Wall Street Rallies as S&P 500, Nasdaq Holds 7th Straight Record-high close.
Wall Street’s benchmark indices scored record closing highs on Friday and booked solid gains for the week following a strong...
CMA Grants Two Coffee Marketers Full Brokerage Licenses.
CMA has further extended two provisional licenses granted to Mt. Elgon Coffee Marketing Agency Limited and United Eastern Kenya Coffee...
Wall Street Rallies to Record Highs Buoyed by Earnings and Treasury Yields Decline.
In company news, shares of Under Armour Inc jumped 16.5% on wall street after the athletic apparel maker raised its...
NSE Commences Trading of EABL’s Kes.11 Billion Corporate Bond
The Nairobi Securities Exchange (NSE) on Monday announced the commencement of trading of the East African Breweries Plc Kes. 11...
Market Report; 29 October 2021
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of...
Standard Investment Bank Trades the Largest Acorn REITs Unquoted Transaction.
Standard Investment Bank (SIB) has successfully traded the largest purchase of Acorn Holdings’ Income and Development Real Estate Investment Trust...
AfDB Forecasts East Africa’s Economic Growth to Rise to 4.1% in 2021.
East Africa's economic growth is projected to rise to 4.1 per cent in 2021, up from 0.4 per cent in...
Facebook Rebrands amidst Massive Restructuring, Changes Company Name to Meta
Facebook CEO Mark Zuckerberg announced the change Thursday, saying he wanted a new brand and a clearer corporate structure to...
Shiba holder Bought $8,000 worth of SHIB in August 2020 now Worth $5.7 billion
The reason behind the bullish momentum of Shiba Inu, is as a result of an increase of user access via...
CMA, NSE and KEPFIC sign MoU to Promote Infrastructure Investments Through the Capital Markets
The Capital Markets Authority (CMA), Kenya Pension Funds Investment Consortium (KEPFIC) and Nairobi Securities Exchange (NSE) have signed a Memorandum...
Wall Street Closes Higher as Companies Post Impressive Earnings
Wall Street benchmarks, the S&P 500 and the Dow climbed on Wednesday with the Dow hitting an intraday record high...
Global Markets Weekly Review: Week 41, 2021
Global markets remained positive during the week as investors kept a keen watch on the earnings reports and also a...
Nasdaq, S&P 500 Post Gains as JP Morgan Kicks off Earnings Season.
The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com...
Wall Street Extends Decline As Investors Turn to Earnings, Fed Minutes
Stocks on Wall Street finished lower on Tuesday, extending losses late as investors grew more jittery in the run-up to...
Oil Prices Jump 0.1% Fueled by Growing Demand on Global Economic Recovery
Oil prices rose on Monday, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies...
World Investor Week 2021: Investing Anywhere, Safely.
The world investor week is important in reminding investors that in every single decision that they make, they need to...
Central Bank of Nigeria Postpones Launch of eNaira.
The Central Bank of Nigeria has announced the postponement of the launch of the country’s digital currency, eNaira.
Market Report; 01 October 2021
The derivatives market of the Nairobi Securities Exchange (NSE) posted a decline in activity with 15 single stock features valued at...
CMA Extends Provisional Licenses of Coffee Brokers
CMA is mandated to regulate the structured spot commodity markets in Kenya. The Coffee Exchange Regulations were gazetted by the...
Asian Stocks Slip; Nikkei 225 drops more than 2% Despite Tankan Business Survey Data
Shares in Asia-Pacific slipped in Friday trade, with Japanese markets among the region’s biggest losers.
Kenya’s Inflation Rises to 19-Month High at 6.91% Pushed by Rising Energy Costs
Kenya's Inflation stood at 6.57% in August as the Central Bank of Kenya warned of risks arising from both domestic...
Oil Prices Drop 0.1% on Optimism of OPEC+ Supply Increase
“The upcoming OPEC+ meeting on Monday will be crucial for oil price direction next week. A production increase beyond 400,000 bpd would...
Market Report; 30 September 2021
At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 14,867,500 shares in 953...
Asian Markets Rise as Data Shows Factory Data Rose in SeptemberAs
Shares in Asia-Pacific were mixed on Thursday, as investors reacted to the release of Chinese factory activity data for September....
Wall Street Gains 0.1%, Investors Brace for Inflation, Tapering Impact
Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from U.S....
Safaricom’s Impact on Society Valued at Kes 664 Billion, Generating Over 1 Million Jobs
The independent analysis of Safaricom’s true value to society identifies the socio-economic and environmental impacts of the company and quantifies...
