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...
Access Bank Completes 100% Acquisition of BancABC Mozambique
Access Bank, Nigeria’s largest lender, has completed the acquisition of Mozambique’s African Banking Corporation, another milestone achievement in Access Bank’s...
Shelter Afrique Sign’s $1.5Bn MoU on South Sudan Military Housing Project
Shelter Afrique, the Pan-African housing development financier, has inked an MoU with Triangle Real Estate, a Juba-based real estate firm...
KRA Records 23.9% Revenue Collection for April
KRA recorded improved collection in all revenue streams where Customs & Border Control net the taxman Kes. 54 billion against...
Market Report; 04 May, 2021
At the end of today's trading session on the Nairobi Securities Exchange (NSE). A total of 14,311,000 shares in 987...
Coinbase Listing Price Set at $250, Pre-Listing Futures Soar
The share price valuation puts Coinbase at a whooping 65.3 billion U.S Dollars on listing.
KenGen Completes First Drilling at Ethiopian Geothermal Site
KenGen Plc, the company carrying out the field work, has just completed the first geothermal drilling at the site in...
Wall Street Stable, S&P 500 Slips as IMF Raises Global Forecast
Volume on wall street stood at 9.65 billion shares, compared with the 12.39 billion average for the full session over...
Bitcoin Rallies to Touch a new All-time-high of $60,000
The latest rally of Bitcoin up at $60,000 lifts bitcoin’s market cap to $1.12 trillion, not so far below the...
Rolls Royce Posts £4 Billion Loss as Grounded Aircrafts Hit Engine Maker
Rolls Royce remained optimistic that it would start to generate cash in the second half of 2021, indicating that it...
Bitcoin Reverses Loss on MicroStrategy Purchase, Steady at $50K
Bitcoin’s price soar from Wednesday, was sustained through early trades on Thursday after the world's largest cryptocurrency experienced a sharp...
Bitcoin Races to New-Highs above $56K, Ether Gains
Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalization cross...
WPP Scangroup Shares Drop 7.7% as CEO Bharat Thakrar is Suspended Over Gross Misconduct Allegations
Bharat Thakrar, the Chief Executive Officer of listed marketing firm WPP Scangroup, and his Chief Finance Officer Satyabrata Das have...
IMF & Kenya Reach Staff Level Agreement on Kes 262.7 billion Loan
The International Monetary Fund (IMF) on Monday said it will soon disburse Kes 262.69 billion (USD 2.4 billion) to the...
KCB Group Seeks Approval to Buy Two Banks, in Tanzania and Rwanda
Kenya's top lender, KCB Group, has made a formal application to the regional competition watchdog to be cleared for the...
Central Bank of Kenya Retains Benchmark Lending Rate at 7 Percent
The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) on Wednesday kept the benchmark rate unchanged at 7% in...
