Investor Watch

KCB Group CEO Oigara

KCB GROUP PLC POSTS KSHS.34.2B IN FULL-YEAR 2021 PROFIT AFTER TAX

Growth in total income and reduction in loan loss provision charge pushed performance by 74% in steady post-COVID-19 recovery KCB Group Plc recorded a historic 74% rise in profit after tax for the full year ending December 2021, riding on an economic recovery across markets.   Net profit grew to KShs.34.2 billion compared to KShs.19.6 …

KCB GROUP PLC POSTS KSHS.34.2B IN FULL-YEAR 2021 PROFIT AFTER TAX Read More »

Tavaziva Madzinga

Britam’s CEO Tavaziva Madzinga Quits after 10 Months in Office

Kenya’s financial services group Britam Holdings has announced the shock resignation of its managing director, Tavaziva Madzinga, after less than one year in office. The announcement comes barely 10 months after he joined the company on 1st February 2021 following the retirement of Dr Benson Wairegi who had served in the company for more than four decades. …

Britam’s CEO Tavaziva Madzinga Quits after 10 Months in Office Read More »

Image of Allianz flag

Allianz Completes Acquisition of Majority Stake in Jubilee Insurance Uganda

Allianz, one of the world’s leading insurers and asset managers, has completed the acquisition of a majority stake in Jubilee Insurance Company of Uganda Limited. Allianz became the majority shareholder in Jubilee Insurance Company of Uganda Limited after completing the transaction to acquire a 66% stake in the company from Jubilee Holdings Limited (JHL), East …

Allianz Completes Acquisition of Majority Stake in Jubilee Insurance Uganda Read More »

Oil Crude prices

Oil Prices Climb to the highest since 2014 as Recovery from COVID-19 Boost Demand

Oil prices hit their highest in years on Monday as demand continues its recovery from the Covid-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures rose 87 cents, or 1%, to $85.73 a barrel by 0111 GMT, the highest price since October 2018. …

Oil Prices Climb to the highest since 2014 as Recovery from COVID-19 Boost Demand Read More »

NSE

Market Report; 11 August 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 11,895,500 shares in 953 deals, corresponding to a market value of KES 523,364,684.00, were traded. Compared with the previous NSE trading day (Tuesday, August 10), today’s data shows 44% decline in volume, 3% decline in turnover, and 24% decline in …

Market Report; 11 August 2021 Read More »

Jennifer Karina

Kenya-Re Appoints Jennifer Karina as Board of Directors Chair

Mrs Jennifer Karina has been appointed as the chairperson of the Board of Directors at Kenya Reinsurance Corporation, with effect from 8th July 2021. Jennifer Karina has been in corporate leadership for over 40 years. She is a Psychologist, Certified Professional Coach, Energy Leadership Practitioner, acclaimed Speaker& Author.  She is a thought leader in Relationship …

Kenya-Re Appoints Jennifer Karina as Board of Directors Chair Read More »

asia

Asian Stocks Rise, Japan’s Nikkei 225 Lead Gains

Shares in Asia-Pacific largely rose on Tuesday, with shares in Japan leading gains among the region’s major markets. In Japan, the Nikkei 225 jumped 3.12% to close at 28,884.13, largely recovering from a more than 3% tumble on Monday. The Topix index gained 3.16% to 1,959.53. Mainland Chinese stocks edged higher on the day as the Shanghai composite gained 0.8% …

Asian Stocks Rise, Japan’s Nikkei 225 Lead Gains Read More »

NSE

Market Report; 16 June 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 14,611,100 shares in 857 deals, corresponding to a market value of KES 498,048,099.00, were traded. Compared with the previous NSE trading day (Tuesday, June 15), today’s data shows 20% improvement in volume, 42% improvement in turnover, but 8% decline in …

Market Report; 16 June 2021 Read More »

Abojani

Abojani to Offer Free Masterclass on Investing in the US Markets this Saturday

Abojani Investment, a Nairobi based, diversified digital-first personal finance company, will host the Kenyan-born US Based financial educator Peter Njoroge on the Saturday, the 19th of June from 3pm East African Time in an online webinar on investing in offshore shares such as Amazon, Apple and Zoom. In the webinar, Kenyans interested in diversifying their …

Abojani to Offer Free Masterclass on Investing in the US Markets this Saturday Read More »