Wall Street Down Nearly 2% Amidst Piling Concerns on Treasury Yields and Inflation.
Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns...
Wall Street Drops as Tech Stocks Drag S&P 500, Nasdaq.
Wall Street's benchmark indices, the S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as...
Huawei Launches CloudWAN 3.0 Solution to Empower Connectivity
Huawei has nearly 30 years of expertise in the WAN field and will continue to build the competitiveness of its...
Gold Prices up 0.5% as China Evergrande Impact Boost Precious Metals’ Appeal.
Gold is often considered a hedge against higher inflation, but a Fed rate hike would increase the opportunity cost of...
Global Markets Weekly Review: Week 38, 2021
Global markets were mixed this week, as many analysts comprehended the possible impact of China's Evergrande Group into a global...
Dow, S&P 500 End Bumpy Week with Gains as Nike Leads Drag Despite Upbeat Earnings.
The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains...
Telkom SA Rally on News of Tower Listings on the Johannesburg Stock Exchange (JSE)
Telkom, the number three South African telecommunications operator has enjoyed a positive response to news that it plans to spin...
Wall Street Rebounds 1% as Fed Confirms Tapering to Start Soon
The benchmark wall street indexes for U.S stock markets rose 1% on Wednesday as investors mostly took in stride the...
Buy Now, Pay Later: Re-designing the Global E-Commerce.
Let’s talk about Buy now pay later Going shopping is fun if you have the finance that is. But imagine,...
Asia Pacific Drop Over 0.5% with Growing Concerns over the Evergrande Crisis
Elsewhere in Asia, the Nikkei 225 in Japan slipped 0.67% to close at 29,639.40 while the Topix index shed 1.02%...
Wall Street Trades Choppy as Dow and S&P 500 Erase Gains at Pre-Close
The majority of Wall Street investors are waiting for the end of this week’s Fed meeting that may shed light...
Global Markets Weekly Review: Week 37, 2021
Global markets were mixed this week as various economic development from various markets across the markets, in the news was...
Asia -Pacific Stocks Mixed; Hang Seng Index Rebounds 1.03% in Hong Kong
Shares in Asia-Pacific were mixed on Friday, with shares of China Evergrande Group continuing to take a beating.
Wall Street Extends Drops Ahead of the Long-Expected Corporate Tax Hikes, to 26.5%
Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened...
Wall Street Extends Decline as Apple, Facebook Lead Big-Tech with 1% Drop
Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy’s recovery and...
Kenya’s Forex Reserves Dip by 11.3 Billion as CBK Increases Dollar Liquidity
Forex exchange reserves dipped by over Kes. 11.3 billion after the Central Bank of Kenya (CBK) released more dollars into...
M-Pesa Africa Celebrates 50 Million Active Customers
M-PESA, the world’s leading mobile money service has today announced that it has reached 50 million monthly active customers strengthening...
Bitcoin Rallies 1.5% as El Salvador Adopts the Cryptocurrency as Legal Tender.
The bitcoin adoption idea has been to place 200 ATMs where El Salvador citizens can exchange Bitcoins for US dollars...
Tech Lifts Nasdaq to Record Close but Wall Street Mixed on Jobs Report
The Nasdaq ended Friday at a new peak but the other main Wall Street indexes fell, reflecting the mixed sentiment...
Nasdaq Leads Wall Street with Record Close; Apple Jumps 0.4% to Second-Highest Close
Technology stocks, which tend to benefit from a low-rate environment, finished higher, upping Nasdaq to record close. Apple Inc rose...
Wall Street Rallies with the S&P 500, Nasdaq Topping Record Levels backed by Fed Taper-Talk
Wall Street benchmark indexes, the S&P 500 and Nasdaq topped their record closes once again on Monday, bolstered by technology...
Asian Stocks Mixed as Investors Watch for Fed Symposium; Shanghai Composite Advances 0.59%
Asia-Pacific markets traded mixed on Friday as investors remained cautious ahead of the Federal Reserve’s annual Jackson Hole symposium where...
Wall Street Declines as Investors Brace for Tapering, Nasdaq Leads with 0.64% Drop
Wall Street closed lower on Thursday, ending a streak of all-time closing highs on concerns over developments in Afghanistan, while...
Wall Street Extends Gain backed by Tech and Tech-adjacent Megacaps Rally on the S&P 500
Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA’s full approval of a COVID-19...
Wall Street Rebounds, Trillium Therapeutics Inc soared 188.8% on Pfizer $2.26Bn Deal
Wall Street rallied on Monday, and the Nasdaq reached an all-time closing high as sentiment was boosted by full FDA...
