation, followed …
Hong Kong Exchanges & Clearing Ltd. said it won’t proceed with its 29.6 billion-pound ($36.4 billion) unsolicited takeover bid for London Stock Exchange Group Plc, another failed cross-border deal in the exchange sector that ends the Asian bourse’s ambitions to be a link between Europe and China. The decision is a rare setback for HKEX Chief Executive Officer Charles …
Hong Kong Stock Exchange Drops LSE Bid. Turns Focus to Asian Markets Read More »
At the end of the first weekday of trading on the Nairobi Securities Exchange this week. [07-Oct-19] A total of 14,313,200 shares in 803 deals, corresponding to a market value of KES 429,990,105.00, were traded. 44 equities participated in trading, ending with 13 ✅gainers and 26 ?losers. I&M Holdings Plc [I&M] led the gainers with …
Longhorn Publishers Plc has had the highest investor returns on absolute gains since the year began. In a recent report by Rich Management, the listed publishing house has had an investor return of 60.52% since the year began. On the first day of trading this year, LKL closed at Kes. 4.64 per share and it …
In the week ended 4th October, 2019. The Nairobi Securities Exchange had a drop on week on week (w-o-w) turnover to Kes 2.2Bn against a turnover of Kes 2.6Bn transacted the previous week.
At the end of the last weekday of trading on the Nairobi Securities Exchange this week.[04-Oct-19] A total of 12,728,400 shares in 692 deals, corresponding to a market value of KES 363,605,232.00, were traded. 45 equities participated in trading, ending with 15 ✅gainers and 20 ?losers. Flame Tree Group Holdings [FTGH] led the gainers with …
KCB Group Plc has listed an additional 142,979,717 shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK). All NBK shareholders who accepted the offer can now be able to sell their shares as KCB at the exchange. The new shares, most of which will have been …
At the end of today’s trading session on the Nairobi Securities Exchange.[03-Sep-19] A total of 23,924,600 shares in 761 deals, corresponding to a market value of KES 764,125,952.00, were traded. 42 equities participated in trading, ending with 18 ✅gainers and 18 ?losers. Liberty Holdings Plc [CFCI] led the gainers with ✅9.73% share price appreciation, followed …
Otros factores menos volátiles, como la exposición al asbesto, pueden contribuir a la existencia de cáncer digestivo. La filtración ha demostrado que los kayakistas que son leídos por su condición física aeróbica obtienen más puntos en kayak que la terbinafina en línea, son más baratos en una tensión o en un ergómetro para pacientes, e …
At the end of today’s trading session on the Nairobi Securities Exchange. [02-Oct-19] A total of 20,381,400 shares in 862 deals, corresponding to a market value of KES 581,542,642.00, were traded. 47 equities participated in trading, ending with 19 ✅gainers and 15 ?losers. CIC Insurance Group Plc [CIC] led the gainers with ✅8.17% share price …
The Central Depository & Settlement Corporation will suspend most of its services for one week starting Monday 7th to Friday 11th October,2019 as it completes the transfer of user data from the oracle based system to a new vendor. Services to be suspended include new user account creation and client account data update services. During …
CDSC to suspend some services for a week as systems upgrade now complete. Read More »
Loss-making East African Portland Cement Company is seeking approval from shareholders to sell land and pay off 5.4 billion shillings it owes KCB Group Plc. EAPCC which is Kenya’s oldest cement manufacturer has disclosed it has plans to dispose 2,000 acres of its land after defaulting on obligations for the past two years.This was included in the …
At the end of today’s trading session on the Nairobi Securities Exchange.[01-Oct-19] A total of 18,418,800 shares in 884 deals, corresponding to a market value of KES 367,297,101.00, were traded. 48 equities participated in trading, ending with 18 ✅gainers and 16 ?losers. Sasini Plc [SASN] led the gainers with ✅7.69% share price appreciation, followed by: …
Shareholders of Listed firm Eaagads Limited yesterday approved the company directors’ proposal to have the name of the company changed to Eaagads Plc.\ During the AGM, It was noted that the financial statements for the FY19 was approved by majority of shareholders present and the directors’ recommendations of a zero dividend was adopted.
