While this is not the first cross-listing the country has seen as there are a number of Kenyan firms trading on RSE, KIFC’s existence promotes such investment opportunities within Rwanda’s financial sector

The Japanese yen traded at 109 per dollar after weakening sharply earlier  this week from levels below 108. The Australian dollar changed hands at $0.6894, following its rise from levels below $0.68 seen earlier in the trading week.

The Dow Jones Industrial Average rose 527.24 points, or 2.05%, to 26,269.89, the S&P 500 gained 42.05 points, or 1.36%, to 3,122.87 and the Nasdaq Composite added 74.54 points, or 0.78%, to 9,682.91.

The secondary bond market on the Nairobi Securities Exchange recorded an increase in activity with bonds worth Kes 2.02 Billion achieved in 103 deals on the market as compared to the Kes 0.76 Billion achieved in 58...

Crude Oil rose above $40 for first time in three months as investors shrug off US unrest