Kenya’s Inflation Rises to 19-Month High at 6.91% Pushed by Rising Energy Costs
Kenya’s Inflation stood at 6.57% in August as the Central Bank of Kenya warned of risks arising from both domestic and international markets.
Bitcoin Rallies 1.5% as El Salvador Adopts the Cryptocurrency as Legal Tender.
The bitcoin adoption idea has been to place 200 ATMs where El Salvador citizens can exchange Bitcoins for US dollars and withdraw cash.
Tuskys Relaunches in Bid to Regain Market Share After Capital Injection
Tuskys has lost significant clout to rivals Naivas and newcomer Quickmart which has been on an expansion spree countrywide.
Opinion: Is Buying the Dip Really the Best Option Now?
One of the most successful formulas in investing in the past three decades has been `buy the dips.’ Investment advisors could identify scores of rags to riches stories of investors who gained from that strategy.
Cipla Sends Profit Warning to Shareholders for 2019
CIPLA’s share price has fallen by more than a half from the Initial Public Offering (IPO) price of Ushs 256.5 per share in 2018. Its shares were trading at Ushs 101 apiece as of May 5, 2020.
Fitch Says Kenya’s COVID-19 Measures Will Lead to Faster Increase in Debt
Fitch expects Kenya’s general government debt to continue rising through FY22 to reach about 70% of GDP. This is higher than our pre-coronavirus forecasts, which saw debt peaking at 65% of GDP. As domestic Treasury auctions are typically undersold, much of the increased borrowing in FY21 and FY22 will have to come from external sources, leading to an increase in Kenya’s external debt, which is already high compared with ‘B’ rated peers.
International Monetary Fund: World Economy to will Be Weakest Since 2008 Financial Crisis
The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The IMF’s latest World Economic Outlook foresees a slight rebound in 2020 but warns of threats ranging from heightened political tensions in …
NSE’s Upgraded System to go live on Monday.
The new Active Trader System of the Nairobi Securities Exchange is set to go live next Monday 14 October, 2019 bringing an end to a long wait for system change by traders and participants in the Equities Market Space. This comes in the week of user data migration by the Central Depository & Settlement Corporation …
CDSC to suspend some services for a week as systems upgrade now complete.
The Central Depository & Settlement Corporation will suspend most of its services for one week starting Monday 7th to Friday 11th October,2019 as it completes the transfer of user data from the oracle based system to a new vendor. Services to be suspended include new user account creation and client account data update services. During …
CDSC to suspend some services for a week as systems upgrade now complete. Read More »
Merged NIC & CBA Unit to start operations on 1st October as NCBA.
The Merged Unit of NIC Group Plc and Commercial Bank of Africa Group will be operational as from October 1,2019. The two units will be operating under a Non-Holding entity as NCBA. This has been announced by Central Bank of Kenya today notifying investors & customers of the two Banks that have been operating as …
Merged NIC & CBA Unit to start operations on 1st October as NCBA. Read More »
KCB Group names Paul Russo as the new CEO to succeed Joshua Oigara.
KCB Group Plc has announced the appointment of Paul Russo as the new Chief Executive Officer effective today, May 25, 2022. Paul Russo who is the current National Bank of Kenya (NBK) CEO and KCB Group Regional Business Director takes over leadership of the giant lender from Joshua Oigara whose term has ended after nine …
KCB Group names Paul Russo as the new CEO to succeed Joshua Oigara. Read More »
Crypto Crash Continues as Tether Drops Below USD Value at $0.97
Cryptocurrencies faced a major meltdown as the drop in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through markets on Thursday.
CMA Gives Approval for Transcentury Rights Issue
The Capital Markets Authority (CMA) has granted approval to TransCentury Plc (“TC”) to undertake a rights issue The rights will be issued on the basis of five (5) new ordinary shares for every one (1) existing share as approved in the last shareholder meeting. Funds from the Rights Issue will go towards supporting the last …
CMA Gives Approval for Transcentury Rights Issue Read More »
Twitter Board Accepts Elon Musk’s Acquisition Offer.
