At the end of today's trading session on the Nairobi Securities Exchange
A total of 9,199,000 shares in 1,014 deals, corresponding to a market value of KES 215,071,035.00, were traded.
Compared with…
ILAM Fahari I-Reit, a real estate investment trust, has posted a net profit of Kes 42.2 million in the half-year period that ended on 30th June 2021, a 51% decline…
Shares in Asia-Pacific were mostly lower on Wednesday, with stocks in Hong Kong seeing a partial bounce back from a two-day rout.
The Hang Seng index in Hong Kong closed 1.54% higher at…
Sameer Africa Plc has shed 107 jobs and put up an undisclosed property for sale to ease its biting cashflow constraints and return to profitability.
The regional tyre distributor revealed through…
Unga Group PLC is set to exit the baking business for the second time with the sale of Ennsvalley Bakery to a logistics company as a move to cut costs…
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even amid…
U.S. stocks on wall street fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names…
Centum Investment, the giant investment company, has reported a Kes1.37 billion full-year net loss for the period that ended on 31st March 2021, compared to a net profit of Kes…
At the end of today's trading session on the Nairobi Securities Exchange
A total of 12,202,100 shares in 1,215 deals, corresponding to a market value of KES 427,327,149.00, were traded.
Compared with…
Hong Kong continued selling off on Tuesday, extending losses from Monday. The broader Asia-Pacific markets, meanwhile, were mixed.
The broader Hang Seng index in Hong Kong briefly fell more than 5% in Tuesday afternoon…
Kenya’s Capital Markets Authority (CMA) has signed an agreement with the Financial Services Commission (FSC) Mauritius to strengthen compliance in the Kenyan and Mauritian capital markets.
The agreement is set to…
Oil prices were steady on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.
Brent crude futures climbed…
At the end of the first weekday of trading on the Nairobi Securities Exchange
A total of 3,929,300 shares in 1,079 deals, corresponding to a market value of KES 79,770,230.00, were…
Asian markets dropped sharply by the close on Monday, wiping out the Hang Seng index’s gains for 2021 once again as Chinese tech and education stocks plunged under regulatory pressure.…
Vodafone Group Plc has hinted at the possibility of spinning off Mobile Money Service, Mpesa following its huge success, especially during the pandemic.
Mpesa allows customers to send and receive money…
Oil prices were lower on Monday as investors balanced concerns about fuel demand from the spread of COVID-19 variants and floods in China against expectations of tight supplies through the rest…
Activity on the Nairobi Securities Exchange (NSE) was fairly flat as investors focus remained on some of the top counters (blue-chip) for a second week running. Activity was flat as…
Global markets were mixed but mostly higher with most markets experiencing pullbacks, which have been infrequent and short-lived as strong economic growth, positive investor sentiment, and extreme amounts of Fed…
Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to roar back…
At the end of the last weekday of trading on the Nairobi Securities Exchange.
A total of 9,550,600 shares in 995 deals, corresponding to a market value of KES 340,890,092.00, were…
Shares in Asia-Pacific were mixed on Friday as investors monitored Chinese tech stocks in Hong Kong after regulatory concerns resurfaced.
By the Friday market close in Hong Kong, shares of Chinese…
Standard Chartered Bank Kenya has appointed technology and innovation expert Nivedita Sharma and banking professional Birju Sanghrajka, to replace Engineer Patrick Obath and Ian Bryden who recently left the board
Birju…
Acorn Project (Two) Limited Liability Partnership, the Issuer of the Acorn Medium-Term Green Note (MTN) Programme, closed the final tranche on Friday 16th July 2021. The Issuer said they raised…
Oil prices trimmed overnight gains on Friday but were poised to end the week largely steady after rebounding from a sharp drop, underpinned by expectations supply will remain tight as demand…
At the end of today's trading session on the Nairobi Securities Exchange
A total of 7,287,600 shares in 862 deals, corresponding to a market value of KES 270,834,765.00, were traded.