NSE Nairobi Securities Exchange

Market Report; 18 May, 2021

At the end of today’s trading session on the Nairobi Securities Exchange. A total of 13,190,600 shares in 1,051 deals, corresponding to a market value of KES 472,964,050.00, were traded. Compared with the previous NSE trading day (Monday, May 17), today’s data shows 57% decline in volume and 57% decline in turnover. The current market …

Market Report; 18 May, 2021 Read More »

Kengen

KenGen’s US$6.5 Million Djibouti Power Project begins Next Month

Kenya Electricity Generating Company(KenGen) is set to begin drilling works on the $6.5 Million(Kes 709.8 Million) Geothermal Power Project, starting June this year. This International contract was awarded to the Kenyan electricity giant company three months ago, following an agreement with the Djiboutian Office of Geothermal Energy Development (ODDEG). The project involves drilling three geothermal wells at …

KenGen’s US$6.5 Million Djibouti Power Project begins Next Month Read More »

NSE market Report

Market Report; 12 May, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 11,113,200 shares in 872 deals, corresponding to a market value of KES 349,087,720.00, were traded. Compared with the previous NSE trading day (Tuesday, May 11), today’s data shows 50% decline in volume, 61% decline in turnover, and 15% decline in …

Market Report; 12 May, 2021 Read More »

Image of NSE

Market Report; 11 May, 20221

At the end of today’s trading session on the Nairobi Securities Exchange A total of 22,385,500 shares in 1,030 deals, corresponding to a market value of KES 906,173,194.00, were traded. Compared with the previous NSE trading day (Monday, May 10), today’s data shows 37% decline in volume, 33% decline in turnover, but 1% improvement in …

Market Report; 11 May, 20221 Read More »

Asia Trader

Asian Markets Edge Lower after U.S Tech Sell-off

Most Asia-Pacific markets came under pressure on Tuesday, following a sell-off in tech stocks that weighed down major U.S. indexes overnight. Stocks in Taiwan led declines across the region, with the benchmark Taiex ending the trading session 3.79% lower. Japanese stocks also recorded losses with Nikkei 225 shedding 3.08% at the close, while the Topix moved 2.37% …

Asian Markets Edge Lower after U.S Tech Sell-off Read More »

NSE Nairobi Securities Exchange

Market Report; 10 May, 2021

At the end of the first weekday of trading on the Nairobi Securities Exchange A total of 35,760,700 shares in 1,016 deals, corresponding to a market value of KES 1,347,748,767.00, were traded. Compared with the previous NSE trading day (Friday, May 7), today’s data shows 25% improvement in volume, 34% improvement in turnover, but 11% …

Market Report; 10 May, 2021 Read More »

Asian Markets

Asian Stock Markets Mainly Higher, Despite a Lower than Expected U.S Job Reports

Stock markets in Asia-Pacific were broadly higher on Monday, shrugging off the weaker-than-expected April U.S. jobs reports; while oil futures advanced. South Korea’s Kospi was one of the largest gainers, rising 1.6% in the first session of the week. In Japan, the Nikkei 225 rose 0.5% and the Topix jumped 1%. Greater China markets were mixed. The Shanghai composite was marginally …

Asian Stock Markets Mainly Higher, Despite a Lower than Expected U.S Job Reports Read More »

KQ

KQ Signs Interline Deal with South Africa’s regional carrier Airlink

National carrier Kenya Airways (KQ) has signed an interline agreement with South Africa’s regional carrier, Airlink. The deal will enable Kenya Airways customers flying to South Africa to connect with Airlink operated flights to Windhoek, Durban, Gaborone, Maseru, Pemba, Maputo, and Port Elizabeth. The agreement will also enable Airlink passengers to book a through ticket …

KQ Signs Interline Deal with South Africa’s regional carrier Airlink Read More »

NSE Market Report

Market Report; 06 May, 2021

At the end of today’s trading session on the Nairobi Securities Exchange. A total of 17,803,700 shares in 992 deals, corresponding to a market value of KES 728,187,586.00, were traded. Compared with the previous NSE trading day (Wednesday, May 5), today’s data shows 136% improvement in volume, 192% improvement in turnover, and 4% improvement in …

Market Report; 06 May, 2021 Read More »

NSE Nairobi Securities Exchange STOCK MARKET

Market Report; 05 May, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 7,540,900 shares in 955 deals, corresponding to a market value of KES 249,384,421.00, were traded. Compared with the previous NSE trading day (Tuesday, May 4), today’s data shows 47% decline in volume, 50% decline in turnover, and 3% decline in …

Market Report; 05 May, 2021 Read More »

Asia Pacific Stock

Asian Markets Rise Despite Wall street Decline.

