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…
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…
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…
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…
Nation Media Group (NMG) Board of Directors has recommended that the firm’s shareholders effect the Share Buyback plan by way of open market purchases through on the Nairobi Securities Exchange…
Gold prices inched up on Wednesday, hovering near a four-month high on a weaker dollar, while investors awaited minutes from the U.S. Federal Reserve’s last policy meeting as inflation worries…
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…
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…
The three directors are some of the longest-serving members on the NSE board and their retirement is in line with the code of corporate governance practices.
Safaricom’s board has proposed a final dividend per share (DPS) of Kes 0.92 amounting to Kes 36.86 billion for approval at the next Annual General Meeting (AGM).”
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…
Oil prices rose on Wednesday after a drop in U.S. crude inventories reinforced OPEC's robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage.
U.S. West Texas…
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…
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…
The Kenya Civil Aviation Authority has suspended all flights to and from Somalia. In a notice issued to airmen on Tuesday, the Kenya Civil Aviation Authority said it had suspended…
Oil prices fell on Tuesday as the prospect of the main U.S. East Coast gasoline pipeline remaining shut for the rest of this week led some U.S. Gulf Coast refiners…
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…
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…
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…
Ether[ ETH], the second-largest cryptocurrency by market capitalization, has reached an all-time high of $4,000.
As of 10.00 A.M East African Time, ether was trading at $4,130.26, a 4% gain. ETH,…
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…
Asia-Pacific stock markets traded mixed on Thursday as investors look ahead to the U.S. jobs report due later this week for clues about how long the Fed will stay on…
Oil prices fell on Thursday as gasoline inventories in the United States, the world’s largest oil consumer, rose for a fifth consecutive week, although a draw in crude stockpiles helped…
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…
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…
Oil prices edged higher on Wednesday, extending gains from the previous session after industry data indicated U.S. crude stocks fell much more than expected last week, reinforcing bullish views on…
Kenya and Tanzania have signed a multimillion-dollar deal for a gas pipeline that will run between the coastal cities of Mombasa and Dar es Salaam.
Tanzanian President Samia Suluhu made her…
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…
Oil prices added to overnight gains on Tuesday, as more U.S. states eased lockdowns and the European Union sought to attract more travellers, which would help offset weakened fuel demand…
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…
Asian stock markets are mostly lower on Monday, following broadly negative cues from Wall Street on Friday. The markets are cautious amid the surge in coronavirus cases in the region,…
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…
Homeboyz instituted some cost-cutting measures which resulted in a 49% drop in direct costs and a 63% drop in administrative expenses.
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…
Standard Group Plc Posted a loss before tax of Kes 434 million during the financial period ended 31st December 2020, a 36% improvement from the Kes 684 million posted during…
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…
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…
Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and…
The value of NMG’s total assets decreased to Kes11.82 billion at the end of 2020 from Kes12.1 billion at the end of 2019. Its total liabilities also fell to Kes3.89…
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 government has stated it will ensure Kenya Power pays its debt to KenGen and other power producers.
This comes after concerns were raised that the electricity distributor’s default could hurt…
Shares in Asia-Pacific were mixed on Wednesday; however, already-high valuations ahead of the U.S. Federal Reserve’s latest policy decision capped gains.
In Japan, the Nikkei 225 rose by 0.21% to close…
Ethereum, the second-largest cryptocurrency by market capitalization, was up on Wednesday, trading around $2,589.10 as of 10.00 A.M East African Time, a 1.4% rise following a more than 5% rally…
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…
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%.
Nikkei 225 Index Performance Chart
The…
Oil was up Tuesday morning in Asia, bouncing back from the previous session’s drops. However, investors remained concerned about fuel demand recovery as the number of COVID-19 cases in India,…
At the end of the first weekday of trading on the Nairobi Securities Exchange
A total of 12,204,800 shares in 939 deals, corresponding to a market value of KES 402,037,402.00, were…
For the first time in six days, Bitcoin rose past $52,000 as bulls pushed prices higher in early Asia trading hours Monday.
In a rally that appeared to start around 22:00…
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…
At the end of the last weekday of trading on the Nairobi Securities Exchange
A total of 10,296,000 shares in 1,030 deals, corresponding to a market value of KES 378,565,951.00, were…
Kenya's national carrier Kenya Airways Plc [KQ] and DR Congo national carrier have signed a partnership agreement.
The partnership, which was signed on Thursday, will make it easier for the KQ…
Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India’s…
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…
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…
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…
Absa Group has announced the resignation of the Group Chief Executive Daniel Mminele.
In a statement issued by the group, Absa said they had reached an agreement with Daniel Mminele to…
Gold prices rose on Thursday to hover near an eight-week high touched in the last session, as a sagging dollar and weaker U.S. Treasury yields boosted the metal’s appeal, while…
Bamburi Cement has posted a profit after tax of Kes 1.12 Billion the financial period ended 31st December 2021, a 212% growth in revenue from the Kes 359 million that…
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…
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…
Traders will now be able to buy and sell derivative contracts on the NSE derivatives market through an online platform after EGM Securities gained approval to perform the transactions.