Compared with…
The International Finance Corporation (IFC) has announced that it invested over $1 billion in the telecoms, media and technology (TMT) industry in emerging markets in the last fiscal year that…
Shares in Asia-Pacific were higher on Thursday, with markets in Japan closed for a holiday.
Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.83% to close at 27,723.84. Shares…
BAT Kenya Plc has declared an interim dividend of Kes 3.50 per ordinary share to be paid on 16th September 2021.
Oil prices fell on Thursday after an unexpected rise in U.S. crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains…
Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3% on wall street, the second-largest percentage loser in the S&P 500.
At the end of today's trading session on the Nairobi Securities Exchange
A total of 14,724,700 shares in 1,141 deals, corresponding to a market value of KES 612,517,663.00 were traded.
Compared with…
Kenyan marketing platform Alfluence Inc has raised $1 million (Sh108 million) led by Dubai-based EQ2 ventures joined by Nigeria VC OUI Capital, Arabyads, Antler East Africa, and participation unnamed European…
Shares in Asia-Pacific were mixed on Wednesday trade, following an overnight bounce stateside that saw the Dow Jones Industrial Average rising more than 500 points.
In Japan, the Nikkei 225 rose 0.58% to…
The price of bitcoin ( BTC) dropped below $30,000 late Monday night for the first time since Jun. 22, dragging other digital coins lower with it. Bitcoin was trading in…
Oil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening…
Wall Street notched a comeback on Tuesday with all the major indexes closing higher, and yields on safe-haven U.S. Treasuries bouncing off lows as investors sought riskier assets even as…
Shares in Asia-Pacific fell on Tuesday following an overnight tumble for stocks on Wall Street that saw the Dow Jones Industrial Average plunge more than 700 points.
In Japan, the Nikkei 225 slipped 0.96%…
Standard Bank has revealed plans to acquire 100% ownership in financial services firm Liberty Holdings. Standard Bank is Africa’s largest bank by assets, and the acquisition is expected to expand…
Oil prices fell more than $1 a barrel on Monday after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude…
Kapchorua Tea Kenya Plc was the week’s top gainer on the NSE, adding 25.6% in investor wealth to close the week at Kes 98.00 per share while Crown Paints Kenya…
Global Markets were mixed, majority of them loosing ground last week yet remain in a steady and mostly uninterrupted uptrend since the beginning of the year.
Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the…
Credit Fair, a consumer-lending fintech startup, has raised $15million as part of a seeding round led by two angel investors Alok Agarwal and Anand Ladsariya. The two investors have backed…
At the end of the last weekday of trading on the Nairobi Securities Exchange.
A total of 12,141,300 shares in 1,083 deals, corresponding to a market value of KES 433,061,855.00, were…
State-run Ethio Telecom, which invited private investors to buy a stake in it over the past few months, reported an 18.4% rise in full-year revenue to end-June to 56.5 billion…
Shares in Asia-Pacific were mixed on Friday as the Bank of Japan held steady on monetary policy.
The Nikkei 225 in Japan fell 0.98% to close at 28,003.08 while the Topix index slipped…
Global insurance solutions firm Linkham Group based in the UK has officially confirmed completing a deal that will see them acquire a significant stake in Resolution Insurance Kenya. The deal…
Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning as…
The Nasdaq ended lower on wall street on Thursday, pulled down by Apple, Amazon and other Big Tech companies as a fall in weekly jobless claims data fed investor concerns…
At the end of today's trading session on the Nairobi Securities Exchange
A total of 7,174,900 shares in 1,040 deals, corresponding to a market value of KES 246,005,403.00, were traded.
Compared with…
Shares in Asia-Pacific were mixed on Thursday as China reported its second-quarter gross domestic product (GDP) rose.