Australian shares rose on Wednesday while some of the other major Asia-Pacific markets are closed for the day. The benchmark ASX 200 traded 0.7% higher at 7,117.60, with the heavily-weighted financials subindex up 0.84%. Energy and materials were up 0.9% and 1.2%, respectively as major miners and oil stocks mostly advanced. In Taiwan, the Taiex was up 0.36% while …

Asian Markets Rise Despite Wall street Decline. Read More »

asia

Asian Pacific Stocks Mixed Amidst Inflation Concerns.

Stocks in Asia-Pacific were mixed in Tuesday afternoon trade with major markets in Japan and China still closed for holidays. Hong Kong’s Hang Seng index rose 0.25% by the afternoon. In Taiwan, the Taiex looked poised for another day of losses as it dropped 2.05%. Over in South Korea, the Kospi slipped 0.23%. In Australia, the S&P/ASX 200 edged 0.43% higher. Investors also …

Asian Pacific Stocks Mixed Amidst Inflation Concerns. Read More »

NSE

Market Report; 03 May, 2021

At the end of the first weekday of trading on the Nairobi Securities Exchange. A total of 5,630,300 shares in 847 deals, corresponding to a market value of KES 187,067,094.00, were traded. Compared with the previous NSE trading day (Friday, April 30), today’s data shows 58% decline in volume, 60% decline in turnover, and 11% …

Market Report; 03 May, 2021 Read More »

Ether

Ether Breaks above $3K , Top Nigerian Hotel Accepts Payment in Bitcoin

Ether  (ETH), the second-largest cryptocurrency by market capitalization, went above $3,000 Sunday for the first time in history. At press time, ether’s changing hands at $3,085.97, up more than 5.6%  in the past 24 hours. Ether’s impressive gains came as the demand for digital currency has soared. The total market capitalization for decentralization finance (DeFi) …

Ether Breaks above $3K , Top Nigerian Hotel Accepts Payment in Bitcoin Read More »

Asia Trader

Asian Markets Edge Lower, Amidst Uncertainty on Global Economic Recovery

Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session. Australia’s ASX 200 fell 0.7% as all sectors turned red. Energy and materials were down 1.4% and 0.92%, respectively, while the heavily-weighted financials subindex lost 0.46%. The Japanese market returned to trade after being closed Thursday for a …

Asian Markets Edge Lower, Amidst Uncertainty on Global Economic Recovery Read More »

Oil Refinery

Oil Prices Slip From a Six Week High, Rising Cases of COVID-19 Outweighs Demand Outlook

Oil prices slipped on Friday after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery. Brent crude fell 26 cents, or 0.4 per cent, to $68.30 a barrel by 0041 GMT, the last …

Oil Prices Slip From a Six Week High, Rising Cases of COVID-19 Outweighs Demand Outlook Read More »

NSE trader

Market Report; 29 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 15,202,300 shares in 1,033 deals, corresponding to a market value of KES 543,474,930.00, were traded. Compared with the previous NSE trading day (Wednesday, April 28), today’s data shows 2% decline in volume, 7% improvement in turnover, and 24% improvement in …

Market Report; 29 April, 2021 Read More »

Image of NSE

Market Report; 28 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 15,524,400 shares in 836 deals, corresponding to a market value of KES 509,974,469.00, were traded. Compared with the previous NSE trading day (Tuesday, April 27), today’s data shows 15% decline in volume, 3% decline in turnover, and 14% decline in …

Market Report; 28 April, 2021 Read More »

NSE Nairobi Securities Exchange STOCK MARKET

Market Report; 27 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 18,300,200 shares in 970 deals, corresponding to a market value of KES 528,012,681.00, were traded. Compared with the previous NSE trading day (Monday, April 26), today’s data shows 50% improvement in volume, 31% improvement in turnover, and 3% improvement in …

Market Report; 27 April, 2021 Read More »

Asia

Asian Pacific Stocks Edge Lower Amidst Concerns About the Pandemic

Shares in Asia-Pacific were lower in Tuesday trading as concerns about the pandemic continued to linger. In Japan, the Nikkei 225 shed 0.15% while the Topix index shed 0.44%.   The Bank of Japan on Tuesday announced its decision to keep monetary policy steady. The Japanese central bank also revised downward its forecast for core inflation in …

Asian Pacific Stocks Edge Lower Amidst Concerns About the Pandemic Read More »

Asian Markets

Asian Stock Markets Hit Six Week High, Investors Watch Out For U.S GDP Data.