Twitter, Inc. today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, the social media giant will become a privately held company. Under the terms …
Twitter Board Accepts Elon Musk’s Acquisition Offer. Read More »
Oil Prices Hold Near $104 as China, japan Post Weaker Economic Data.
Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about growth and oil demand in the world’s top consumers.
Equity Group announces a total $1.6Billion DRC investment commitments by 26 Kenyan Companies
26 Kenyan companies have committed trade investments worth $1.6Billion in the Democratic Republic of Congo. The 26 traders are part of the Kenya delegation that participated in last year’s Kenya-DRC Trade Mission organized by the Government of Kenya and the Government of the Democratic Republic of Congo (DRC) in partnership with Equity Group. Some of …
Oil Prices Hold at $100 as OPEC Warns of Supply Crunch even as China Relaxes Restrictions
The partial easing of Shanghai lockdowns lifted some of the downward pressure that was starting to be felt on worries about Chinese oil demand, she said.
Family Bank acquires Kes 1.5 Billion facility from African Guarantee Fund to fuel growth of SMEs.
Family Bank has acquired a KES 1.5 billion loan portfolio guarantee facility from the African Guarantee Fund.
Market Report; April 11, 2022
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) A total of 3,822,200 shares in 781 deals, corresponding to a market value of KES 104,046,357.00, were traded. Compared with the previous NSE trading day (Friday, April 8), today’s data shows a 38% decline in volume, a 36% decline in …
Oil Prices Down 2.9% Amidst China’s Renewed Coronavirus Lockdowns.
Demand for oil will be affected in China – the world’s biggest oil importer – by pandemic-driven mobility restrictions and in Russia by international sanctions.
Elon Musk Will Not Join Twitter board, Paraga Confirms.
Elon Musk has decided not to join the board of Twitter, the company’s chief executive Parag Agrawal says. Elon Musk’s appointment was due to become effective on Saturday after revealing last week that he had bought a 9.2% stake in the social media platform. However, Mr. Agrawal tweeted: “Elon shared that same morning that he …
Elon Musk Will Not Join Twitter board, Paraga Confirms. Read More »
Oil mixed at $106.75 as new Russia sanctions offset demand worries
Proposed EU sanctions, which the bloc’s 27 member states must approve, would ban buying Russian coal and prevent Russian ships from entering EU ports. Britain also urged G7 and NATO nations to agree a timetable to phase out oil and gas imports from Russia.
Kenya Gets Kes 85.5 Billion From World Bank for Post-Covid Growth
Kenya has secured Kshs. 85.5 billion from the World Bank in what the lender says will help support the country’s post-pandemic economic transformation. The low-cost Development Policy Operation will fund fiscal and debt reforms to make spending more transparent and efficient, and enhance domestic debt market performance. World Bank Country Director for Kenya Keith Hansen …
Kenya Gets Kes 85.5 Billion From World Bank for Post-Covid Growth Read More »
KCB GROUP PLC POSTS KSHS.34.2B IN FULL-YEAR 2021 PROFIT AFTER TAX
Growth in total income and reduction in loan loss provision charge pushed performance by 74% in steady post-COVID-19 recovery KCB Group Plc recorded a historic 74% rise in profit after tax for the full year ending December 2021, riding on an economic recovery across markets. Net profit grew to KShs.34.2 billion compared to KShs.19.6 …
KCB GROUP PLC POSTS KSHS.34.2B IN FULL-YEAR 2021 PROFIT AFTER TAX Read More »
Oil Prices Jump 1.9% as EIA Raises Concerns on Supply.
Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day (BPD) of Russian crude and refined products from April. The supply loss would be far greater than an expected one million BPD per day drop-in demand triggered by higher fuel prices, the IEA said in …
Oil Prices Jump 1.9% as EIA Raises Concerns on Supply. Read More »
Oil Prices Steady at $109 Amidst U.S Russian Oil Ban.
Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers. Brent crude oil futures inched down 16 cents, or 0.15% to $109.17 a barrel at 0434 GMT …
Oil Prices Steady at $109 Amidst U.S Russian Oil Ban. Read More »
What is an ETF and why should you invest in one
ETFs use the old saying, “don’t put all your eggs in one basket.” Having a mix of investment types and sources allows investors to diversify their portfolio and, therefore, mitigate risk and make more room for reward
Bitcoin rallies 13% amidst growing sanctions on russia
Bitcoin was up more than 13% at $43,500.16 as of 3:03 a.m. ET after hitting a high in the past 24 hours of $44,165.90, according to CoinDesk data.
Catalyst Fund announces its 10th cohort of companies
Catalyst Fund is supported by the UK Foreign, Commonwealth and Development Office (FCDO), JPMorgan Chase & Co., and PayPal, and fiscally sponsored by Rockefeller Philanthropy Advisors
European Stock markets crash 2.7% as Russia attacks ukraine
European stocks sold off sharply on Thursday after Russia began an attack on Ukraine, tipping a longstanding diplomatic crisis into a military conflict. The pan-European Stoxx 600 dropped 2.7% in early trade, with banks tumbling 4.3% to lead losses as all sectors and major bourses slid into negative territory. Global markets were rocked on Thursday …
European Stock markets crash 2.7% as Russia attacks ukraine Read More »
Oil prices rise to $98.32 as Russia declares war on ukraine
Oil prices gained on reports of cyberattacks on several Ukrainian state websites added to fears about escalating tensions with Russia.
Why are Kenyans not Investing Enough?
Investment in the future dipped in 2021 compared to 2019, the previous year of the survey. The number of Kenyans investing in equities and bonds fell from 3.2% in2019 to 2.3% in 2021. The trend follows the steady decline in investment usage since 2012 as Kenyans rank investment low among their priority areas due to …
Savings App Cashlet to Officially Launch in 2 Days – What to Expect
Cashlet App will debut on the Google Play Store in 2 days. The platform promises an easy way to save directly from your mobile wallet, as well as interests on savings through unit trusts. Here are some of the things you should expect: 1. Easy way to Access Funds During Emergencies You will be able to …
Savings App Cashlet to Officially Launch in 2 Days – What to Expect Read More »
Building an Emergency Fund
If there is one thing that the COVID-19 pandemic taught us all, it is the necessity of an emergency fund. We need resources that would act as shock absorbers to soften the blow of unexpected events like medical emergencies, loss of income, house repairs or any other unplanned bill, outside the routine expenses, that could …
Cashlet is Launching on February 20, Ready to Start Saving in 2022?
We are still in the early phases of the new year, which provides a perfect time to reminisce the goals we made in 2021, and perhaps make up what we want to achieve in 2022. You may already have crafted your health goals, new hobbies, and travel plans, there’s still room to craft your 2022 …
Cashlet is Launching on February 20, Ready to Start Saving in 2022? Read More »
How is your Financial Health?
Financial health refers to the state of a person’s monetary status and how it applies to their physical, mental, and social wellbeing. It includes different aspects of financial life such as savings, expenses, and retirement planning. While the markers for what is good financial health may vary because of individual circumstances, some of the metrics …
Global Markets Weekly Review: Week 06, 2022
Chinese stocks rose in line with global markets amid supportive official comments and a perception that the country’s regulatory crackdown cycle had peaked.
Oil Prices Down 0.3% as Concerns over The Fed’s Aggressive Interest Rate Hikes
Tight supply was seen in U.S. crude oil stockpiles, which unexpectedly fell 4.8 million barrels in the week to Feb. 4 to 410.4 million barrels as overall refined product demand reached an all-time record.
4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals
Cashlet allows you to set a timeline and amount to your goals and track your progress towards achieving them, acting as a digital accountability partner throughout the savings process.
Wall Street Lower on Fears of Aggressive Fed Rate Hikes
Wall Street ended sharply lower on Thursday after U.S. consumer prices data came in hotter than expected and subsequent comments from a Federal Reserve official raised fears the U.S. central bank will hike rates aggressively to fight inflation. U.S. Labor Department data showed consumer prices surged 7.5% last month on a year-over-year basis, topping economists’ …
Wall Street Lower on Fears of Aggressive Fed Rate Hikes Read More »
CBK Explores Possible Introduction of Digital Currencies as Payment Option
The CBK on Thursday published a Discussion Paper on Central Bank Digital Currency inviting public input on modalities of possible introduction of a digital Kenyan shilling.
