Trading on the secondary bond market at the NSE posted a 18.6% rise in activity with Kes.20.5 billion worth of bonds traded against the Kes 17.29 billion worth of bonds transacted in the previous week.

Shares in Europe climbed on stronger-than-expected earnings results and growing confidence in a global economic recovery. In local currency terms, the pan-European STOXX Europe 600 Index ended the week 1.72% higher.

The CBK placed Chaterhouse bank limited under statutory management after it violated sections of the Banking Act relating to lending

For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.

Global payments giant, Visa, has partnered with Tala, a mobile lending service in emerging markets, with a particular focus in Kenya, to bring the USDC stablecoin to the underbanked population. The companies announced that the idea...