Mainland Chinese stocks closed higher. The Shanghai Composite rose 1.02% to 3,564.59 while the Shenzhen component advanced 0.751%…
The Ethiopian Communications Authority(ECA) has issued the Final License to Safaricom Telecommunications Ethiopia PLC following its incorporation as a local Telecommunications Operating Company.
Safaricom was awarded the consortium by the Ethiopian…
Oil prices fell nearly 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as U.S. fuel stocks rose, raising concerns…
Wall Street's benchmark, the S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring…
The dollar gained strength as Inflation surged after the release of the consumer price index report that increased by 5.4%, which was higher than the expected 4.9%, the biggest monthly…
At the end of today's trading session on the Nairobi Securities Exchange.
A total of 13,331,800 shares in 1,100 deals, corresponding to a market value of KES 380,915,296.00, were traded.
Compared with…
Shares in Asia-Pacific mostly slipped on Wednesday following a hotter-than-expected U.S. inflation report released overnight.
The Shanghai Composite in mainland China fell 1.07% to close at 3,528.50 while the Shenzhen component fell 0.875% to end…
Unaitas Sacco has secured Kes 1 billion funding from Dutch private equity Oikocredit International for onward lending to small and medium enterprises.
In a press release issued by the Sacco, they…
Oil prices fell on Wednesday on future demand concerns after data showed that China’s first-half crude imports dropped, but were still holding near a one-week high amid concerns about supplies…
Wall Street benchmark indices, the S&P 500 and Nasdaq, ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in…
At the end of today's trading session on the Nairobi Securities Exchange
A total of 13,213,000 shares in 1,025 deals, corresponding to a market value of KES 395,410,780.00, were traded.
Compared with…
Square CEO Jack Dorsey has confirmed that the company is looking into building a hardware bitcoin wallet that will give consumers greater control over the cryptocurrency they own.
"Square is considering making a…
Shares in Asia-Pacific were higher on Tuesday as investors reacted to China’s trade data for June.
Hong Kong’s Hang Seng index led gains regionally as it jumped 1.63% to close at 27,963.41.
Hang Seng…
The UK, other G7 countries and multilateral partners are set to invest $80 billion in the private sector across Africa.
The investment is aimed at creating jobs, boosting economic growth, help…
Oil prices climbed on Tuesday, reversing some of the previous day’s losses, as tight supply and expectations of a further draw in U.S. crude inventories provided support, although fears over…
Wall Street’s main indices closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors eyed the start of the second-quarter earnings season and a…
At the end of the first weekday of trading on the Nairobi Securities Exchange
A total of 10,374,100 shares in 1,122 deals, corresponding to a market value of KES 374,125,015.00, were…
Stocks in Asia-Pacific rose on Monday, with shares in Japan and China leading gains regionally.
Japan’s Nikkei 225 surged 2.25% to close at 28,659.02 while the Topix index jumped 2.14% to end the…
Social media giant TikTok has taken a drastic step toward not only banning cryptocurrency influencers on its platform but all creators promoting financial services. These include, but are not limited…
The Kenya Revenue Authority (KRA) has announced plans to auction Kenya Power transformers if 30 days elapse before they clear the transformers that were shipped into the country seven years…
Oil prices were lower in early Asian trade on Monday as the dispute in talks among key producers to raise output in coming months kept supplies tight, offsetting concerns about…
The market capitalization of the Nairobi Securities Exchange (NSE) posted a 1% rise this week to Kes 2.73 Trillion from the Kes 2.70 Trillion recorded in the previous week. The market…
Global markets had to offer a bit of everything for investors, from labor market readings to Federal Reserve minutes to rising uncertainties around COVID variants and their implications for global…
The three major wall street indexes rallied to record closing highs on Friday as financials and other economically focused sectors rebounded from a selloff sparked by growth worries earlier in…
At the end of the last weekday of trading on the Nairobi Securities Exchange.
A total of 17,825,500 shares in 986 deals, corresponding to a market value of KES 938,335,577.00, were…
Shares in Asia-Pacific fell on Friday as Covid worries resurfaced in the region.