Asian stocks climbed to six-week highs on Monday amid signs the world economic recovery was still well on track, though rising COVID-19 cases in the region weighed on sentiment, pushing oil prices lower. In morning trade, the Nifty 50 in India jumped about 1.2%, while the BSE Sensex advanced 1.32%.   Elsewhere regionally, the Nikkei …

Asian Stock Markets Hit Six Week High, Investors Watch Out For U.S GDP Data. Read More »

NSE Nairobi Securities Exchange STOCK MARKET

Market Report; 22 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange  A total of 10,457,000 shares in 947 deals, corresponding to a market value of KES 362,499,710.00, were traded. Compared with the previous NSE trading day (Wednesday, April 21), today’s data shows 69% decline in volume, 66% decline in turnover, and 25% decline in …

Market Report; 22 April, 2021 Read More »

CMA Markets

Market Capitalization Increases by 20.88 % in Q1 2021.

Market performance at the Nairobi Securities Exchange has shown considerable improvement on both equities and bonds according to data from the Capital Markets Authority Quarterly Statistical Bulletin. The Authority said Market capitalization increased by 20.88% to Kes. 2.44 trillion registered in Q1. 2021 from Kes. 2.01 trillion in Q1. 2020. This same trajectory was also …

Market Capitalization Increases by 20.88 % in Q1 2021. Read More »

Asia trader

Asian Markets Rise, Japanese Shares Lead Gains

Stocks in Asia-Pacific rose on Thursday, with Japanese shares leading gains among the region’s major markets. The Nikkei 225 in Japan jumped 2.38% to close at 29,188.17, recovering partially from two days of losses earlier in the week. The Topix index gained 1.82% to finish the trading day at 1,922.50. South Korea’s Kospi closed 0.18% higher at 3,177.52. Stocks …

Asian Markets Rise, Japanese Shares Lead Gains Read More »

Wall Street Dow Nasdaq

Wall Street Rebounds, Nasdaq Leads Index Rally, Netflix Plummets 7% on Earnings

Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc’s sell-off after its disappointing results a day earlier. Shares of Netflix slumped 7.4%, one of the largest on wall street after the world’s largest streaming service said …

Wall Street Rebounds, Nasdaq Leads Index Rally, Netflix Plummets 7% on Earnings Read More »

NSE

Market Report; 21 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 33,717,000 shares in 1,261 deals, corresponding to a market value of KES 1,060,895,182.00, were traded. Compared with the previous NSE trading day (Tuesday, April 20), today’s data shows 117% improvement in volume, 120% improvement in turnover, and 19% improvement in …

Market Report; 21 April, 2021 Read More »

Asia

Asian Pacific Stocks Mixed as Rising COVID-19 Cases in India Impairs Economic Outlook

Stocks in Asia-Pacific largely fell on Wednesday as a surge in coronavirus cases in countries like India weighed on the economic outlook and investor sentiment. In Japan, the Nikkei 225 dropped 2.03% to close at 28,508.55 — its second straight day of 2% declines. The Topix index slipped 1.98% to finish the trading day at 1,888.18. South …

Asian Pacific Stocks Mixed as Rising COVID-19 Cases in India Impairs Economic Outlook Read More »

oil

Oil Drops Towards $62K as Rising COVID-19 Cases in India Impairs Demand Outlook.

Oil prices edged lower for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world’s third-biggest oil importer. Brent crude futures for June fell 48 cents, or 0.7%, to $66.09 a barrel at 0515 GMT, after dropping 48 cents on Tuesday. U.S. …

Oil Drops Towards $62K as Rising COVID-19 Cases in India Impairs Demand Outlook. Read More »

NSE market Report

Market Report; 20 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange. A total of 15,533,100 shares in 1,056 deals, corresponding to a market value of KES 483,281,971.00, were traded. Compared with the previous NSE trading day (Monday, April 19), today’s data shows 220% improvement in volume, 281% improvement in turnover, and 23% improvement in …

Market Report; 20 April, 2021 Read More »

Brent Crude Oil price wti

Oil Prices Gain Amidst Concerns on Rising Global COVID-19 Cases.