Achieving Financial Independence Through Passive Income
Financial independence is when you have enough income to cater for your living expenses without working. One of the routes to financial independence is through passive income, where you make money with very little time and effort by either engaging in activities or investments that do not require direct supervision or direct effort. For some …
Achieving Financial Independence Through Passive Income Read More »
Market Report; February 07, 2022
Trading on the secondary bond market on the Nairobi Securities Exchange (NSE) posted gains, compared to Friday’s trading, with bonds valued at Kes 6.05 billion transacted in 91 deals
Cashlet to Launch in 14 Days
Cashlet will soon be on the Google Play Store with launch dates set for February 20th 2022. The savings and investing app plans to go live with features that will help users start saving small, building up their consistency in both saving and investing through the mobile app. Why Consistency? Saving money does not come …
Introducing Unit Trusts Through Cashlet
Cashlet will introduce unit trusts as part of their one-stop-shop offering to allow investors to manage, invest and grow their finances.
Savings Startup Cashlet Prepares to Launch in Kenya
Sycamore Capital’s mobile-based unit trust app Cashlet is gearing for launch in the Kenyan market to bridge the low savings culture in the country
Moody’s to Acquire 51% Stake in GCR Ratings, Expanding Presence in Africa
In South Africa, Moody’s and Global Credit Rating (GCR) intend to advance corporate social responsibility initiatives, including social enterprises that provide education and support to female-owned businesses and entrepreneurs.
Oil Prices Extend Gains at $89.52 as Growing Geopolitical Tensions Dampens Supply Outlook.
Sources said an OPEC+ technical panel meeting on Tuesday did not discuss a hike of more than the expected 40,000 barrels of crude oil per day from March.
Wall Street Advances, AT&T Shares Plunges 4.2% as Dividend is Cut by 50%
Google parent Alphabet Inc rose 1.7% on wall street ahead of quarterly results published after the bell. Amazon Inc and Meta Platforms Inc are also on deck later this week.
Market Report; February 01, 2022
Car and General Plc saw its shares decline by 8.89% during Tuesday’s trading session on the Nairobi Securities Exchange (NSE). Volumes on the stock however remained low, with only 600 shares traded on the counter.
Oil Prices Extend Gains at $89.40 as Traders Bet on Recovery in Fuel Demand.
The risk of geopolitical disruptions to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by barrels for prompt delivery soaring, suggesting the current price rally has further to run.
Kenya’s Inflation Rate Drops to 5.39% on Lower Electricity Costs
Kenya’s annual inflation rate has dropped to 5.39% in the month of January on account of lower prices of electricity, the statistics bureau has said.
CBK Survey Shows High Optimism on Economic Growth in 2022 as Key Sectors Continue to Recover.
Data from the Central Bank of Kenya (CBK) shows top CEOs in Kenya are optimistic about business growth this year
Market Report; January 31, 2022
The derivatives of the NSE posted a decline in activity, with 11 futures contracts valued at Kes 321,200 concluded by the close of Monday’s trading session.
Global Markets Weekly Review: Week 04, 2022
Fed Chair Jerome Powell left open the possibility that global markets policymakers would raise rates in 2022 more than the three quarter-point hikes they had signalled after their December meeting
Market Report; January 28, 2022
There were 53 single stock futures valued at Kes 1,922,250 traded in today’s session on the derivatives market of the NSE.
Asian Markets Mixed Nikkei Reverses Losses, Closes 2.1% Higher.
Australia’s ASX 200 advanced 2.19% to end the session at 6,988.1. MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.19% higher.
Oil Headed for Sixth Weekly Gain Amid Supply Concerns
Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 45 cents, or 0.5%, to $89.79 a barrel at 0429 GMT, after falling 62 cents during the previous day. However, prices …
Oil Headed for Sixth Weekly Gain Amid Supply Concerns Read More »
Market Report; January 27, 2022
Compared with the previous NSE trading day, today’s data shows 2% improvement in volume, 48% improvement in turnover, and 8% improvement in deals.