South Korea’s Kospi dropped 1.07%% to close at 3,217.95. South Korea announced Friday that the greater Seoul area will be…
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 was during the trade investment forum held yesterday, hosted by Kenya…
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…
Oil prices were mixed on Friday after a boost from a drop in U.S. crude and gasoline inventories but were still set for a weekly decline on concerns that an…
At the end of Thursday's trading session on the Nairobi Securities Exchange.
A total of 19,290,800 shares in 1,218 deals, corresponding to a market value of KES 517,757,036.00, were traded.
Compared with…
Shares in Asia-Pacific mostly declined on Thursday, as Chinese tech stocks in Hong Kong came under pressure after regulatory fears resurfaced.
In Thursday afternoon trade in Hong Kong, shares of Tencent dropped 3.74% while Alibaba declined…
Oil prices fell for a third day on Thursday amid anxiety that supply may rise after the collapse of this week’s talks among major producers, potentially causing the current output…
Stocks on wall street ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not…
At the end of today's trading session on the Nairobi Securities Exchange
A total of 15,587,500 shares in 1,202 deals, corresponding to a market value of KES 454,182,325.00, were traded.
Compared with…
Uganda has completely separated mobile money services from the regulation of the Uganda Communications Commission to the Bank of Uganda (BOU).
Under the new regulations, three companies were licensed to conduct…
Shares in Asia-Pacific were mixed on Wednesday following losses on Wall Street with the S&P 500 ending its seven-day winning streak.
Chinese electric carmaker Xpeng made its debut in Hong Kong on…
Diamond Trust Bank (DTK) has announced the appointment of Mr Jeremy Ngunze as the non-executive Director of the Bank with effect from 29th June 2021.
Mr Jeremy Ngunze has been a …
Oil prices steadied on Wednesday after a steep drop in the previous session, following the cancellation of talks among OPEC+ producers that raised the prospect that the world’s major crude…
Liquid Technologies Africa's largest fibre company has partnered with Facebook to build an extensive long haul and metro fibre network in the Democratic Republic of Congo (DRC).
The metro fibre network…
At the end of today's trading session on the Nairobi Securities Exchange
A total of 13,078,700 shares in 989 deals, corresponding to a market value of KES 467,179,903.00, were traded.
Compared with…
Shares in major Asia-Pacific markets struggled for direction on Tuesday as investors reacted to the Australian central bank’s interest rate decision.
The Nikkei 225 in Japan rose 0.16% to close at…
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change.
This follows the issuance…
Oil jumped to its highest level in nearly three years after talks between OPEC, and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on…
Anwar Soussa has been picked to lead the Global Partnership for Ethiopia, an international consortium comprising Safaricom Plc, Vodacom Group, Vodafone Group, Sumitomo Corporation and CDC Group. The company was…
At the end of the first weekday of trading on the Nairobi Securities Exchange
A total of 17,387,700 shares in 1,048 deals, corresponding to a market value of KES 330,845,027.00, were…
The Kenya Revenue Authority(KRA) tax collection reached an eight-year high of Kes 1.669 Trillion during the financial year 2020/21 compared to kes 1.607 Trillion collected over a similar period in…
Shares in Asia-Pacific were mixed on Monday as Brent crude futures hovered around $76 while investors watched for developments from a meeting of OPEC and its allies.
Shares of Chinese tech…
Oil prices fell on Monday, with Brent dropping after four days of gains, as investors and traders awaited crucial talks by OPEC+ following disagreement within the group.
Nairobi Business Ventures recorded a 44.48% gain during the week on the Nairobi Securities Exchange (NSE) to close the week at Kes.12.05 with shares worth Kes.4 million transacted
Shares in Europe were down slightly, a surprise on global markets but backed on worries that inflationary pressures, seen across major markets globally might bring forward interest rate increases.