Oil Prices Rebound 0.9% Despite Dim Demand Outlook and Surging Covid-19 Cases
Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering...
Global Markets Weekly Review: Week 33, 2021
U.S Stocks, looked on as the global market's benchmark pulled back for the week but not before the S&P 500...
Market Report; 20 August 2021
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of...
Wall Street Reverses Losses; S&P 500 Gains on Tech Rally
Wall Street's benchmark, the S&P 500 ended modestly higher in a choppy session on Thursday, with gains in tech shares...
Market Report; 19 August 2021
At the end of Thursday's trading session on the Nairobi Securities Exchange (NSE). A total of 28,493,200 shares in 1,099...
Asian Pacific Stocks Drop on Investor Sentiment; Toyota Crashes 4.42% on Output Outlook
The U.S. dollar index, which tracks the greenback against a basket of its peers in Asia, was at 93.41 after...
KCB Group Doubles Half Year Profits at Kes 15.3 Billion
KCB Group Plc has posted a strong performance in the first half of the year, driven by improved economic activity,...
Wall Street Extends Slide, S&P 500 Drops over 1% on Release of Feds July Minutes.
Wall Street's main indexes slid on Wednesday, with the S&P 500 falling over 1%, after the release of minutes from...
TotalEnergies Picks Eric Fanchini as New Managing Director
TotalEnergies Marketing Kenya, one of the biggest suppliers of Petroleum and Gas products in East Africa, has appointed Mr Eric...
Johannesburg Stock Exchange Delays Opening After Record $9.7Billion Turnover
Wednesday’s delay on the Johannesburg Stock Exchange meant investors in Naspers, the biggest shareholder in Tencent, were unable to immediately...
Wall Street Slumps; Nasdaq Leads in Decline as Home Depot Drops 4.3%
Wall Street’s main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a...
Asian Markets Drop as China’s Economic Data Shows Industrial Production was at 6.4%
Asia-Pacific stocks slipped on Monday as investors reacted to the release of Chinese economic data for July. Retail sales in China rose...
NSE Weekly Market Review – Week 32, 2021
Trading on the secondary bond market at the NSE posted a 2.99% decline in activity with Kes.21.99 billion worth of...
Asia-Pacific Stocks Drop; Samsung Plunges 3.4% as Vice Chair Jay Y. Lee is Released from Prison
South Korean and Taiwanese stocks led losses among major Asia-Pacific markets in Friday trade, with shares of firms related to...
I&M Bank Receives $50 Million IFC Loan to Support SMEs in Kenya
The International Finance Corporation (IFC) has partnered with FMO, a Dutch development bank, to assist small businesses in Kenya by...
Oil Slips for Second Day as EIA Demand Outlook Turns Negative; WTI Drops 0.5%
Oil prices fell for a second day on Friday after the IEA warned that demand growth for crude and its products...
JSE Partners with FT Russel to Launch Multi-Asset Index for South African Market
The Johannesburg Stock Exchange (JSE) and FTSE Russell have once more partnered to launch a new multi-asset index solution for...
Four (4) Common Pastimes in Ghana
If you are planning to visit Ghana in the near future or have recently relocated there, continue reading to find...
Gold Extends Decline by 0.2% as Dollar, Treasury Yields Gain
Gold prices edged lower on Wednesday, pressured by a stronger dollar and a rise in bond yields, while investors cautiously...
S&P 500, Dow Jones Hits Record High as U.S Senate Approves $1 Trillion Infrastructure Bill
Wall Street's Dow Jones Industrial Average rose 162.82 points, or 0.46%, to 35,264.67, the S&P 500 gained 4.4 points, or...
Market Report; 10 August, 2021
The derivatives market of the NSE posted flat activity during Tuesday's trading session, with 19 single stock futures contracts valued at...
Kakuzi Establishes 1st Independent Human Rights Advisory Committee in Kenya.
Local agri-business firm Kakuzi PLC has announced the appointment of an Independent Human Rights Advisory Committee (IHRAC) to be chaired...
Asian Markets Defy Covid Concerns to Post Gains; Krafton Slumps 17% on Debut
Shares in Asia-Pacific were mostly higher on Tuesday. Meanwhile, South Korean game developer Krafton plunged in its debut. South Korea’s...
Gold Trades at Lowest in 6 Months Amidst Rising U.S Treasury Yields
SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.2% to 1,023.54 tons on Monday from...
Market Report; 09 August, 2021
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) this week. A total of...
Safaricom Partners with NSE to Enable Customers Buy Shares Using Bonga Points.