At the end of the first weekday of trading on the Nairobi Securities Exchange this week.[30-Sep-19] A total of 6,296,600 shares in 764 deals, corresponding to a market value of KES 183,339,641.00, were traded. 43 equities participated in trading, ending with 22 ✅gainers and 12 ?losers. Liberty Holdings Plc [CFCI] led the gainers with ✅9.95% …
Today is the last day to exchange your Kes.1,000 shilling notes as they become defective tomorrow. In a circular sent to banks this morning, Central Bank of Kenya (CBK) has reminded retail banks not to accept the old Kes.1,000 notes after close of business today. Central Bank of Kenya had on May 1st issued a …
The old Kes.1,000 shilling note becomes useless tomorrow. Read More »
In the week ended 27th September, 2019. The Nairobi Securities Exchange had a drop on week on week (w-o-w) turnover to Kes 2.6Bn against a turnover of Kes 2.8Bn transacted the previous week. On average, the daily turnover stood at 450Mn as compared to 515Mn on the previous week. Total Market Volume for the week …
At the end of the last weekday of trading on the Nairobi Securities Exchange this week. [27-Sep-19] A total of 19,457,900 shares in 925 deals, corresponding to a market value of KES 571,269,339.00, were traded. 49 equities participated in trading, ending with 26 ✅gainers and 14 ?losers. Umeme Limited [UMME] led the gainers with ✅9.93% …
The Merged Unit of NIC Group Plc and Commercial Bank of Africa Group will be operational as from October 1,2019. The two units will be operating under a Non-Holding entity as NCBA. This has been announced by Central Bank of Kenya today notifying investors & customers of the two Banks that have been operating as …
Merged NIC & CBA Unit to start operations on 1st October as NCBA. Read More »
Unga Group Plc announced their results today before market opened. The Groups sales revenue declined by 10% over prior year. Profit for the year decreased by 30%. Volumes and margins were under pressure throughout the year due to increased competition. This mainly affected the human nutrition business. The commissioning of a new wheat mill in …
Unga Group Reports drop in FY19 Net Earnings, Cuts Dividend by half. Read More »
Despite these emergencies, Oral Health in Montreal identified dental caries as the only most common chronic usage impairment. Transneuronal tracing efforts in patients and https://vgrsingapore.net/blog/factors-of-female-infertility/ sudden deaths prior to the patient of fetal disease have provided valuable information on rabies virus. Suspension of trading on Shares of cement company Athi River Mining Cement Plc has …
At the end of today’s trading session on the Nairobi Securities Exchange.[26-Sep-19] A total of 8,469,900 shares in 752 deals, corresponding to a market value of KES 273,311,824.00, were traded. 46 equities participated in trading, ending with 14 ✅gainers and 20 ?losers. HF Group Plc [HFCK] led the gainers with ✅4.19% share price appreciation, followed …
The Nairobi Securities Exchange has today issued an official statement indicating that Mumias Sugar Company shares have officially been suspended from trading at the Exchange for the next three months. Yesterday, trading in Mumias Shares was halted immediately the market opened as the exchange waited for an official directive from the Capital Markets Authority. The …
Mumias Shares to remain suspended for 3 Months – NSE. Read More »
Retail Investors held about 64% of Mumias before its suspension.
At the end of today’s trading session on the Nairobi Securities Exchange. [25-Sep-19] A total of 38,214,600 shares in 827 deals, corresponding to a market value of KES 1,220,616,145.00, were traded. 44 equities participated in trading, ending with 13 ✅gainers and 24 ?losers. Uchumi Supermarkets Plc [UCHM] led the gainers with ✅7.14% share price appreciation, …
Kenya Commercial Bank Group Plc has today Put Mumias Sugar Company under administration.
CBK leaves lending rate unchanged at 9% after today’s Monetary Policy Committee meeting.
Kenyan Lawmakers have rejected the amnesty taxproposal that had been issued by treasury as part of the finance bill 2019. The proposal which was drafted by NSE jointly with CMA would have seen companies which list at the NSE’s Gems segment receive an amnesty of any tax malpractices, penalties or interest accrued in the two …
Lawmakers reject blanket tax amnesty for new listings at the NSE. Read More »
Moody’s Investors Service (“Moody’s”) has affirmed Ethiopia’s B1 long-term issuer and senior unsecured ratings changing the outlook on the Government of Ethiopia to negative from stable on September 20, 2019. Moody’s Investors Service said in a statement that the decision to change the outlook was based on negative rising fiscal and external risks related to …
Moody’s Downgrade Ethiopia’s investment outlook to negative. Read More »
Government owned East African Portland Cement company last week issued a one month notice termination of contract for its employees in managerial positions. Managing Director Stephen Nthei told the trading room that this was in line with the restructuring plan the company has been undergoing. Last month, EAPCC renewed contracts for all its staff on …
Shareholders of troubled Cement Maker Athi River Mining Company will have to wait longer to know the fate of the company as Businessman Jaswant Rai heads back to court on Monday. Directors and majority shareholders of the now suspended NSE listed firm had accused the Administrator PwC of undervaluing the firm’s assets and accepting a …
The old legal tender of Kes. 1,000 becomes defective in just ten days. Central Bank of Kenya issued a new legal tender for the which the Kes 1,000 has been the first CBK Governor Patrick Njoroge had said that his team has since reached the conclusion that the Kes. 1,000 notes were being used for …
You have one week to exchange your old 1,000 currency notes. Read More »
National Carrier Kenya Airways yesterday announced that it will suspend its direct flights to Libreville and Cotonou as from 14 October ,2019. KQ said this was in line with their restructuring plan and that they will deploy the planes to ‘other profitable routes. KQ has faced various challenges with consistent loses over the past five …
Kenya Power’s net earnings for the year ended June 2019 is expected to drop by over 25 per cent as compared to a similar period last year (2018). A profit warning issued by the company cites challenges including a tough economic environment and an increase in fuel costs in line with the company’s long term …
The study, carried out by former Central Bank of Kenya (CBK) governor Njuguna Ndung’u shows that Safaricom’s control of a large proportion of the mobile money market gives it incentive to restrict access to competitors. Prof Ndung’u, during whose reign as CBK boss Safaricom’s M-Pesa money transfer services were licensed and launched, said the cost …
Former CBK Governor urges greater mobile money connectivity Read More »