Oil Prices Fall 1% as U.S. Fed’s Pending Rate Hike Spooks Investors
Crude oil prices surged on Wednesday, with Brent climbing to $90 a barrel for the first time in seven years, amid the tensions between Ukraine and Russia, the world’s second-largest oil producer, that has fanned fears of energy supply disruptions to Europe.
Market Report; January 26, 2022
Trading on the secondary bond market of the NSE posted an increase in activity, compared to Tuesday’s trading, with bonds valued at Kes 3.48 billion transacted in 98 deals.
Market Report; January 25, 2022
A total of 11,591,200 shares in 1,103 deals, corresponding to a market value of KES 413,050,977.00, were traded in today’s session on the NSE.
Oil Prices Reverse Gains at $88.05 Ahead of U.S. Federal Reserve Update
Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions and worries about the conflict in Yemen.
Kenya’s Projects 4.7% Growth in 2022 on the Back of High Food, Commodity Prices.
Kenya will spend Kes. 1.36 trillion equivalent to 63% of projected revenue in the current fiscal year to service the current public debt which stands at Kes. 8 trillion.
Gold Prices Flat at $1,840.24 Ahead of Fed Meeting
Spot gold was little changed at $1,840.24 per ounce by 0323 GMT. U.S. gold futures were also steady at $1,840.70.
Oil Prices Rebound at $86.75 Amidst Growing Eastern Europe and Middle East Tension
Lower U.S. oil inventories are also providing support, with crude inventories around the NYMEX WTI delivery point at Cushing in Oklahoma at the lowest for the time of year since 2012.
Kenya Set to Ammend Debt Ceiling as Public Debt Nears the Kes. 9 Trillion Mark
Analysis indicates that despite shifting borrowing from short-term debt instruments to medium and long-term instruments, Kenya’s domestic debt stock has a much lower Average Term to Maturity of 6.9 years compared to external debt maturity of 10.8 years.
Market Report; January 24, 2022
The derivatives market of the NSE saw an increase in activity in today’s trading session compared to Friday’s trading with 19 single stock futures valued at Kes 830,670.
DTB Signs Partnership Deal with The Canton Chamber of Commerce (Guangdong Association)
The deal will see the Canton Chamber of Commerce in Kenya (Guangdong Association) members use DTB’s banking services including operating corporate and individual bank accounts, remittance services and lending services.
Oil Prices Steady at $88.76 as OPEC Struggles to Raise Output.
Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight supply outlook, while OPEC and its allies continued to struggle to raise their output. Brent crude futures rose 87 cents, or 1.0%, to $88.76 a barrel by 0100 GMT, reversing a 0.6% loss on …
Oil Prices Steady at $88.76 as OPEC Struggles to Raise Output. Read More »
Bitcoin Dips by 2.3% Even as Technical’s Show Most Cryptocurrencies are in Oversold Territory
Bitcoin price started a major decline below the $42,000 and $40,000 support levels. BTC gained pace below the $38,000 level to move further into a bearish zone.
Global Markets Weekly Review: Week 03, 2022
Global markets remained mixed this week, with a majority of the investors gaining ground on basis of interest rates rising as mentioned by the Feds, an event that the market has been anticipating for over 18 months.
Kakuzi Names Violet Mavisi to Head its Operational Level Grievance Mechanism.
The naming of Ms Mavisi as an Independent Head of the Kakuzi OGM, will provide impetus to the firm’s ongoing efforts to maintain world-class human rights management standards.
Market Report; January 21, 2022
The derivatives market of the NSE saw an increase in activity compared to Thursday’s trading with 6 single stock futures valued at Kes 215,980 concluded.
Oil Plunges 3% as U.S Stockpiles Increase and Investors Embark Profit Taking
Falling equity markets also impacted crude oil markets as investors have become increasingly worried about central banks raising interest rates this year to combat inflation
Cashlet App Admitted to CMA Sandbox, Pioneering Access to Unit Trust Investing for Kenyans.
The beta version of the Cashlet app is due to be released by mid-February 2022, but users can sign up now to join their Waitlist.