Safaricom and the Nairobi Securities Exchange (NSE) have today announced a partnership that is set to enable Kenyans to invest...
Oil Prices Drop as China’s Rising Covid-19 Cases Raises Concerns on Demand
Oil prices fell nearly 2% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar...
Kenya Re’s Half-Year Profit Drops by 66% to Kes 533.7 Million
Reinsurance company Kenya Re posted a 66% decline in half-year profit for the period that ended on 30th June 2021 despite...
Oil Set for Steep Weekly Loss as Brent, WTI Slip over 1.00%
Crude Oil prices slid on Friday, and were on track for steep weekly declines on concerns over the impact on...
Market Report; 06 August, 2021
The derivatives market of the NSE posted a rise in turnover and activity during Monday’s trading session, with 29 single stock...
Market Report; 05 August, 2021
Bank of Kigali (BK) Group led the gainers on the NSE with 7.06% share price appreciation closing at KES 31.85...
Crude Oil Rises 0.3% Fueled by Growing Middle East Tension; Israel Fires at South Lebanon
Oil prices edged higher on Thursday, supported by tensions in the Middle East, but failed to regain most of the previous...
Rosemary Oduor Appointed as Kenya Power’s Acting CEO as Benard Ngugi Resigns
The Kenya Power Board of Directors has appointed Rosemary Oduor as the acting managing director and chief executive officer of...
Market Report; 04 August, 2021
At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 5,843,800 shares in 880...
Oil Extends Decline with a 0.5% Drop as Covid Variant Raises Supply Concerns
Oil prices fell for a third day on Wednesday on mounting concerns that the increasing spread of the delta variant of...
African Securities Exchanges Procure Software to engage in Cross-Border Trading
African Securities Exchanges that include some of the most vibrant and biggest bourses in the continent have moved a step...
Market Report; 02 August, 2021
The derivatives market of the Nairobi Securities Exchange (NSE) posted a rise in turnover during Monday's trading session, with 19 single...
Asian Markets Jump as Afterpay Soars 18.77% on Square Buyout Announcement
Shares in major Asia - Pacific markets rose on Monday, as data showed Chinese manufacturing activity growth slowed in July.
Oil Slips Further as Crude Output Rises, Brent Drops 1%
Oil prices fell on Monday on worries over China’s economy after a survey showed factory activity growing at its slowest pace...
Nasdaq Edges Lower as Big Tech Sales Rise; S&P 500 Drags
The Nasdaq ended lower on wall street on Thursday, pulled down by Apple, Amazon and other Big Tech companies as...
KRA Gazettes Plans to Auction Kenya Power Transformers
The Kenya Revenue Authority (KRA) has announced plans to auction Kenya Power transformers if 30 days elapse before they clear...
Kenya & Tanzania Manufacturers call for Expedited Resolution of Non-Tariff Barriers (NTBs)
Manufacturers from Kenya and Tanzania have called for the expedited resolution of non-tariff barriers (NTBs) and the review of the East African Community Common External Tariff (EAC CET). This...
Anwar Soussa to Lead Safaricom’s Ethiopian Subsidiary
Anwar Soussa has been picked to lead the Global Partnership for Ethiopia, an international consortium comprising Safaricom Plc, Vodacom Group,...
Oil Slips 0.5% as OPEC+ Partner Disagreements Causes Increase in Supply
Oil prices fell on Monday, with Brent dropping after four days of gains, as investors and traders awaited crucial talks...
Nairobi Business Ventures to Acquire 4 Businesses at Kes 3 Billion
Nairobi Business Ventures (NBV) has announced plans to acquire four businesses in Kenya at a combined cost of Kes 3...
Tech Stocks Extend Rally, Pushing Nasdaq, S&P 500 to New Highs
The S&P 500 and the Nasdaq both registered record closing highs on Tuesday, lifted by Apple Inc and other technology...
Safaricom Launches M-Pesa Super App with a whole New Features for Subscribers
Over 1.3 million Safaricom customers have downloaded the M-PESA Super App while more than 100,000 businesses have downloaded the M-PESA...
Asian Markets Drop Amidst Beijing’s Move to Retain Benchmark LPR
Shares in Asia-Pacific dropped on Monday, as Japan’s markets plummeted. Meanwhile, China kept its benchmark lending rate unchanged. Japanese stocks...
Gainers & Losers in Ukur Yatani’s Kes 3.6 Trillion Budget
The National Treasury Cabinet Secretary Ukur Yatani while presenting FY2021/2022 budget before Parliament acknowledged prevailing revenue collection challenges owing to...
