The Trading Room

The service will allow customers to send money to bank accounts and mobile wallets in 15 countries, including neighboring Uganda, the United Kingdom, India, China and Germany.

Family Bank also signed a partnership with Performeter Agribusiness Limited setting aside Sh1 billion to fund fodder production for dairy farmers in cooperatives. 

KCB Group Plc was however up with investors reacting to news of acquisitions in Rwanda and Tanzania. The share price rose 2.62% to Kes.37.15, with 10 million shares valued at Kes.375 million transacted.

A new round of vaccine optimism and diminishing political uncertainty helped global stocks build on recent gains for the holiday-shortened week

U.S.-listed shares of iQIYI Inc fell 1.7% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put on hold talks to buy a controlling stake in the video streaming service.