Mumias Shares Suspended from Trading
NSE Has suspended trading on MSC Shares.
KCB Group places Mumias Sugar under Administration
Kenya Commercial Bank Group Plc has today Put Mumias Sugar Company under administration.
Market report 24-Sept-2019
Market report for today Tuesday 24-Sept-2019
CBK leaves benchmark lending rate unchanged at 9pc
CBK leaves lending rate unchanged at 9% after today's Monetary Policy Committee meeting.
Lawmakers reject blanket tax amnesty for new listings at the NSE.
Kenyan Lawmakers have rejected the amnesty taxproposal that had been issued by treasury as part of the finance bill 2019. The proposal which was drafted by NSE jointly with CMA would have...
Moody’s Downgrade Ethiopia’s investment outlook to negative.
Moody's Investors Service ("Moody's") has affirmed Ethiopia's B1 long-term issuer and senior unsecured ratings changing the outlook on the Government of Ethiopia to negative from stable on September 20, 2019. Moody's Investors...
Portland Lays off Managerial Staff.
Government owned East African Portland Cement company last week issued a one month notice termination of contract for its employees in managerial positions. Managing Director Stephen Nthei told the trading room that...
ARM Woes Far from Over.
Shareholders of troubled Cement Maker Athi River Mining Company will have to wait longer to know the fate of the company as Businessman Jaswant Rai heads back to court on Monday. Directors...
You have one week to exchange your old 1,000 currency notes.
The old legal tender of Kes. 1,000 becomes defective in just ten days. Central Bank of Kenya issued a new legal tender for the which the Kes 1,000 has been the first...
KQ halts Flights to Cotonou and Libreville
National Carrier Kenya Airways yesterday announced that it will suspend its direct flights to Libreville and Cotonou as from 14 October ,2019. KQ said this was in line with their restructuring plan...
Kenya Power Issues Profit Warning Announcement
Kenya Power's net earnings for the year ended June 2019 is expected to drop by over 25 per cent as compared to a similar period last year (2018). A profit warning issued...
Fed’s Cuts Rates by Quarter.
Federal Reserve Bank
Feds Might Cut Rates Today.
Chairman of The United States Federal Reserve Bank; Jerome Powell
The Rate Cap is here to Stay!
Kenyan parliamentary committee has rejected a request from the finance ministry to scrap the cap on commercial interest rates imposed by lawmakers in 2016, a document seen by Reuters on Wednesday showed....
