Market Report: 05 February, 2021
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) A total of 8,611,700 shares...
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) A total of 8,611,700 shares...
WPP Scan group has announced the appointment of Mr Jason Day and Mr Shahid Sadiq to the company's board as...
Visa is examining a suite of application programming interfaces (APIs) to allow banks to offer Cryptocurrency services. In a press...
Amazon founder Jeff Bezos has announced he will be stepping down as the company's CEO in the third quarter of...
The World Bank has suspended a $100 million payment to the Democratic Republic of Congo that was meant to support...
Ethiopia has announced plans to seek a restructuring of its sovereign debt under a new G20 common framework. In November,...
Airtel Africa, a subsidiary of Bharti Airtel is seeking to sell a minority of its stake in its mobile financial...
Silver, one of the most valued commodities has surged to an eight-year high after a critical exchange on social media...
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) A total of 18,048,400 shares...
Tanzania’s earnings from gold exports rose 34% in 2020 to $ 2.95 billion from $ 2.21 billion recorded in 2019...
Banks have posted the lowest 11-month pre-tax earnings for the banking sector since 2012. The low profits were attributed to...
East African Breweries Limited (EABL) recorded a 3% decline in net sales to Kes 44.5 billion for the half-year ended...
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) A total of 22,835,200 shares...
Listed power producer, Kengen Plc, has reported net revenue amounting to Kes. 39.82 million for the financial period ended 30th...
At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 20,004,100 shares in 860...
Safaricom has launched an M-PESA Bill Management service that offers a platform where businesses can present and receive pending payments...
In a report issued by the United Nations Conference on Trade and Development (UNCTAD), Egypt has been ranked to be the highest...
Centum Investment Company has sold 20% of its shares with a current market value of Kes 92.2 million, to billionaire...
At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 5,783,100 shares in 799...
Kenya’s economy is projected to recover and grow by 6.4% in 2021. In a draft of the 2021 budget policy Statement by...
According to a United Nations Conference on Trade and Development report released on Sunday, China has overtaken the U.S. as...
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) A total of 16,144,800 shares...
On Monday, President Joe Biden expected to sign an executive order to impose a ban on most non-U.S. citizens entering...
Kenya Airways PLC has temporarily suspended its services to France and the Netherlands due to the COVID-19 regulations in Europe...
BOC Kenya Plc a leading supplier of industrial, medical and special gases in East Africa, has been granted approval by...
During today's trading session, the derivatives market of the NSE posted a decline in activity with 14 contracts concluded valued...
The African Export-Import Bank has mobilised $1 billion for an adjustment facility to offset revenue losses for countries that lower...
The NSE is looking to scale up activity, partly by increasing shares available for trade. The exchange is in talks...
In December, Larry Fink the firm's Chief Executive Officer noted that the world's most popular cryptocurrency was seeing giant moves on...
The derivatives market of the NSE posted a rise in activity with 21 contracts concluded valued at Kes 754,750 as...
Saudi Arabia hence became the top supplier to China for a second year in a row, after taking the spotlight...
The group reported a non performing loan of kes 11.2 billion in the last quarter of 2020 , which had...
Kenya's total debt jumped to 65.6% of gross domestic product in June 2020 from 62.4% a year earlier, the World...
At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 23,956,000 shares in 1,020...
Nigeria's biggest bank Access Bank Plc, has identified eight African Countries for potential expansion so as to benefit from the...
The derivatives market of the NSE posted a rise in activity, with 2 contracts concluded valued at Kes 669,000 as...
The Co-operative Bank of Kenya has secured a long-term financing facility arranged by the International Finance Corporation (IFC) amounting to...
Kenya has recorded a 10.7 % rise in remittances from US$2,796 million in 2019 to a record high of US$3,094...
The report further stated that the general insurance business remained the largest contributor to the industry insurance premium.
The derivatives market of the NSE posted a moderate decline in activities, with 8 contracts concluded valued at Kes 295,200...
Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.84% to 3,596.22 while the Shenzhen component advanced 1.58% to 15,269.27....