According to a statement…
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…
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…
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…
Gold prices slipped on Tuesday after hitting a seven-week high in the previous session, as a rise in U.S. Treasury yields eclipsed support from a weaker dollar.
Spot gold was down 0.2%…
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…
At the end of the first weekday of trading on the Nairobi Securities Exchange.
A total of 4,860,300 shares in 860 deals, corresponding to a market value of KES 126,795,375.00, were…
The price of bitcoin tumbled over the weekend and was down as much as 19.5% from record highs of $ 62,000 posted by the largest cryptocurrency in the past week.
On…
The Nairobi Securities Exchange (NSE) closed positive during the week, backed by local and international economic data coming from China and earnings release by listed banks on the U.S Exchanges and…
At the end of the last weekday of trading on the Nairobi Securities Exchange
A total of 11,280,100 shares in 881 deals, corresponding to a market value of KES 314,012,481.00, were…
Liberty Kenya, a subsidiary of South Africa based Liberty Holdings, has posted a 2% decline in profit after tax to Kes 676 million during the financial period ended 31st December…
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%…
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…
Oil prices extended gains on Friday, recording a weekly gain of more than 6% with an improved oil demand outlook and strong economic recoveries in China and the United States,…
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 Energy and Petroleum Regulatory Authority(EPRA) has retained Diesel, Petrol and Kerosene’s price between 15th April and May 14th, 2021.
This is despite an increase in the landing cost of crude…
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%.
ASX 200 Index Performance Chart
Australia’s unemployment rate for March came in…
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…
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…
Shares in Hong Kong led gains in Asia-Pacific during Wednesday trade as Chinese tech stocks listed in the city jumped.
Hong Kong’s Hang Seng index led to gains among the region’s major…
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…
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…
Shares in Asia-Pacific were mixed on Tuesday, with South Korea leading major markets regionally.
By end of trading on Tuesday, the Kospi in South Korea was 1.07% higher, at 3,169.08 while…
Tesla Inc rose 3.7% on wall street after Canaccord Genuity upgraded the electric-car maker’s shares to “buy,” saying the company could become “the brand” in energy storage.
The Derivatives Market of the Nairobi Securities Exchange (NSE) closed the week with a total of 76 contracts valued at Kes. 3.5 million transacted.
For container traffic, the Port of Mombasa recorded a positive increment of 31,261 TEUs or 30.4% to register 133,904 TEUs in March 2021 against 102,643 witnessed in March 2020.
Analysts have raised expectations for first-quarter S&P 500 earnings increase to 24.2%, according to Refinitiv IBES data as of April 1, versus 21% forecast on Feb. 5
Kenya’s capital Nairobi has emerged as the most innovative city in Africa according to Horizons Report 2021/22, an annual global report released by London Based real estate consultancy group, Knight…
At the end of today's trading session on the Nairobi Securities Exchange.
A total of 25,224,000 shares in 1,155 deals, corresponding to a market value of KES 883,628,827.00, were traded.
Compared with…
Oil prices dropped earlier this week after the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, agreed to gradually ease oil output cuts from May.
Spot gold was down 0.3% to $1,737.75 per ounce by 0354 GMT. U.S. gold futures slipped 0.3% to $1,738.60 per ounce.
Oil prices rose early on Tuesday as a drop in the U.S. dollar made crude a more attractive buy, paring losses of more than 4% incurred overnight on the prospect…
Shares in Asia-Pacific were mixed on Tuesday, after major indexes on Wall Street surged to record closing highs overnight stateside.
The Nikkei 225 in Japan slipped 1.3% to close at 29,696.63 while the Topix index…
The benchmark NSE All Share Index (NASI) closed the week at 160.68, representing a 1-week loss of 4.84%, a 4-week loss of 1.30%, and an overall year-to-date gain of 5.63%.
Oil Prices are getting some support from expectations that the OPEC and its allies will maintain lower output levels when they meet this week.
The benchmark NSE All Share Index (NASI) closed the week at 166.48, representing a 1-week loss of 0.28%, a 4-week gain of 0.66%, and an overall year-to-date gain of 9.45%
Sanlam Kenya Plc has posted a Kes 43 million pretax profit in its just-released full-year 2020 trading results, a 92% decline against the Kes 550 million in 2019 primarily attributed…
At the end of today's trading session on the Nairobi Securities Exchange.
A total of 13,353,900 shares in 948 deals, corresponding to a market value of KES 412,969,899.00, were traded.
Compared with…
WPP Scangroup’s founder and long-serving chief executive, Bharat Thakrar, has resigned from his position as company's chief executive officer.
Mr Bharat Thakrar and his Chief Finance Officer Satyabrata Das were last…
The Central Bank of Kenya (CBK) on Tuesday announced the extension of the loan repayment measures put in place for bank customers whose loans were performing before 2nd March 2020,…