Netflix Shares Tumble 20% on Subscriber Growth Uncertainity, Disapointing Numbers
Netflix said it plans for a more back-end weighted content slate in the first quarter, with big premieres set for March.
Market Report; January 20, 2022
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 9,140,600 shares in 771 deals, corresponding to a market value of KES 322,684,409.00, were traded. Compared with the previous NSE trading day (Wednesday, January 19), today’s data shows 36% decline in volume, 30% decline in turnover, and 15% decline …
Asian Markets Rally as China Cuts Key Lending Rates by 10 Basis Points.
In Asia, China on Thursday cut its one-year loan prime rate by 10 basis points, while its five-year LPR, which influences the pricing of home mortgages, was cut by 5 basis points, the first time since April 2020.
Oil Prices Flat at $88.27 Amidst Growing Tensions at the Russian-Ukranian Border.
OPEC officials and analysts say that an oil rally may continue in the next few months, and prices could top $100 a barrel as demand shrugs of the spread of the omicron Covid-19 variant.
Market Report; January 19, 2022
The derivatives market of the NSE was fairly flat in activity compared to Tuesday’s trading with 10 single stock futures valued at Kes 409,100.
Oil Prices Extend Gain to $89 as Outage Hits Iraq- Turkey Pipeline.
OPEC+ supply constraints and the ongoing increase in global oil demand will likely keep oil prices well supported in the coming months.
Gold Slips 0.3% Dragged by Stronger Dollar and Higher U.S. Treasury Yields.
Benchmark 10-year U.S. Treasury yields touched a two-year peak, while the dollar hit a six-day high earlier in the session, making gold expensive for overseas buyers.
Oil Prices Rally, Brent Futures Jump to 7-Year High Fuelled by Middle East Tension.
Some oil producers within the Organization of the Petroleum Exporting Countries (OPEC) are struggling to pump at their allowed capacities, due to underinvestment and outages.
Market Report; January 14, 2022
The derivatives market of the NSE recorded a marginal decline in activity compared to Tuesday’s trading with 9 single stock futures valued at Kes 383,650.
Oil Prices Drop 0.6% U.S. Inventory Release, China Demand Concerns
With oil prices above $80 a barrel, there is growing political pressure for the White House to lobby OPEC+ to hit their production quotas.
Market Report; January 13, 2022
East African BreweriesPlc emerged as the top loser during Thursday’s trading session on the NSE with an end-of-day price depreciation of 5.31% at KES 151.50 per share.
Asian Markets Trade Lower as Investors Focus Shifts to Inflation; Shenzhen Drops 2%
In earnings across Asian companies, Taiwan’s TSMC reported its fourth-quarter results, posting a record of a 16.4% rise in quarterly profit.
Brent Holds at $82.44 as Oil Prices Mixed Amidts Growing Uncertainty Over Near-Term Demand
Data from the U.S. Energy Information Administration on Wednesday showed oil demand has taken a hit from omicron, with gasoline stockpiles increasing by 8 million barrels in the week to Jan. 7
Market Report; January 12, 2022
Trading on the secondary bond market on the NSE posted an increase in value, compared to Tuesday’s trading, with bonds valued at Kes 4.67 billion transacted in 73 deals.
Asian Markets Rally Buoyed by China December Inflation Data; JD Soars 11.05%
Chinese markets rose on Wednesday, tracking gains in other Asia-Pacific markets. U.S. markets also rallied overnight as comments from the Fed chief appeared to reassure investors.
Oil Prices Extend Gain by 0.5% After Jerome Powell Signalled Slower Raise on Rates.
Oil prices climbed on Wednesday, extending big gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should support oil demand in the near term. Benchmarks Brent and WTI are trading at their highest levels since the super contagious omicron variant of …
Oil Prices Extend Gain by 0.5% After Jerome Powell Signalled Slower Raise on Rates. Read More »
Asian Markets Lower as Investors Keep Fed, Omicron in Focus; Shenzhen Drops 1.27%
Asian markets mostly fell on Tuesday as investors remain concerned about inflation as well as likely policy tightening from central banks such as the U.S. Federal Reserve.