Beginning 1st January 2021, the Corporate Tax rate will revert to 30% from the current 25%, same as Individual Income tax...
The derivatives market of the NSE posted an decline in activity with 3 contracts valued at Kes 94,800 concluded. This...
There were 5 contracts valued at kes 177,500 contracts concluded during today’s trading session on derivatives market of the NSE.
The project bond is intended to give a flexible funding option to projects that are already under construction and at...
Despite the growth in contributions, it is important to note that the retirement benefits industry has fallen short in providing...
Cash flow challenges also saw KenGen hit Kenya Power with a Sh722.31 million financial penalty for flouting 40-day window of...
The Board of Directors of HF Group Plc has appointed Mr. Adan Daud Mohamed as a Non-Executive Director of its...
There were no contracts concluded during today's trading session on the derivative market of the NSE.
There were no contracts concluded during today’s trading session on the derivatives market of the NSE.
For instance during the year ended 30th June 2019, KenGen received kes 391 million refund after claiming Railway Development Levy...
There was 1 contract valued at kes 35,000 concluded during today’s transaction on the derivatives market of the NSE
The fourth edition of Absa Africa Financial Markets Index 2020 show Kenya has dropped four places. The index that measures...
This is however good news to households especially during this hard economic times when many people lost their jobs as...
Kakuzi which supplies avocados to several UK supermarkets, including Sainsbury's and Tesco will face major losses as the supply accounts...
The pound has depreciated rapidly, trading at 510 SSP for $1 on the black market, while the central bank is...
There were no contracts concluded on the derivative market of the NSE during today’s trading session.
Bank of Thailand's success with the government savings bond project is the latest example of how blockchain technology can redefine the way...
There were no contracts concluded on the derivative market of the NSE during today’s trading session.
However, according to CBK, the amount of loans acquired during this period has increased steadily with banks having restructured loans...
There were no contracts concluded on the derivative market of the NSE during today's trading session.
Steven Oluoch who was the former Chief Executive Officer left the organisation upon attainment of retirement age and officially handed...
The derivatives market of the NSE recorded quite a decrease in volume but an increase in turnover today with 1...
Zambia said it will however pay its bondholders $0.50 per $1,000 in bond principal they hold if the debt suspension...
Fourfront will be required to provide periodic reports to the Authority on the implementation of its test plans, the achievements...
There were no contracts concluded in today’s trading session on the derivatives market of the NSE.
There were 6 contracts valued at kes 179,900 concluded in today’s trading session on the derivatives market of the NSE.
The revenue increased to to Kes 79 billion from Kes 69 billion in the same period last year.
The derivatives market of the NSE had no contracts concluded in today’s trading session.
At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 123,648,800 shares in 1,074...
The derivatives market of the NSE had 21 contracts valued at kes 565,850 concluded in today’s trading session, this was quite...
Despite the difficult times there has been hope for better results.
In her new role, Eva is expected to develop and implement Visa’s growth strategy in Kenya. She is also tasked...
A purely digital currency would distribute money directly from central banks and federal reserves to consumers without depending on commercial...
In a report issued on Tuesday 08, september the company said that the trips taken in the electric cars will...
The Japanese yen traded at 105.93 per dollar after an earlier high of 105.76 against the greenback. The Australian dollar changed hands at $0.7225...
Geopolitical concerns will continue to support the longer-term need for gold, but possibly not at these levels.
Overall UAP Holdings saw a double digit increase in gross written premiums at 11% driven by core short-term insurance businesses,...
The board noted that the environment remains challenging due to the uncertainty of the COVID-19 related impacts as well as...
The earnings per share in nation media group recorded a loss of kes 1.90 from a profit of kes 2.20...
East African Cables thus recorded a decrease in the overall expenses by 12% in the period ended 30th June 2020.
The company forecasts that the 2020 results will be significantly negatively impacted because of the projected suppressed air travel demand...
Absa says it has restructured Kes.57 billion worth of customer loans representing 28 percent of its advances to customers as...
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