Oil prices rose on Tuesday, supported by a weaker U.S. dollar which boosts demand for dollar-denominated assets from buyers holding foreign currencies. Additionally, there are expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains. Brent crude futures for June delivery rose by …

Oil Prices Gain Amidst Concerns on Rising Global COVID-19 Cases. Read More »

asian markets

Asian Markets Edge Higher, Investors React to China Data Release

Shares in Asia-Pacific edged higher on Friday as investors reacted to the release of Chinese economic data. Mainland Chinese stocks closed higher as the Shanghai composite gained 0.81% to 3,426.62 while the Shenzhen component advanced 0.296% to 13,720.74. Hong Kong’s Hang Seng index rose 0.76%, as of its final hour of trading. China’s gross domestic product surged 18.3% in the first three …

Asian Markets Edge Higher, Investors React to China Data Release Read More »

Jubilee holdings

Jubilee Holdings Post a Profit Before Tax of Kes 5.08 Billion for FY2020.

Jubilee Holdings Limited, East Africa’s largest insurance group, has posted a profit before tax of Kes. 5.08 billion for the financial period ended 31st December 2020, a 1.4%  increase compared to the same period in 2019. The group attributed the profit to the confidence placed in the Group by their clients, continued focus on sound …

Jubilee Holdings Post a Profit Before Tax of Kes 5.08 Billion for FY2020. Read More »

NSE Market Report

Market Report: 15 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 12,024,900 shares in 942 deals, corresponding to a market value of KES 365,656,171.00, were traded. Compared with the previous NSE trading day (Wednesday, April 14), today’s data shows 25% decline in volume, 27% decline in turnover, but 2% improvement in …

Market Report: 15 April, 2021 Read More »

Asian Markets

Asian Markets Mixed, China Markets Lead Losses

 Stocks in Asia-Pacific were mixed in Thursday trade, with Australia’s jobs data for March beating expectations. In Australia, the S&P/ASX 200 gained 0.39%. Australia’s unemployment rate for March came in at 5.6%, according to seasonally adjusted estimates released by the Australian Bureau of Statistics (ABS) on Thursday, against expectations of a 5.7% reading. Data from the ABS …

Asian Markets Mixed, China Markets Lead Losses Read More »

Crude Oil Prices

Oil Prices Hover Near One Month High as OPEC+ Raises Demand Forecast

Oil prices tumbled on Thursday after holding around one-month highs in the previous session, having surged at around 5% after the International Energy Agency (IEA) and OPEC raised forecasts for oil demand despite the prevailing coronavirus Pandemic. Brent crude was down by 21 cents, or 0.3%, at $66.37 a barrel by 0129 GMT, after gaining …

Oil Prices Hover Near One Month High as OPEC+ Raises Demand Forecast Read More »

NSE

Market Report; 14 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange A total of 15,980,200 shares in 921 deals, corresponding to a market value of KES 499,040,227.00, were traded. Compared with the previous NSE trading day (Tuesday, April 13), today’s data shows 6% improvement in volume, 35% decline in turnover, and 3% decline in …

Market Report; 14 April, 2021 Read More »

Oil Price

Oil Prices Rally as OPEC Raises its Demand Outlook Amidst Drawdown on U.S Stockpile

Oil extended gains on Wednesday during early Asian trading hours after an industry report pointed to another decline in U.S. crude stockpiles followed by OPEC raising its outlook for oil demand. Brent crude futures rose 28 cents, or 0.4%, to $63.95 a barrel at 0057 GMT, after climbing 39 cents on Tuesday. U.S. West Texas …

Oil Prices Rally as OPEC Raises its Demand Outlook Amidst Drawdown on U.S Stockpile Read More »

NSE Market Report

Market Report; 13 April, 2021

At the end of today’s trading session on the Nairobi Securities Exchange  A total of 15,035,600 shares in 952 deals, corresponding to a market value of KES 770,605,579.00, were traded. Compared with the previous NSE trading day (Monday, April 12), today’s data shows 43% improvement in volume and 95% improvement in turnover. The current Nairobi …

Market Report; 13 April, 2021 Read More »