KenGen Completes Phase One of the 25-Acre Ngong Forest Restoration Project
The initiative is in line with the Kengen’s Environmental Conservation Program and Corporate Environmental Sustainability Policy
Oil Maintains Steady Rise, Brent at $81.27 as Producers Struggle on Output.
The market is waiting on U.S. oil and product inventory data from the American Petroleum Institute (API), an industry group, due at 2130 GMT on Tuesday, followed by data from the U.S. Energy Information Administration on Wednesday.
Market Report; January 10, 2022
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE). A total of 9,042,500 shares in 1,021 deals, corresponding to a market value of KES 275,028,913.00, were traded. Compared with the previous NSE trading day (Friday, January 7), today’s data shows 20% improvement in volume, 13% improvement in turnover, and …
Oil Prices Flat at $81.91 amidst Growing Concerns over Kazakhstan, Libya Supplies.
The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to Jan. 7, its highest since April 2020, energy services firm Baker Hughes said in its closely followed report on Friday.
Market Report; January 07, 2022
At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE). A total of 7,538,000 shares in 925 deals, corresponding to a market value of KES 242,840,783.00, were traded. Compared with the previous NSE trading day (Thursday, January 6), today’s data shows 10% improvement in volume, 23% decline in turnover, but …
Asian Markets Mixed, China Evergrande Shares Jump 4.85% on Property Optimism.
Asian markets were spooked earlier in the week and fell sharply after minutes from the Fed’s December meeting showed officials at the central bank ready to aggressively dial back policy help.
Oil Gains to $82.56 as Libya Outage and Kazakhstan Unrests Fuel Supply Concerns
Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fueled by supply worries amid escalating unrest in Kazakhstan and outages in Libya.
Oil Prices Drop by over 1% after OPEC+ Meeting and U.S Inventory Report
Global petroleum production increased more slowly than demand, driving higher prices. The slower increase in production was mostly attributable to OPEC+ crude oil production cuts that started in late 2020
Market Report; 03 January, 2022
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE), A total of 17,570,500 shares in 710 deals, corresponding to a market value of KES 630,421,032.00, were traded. Compared with the previous NSE trading day (Friday, December 31), today’s data shows 72% improvement in volume, 83% improvement in turnover, but …
CMA Issues the Fourth Edition of the State of Corporate Governance Report.
The Capital Markets Authority (CMA) continues to appreciate the importance of collaboration and partnerships, as demonstrated by the MoUs signed with a number of institutions.
Oil Gains 1.02% Despite Concerns Over Rapid Spread of Covid-19
Last year, oil prices rose around 50%, spurred by the global economic recovery from the COVID-19 pandemic slump and producer restraint, even as infections reached record highs worldwide.
Global Markets Weekly Review: Week 52, 2021
2021 was a better-than-average year for global markets. Stock market returns, economic growth, policy stimulus and inflation all ran hot while volatility was historically cool.
Market Report; 31 December, 2021
Trading on the secondary bond market on the NSE posted an increase in value, compared to Thursday’s trading, with bonds valued at Kes 1.38 billion transacted in 29 deals.
Oil Dips by1.1% Even as Data Shows Futures Headed for Biggest Gains Since 2009
After rising for several straight days, oil prices stalled on Friday as Covid-19 cases soared to new pandemic highs across the globe.
Market Report; 30 December 2021
At the end of today’s trading session on the Nairobi Securities Exchange (NSE), A total of 2,605,400 shares in 731 deals, corresponding to a market value of KES 74,958,097.00, were traded. Compared with the previous NSE trading day (Wednesday, December 29), today’s data shows 19% decline in volume but 8% improvement in deals. The current …
Oil Prices Hold Near $80 as Supply Dips Amidst Surge in Omicron Infections
Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.
Market Report; 29 December 2021
At the end of today’s trading session on the Nairobi Securities Exchange (NSE). A total of 3,219,300 shares in 680 deals, corresponding to a market value of KES 74,546,504.00, were traded. Compared with the previous NSE trading day (Tuesday, December 28), today’s data shows 47% decline in volume, 61% decline in turnover, and 18% decline …