The World Bank has suspended a $100 million payment to the Democratic Republic of Congo that was meant to support the country's education system.
In June 2020, the World Bank's Board…
On Monday, President Joe Biden expected to sign an executive order to impose a ban on most non-U.S. citizens entering the country who have recently been in South Africa in…
The African Export-Import Bank has mobilised $1 billion for an adjustment facility to offset revenue losses for countries that lower cross-border tariffs as part of an Africa-wide free trade area.
We…
The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected to remain contained in the medium term.
Best solutions stand a chance to walk away with between Kshs. 1 million and Kshs. 4 million in the final slated for 17th November.
The current provisional trade data up to August 2020 shows Kenya’s exports were valued at 34.9 billion shillings while imports are valued at kes 18.9 billion with a trade balance…
The Bank was recognized amongst 14 African banks in the list that consisted of banks from 112 countries globally. KCB was the only Kenyan Bank on the roll.
Following three consecutive weekly advances, global stocks declined modestly during the week. The news flow was dominated by headlines around the negotiations for another round of fiscal relief from Washington…
However, according to a report by the firm , only Tanzania took up its full share of 8% while Kenya took up 2.5 %.
Davis & Shirtliff plans to use the new facility to increase the company’s network to 70% coverage across Kenya and open its distribution network further in other African markets.
Safaricom led the movers, with 29 million shares worth Kes.866M exchanging hands at a fairly stable price of Kes.30.00; this represented 56.83% of the week’s traded value.
In Riyadh, Arabian Centres gains as much as 2.5% after it announced the opening of an extension of a mall in Riyadh that will add 16,000 square meters of additional…
Albert Sigei, CEO CIMERWA Plc, explained that this will be an opportunity for investors to gain exposure into the attractive cement industry with solid growth potential.
In addition, some of the small businesses will be offered a market of their products by the government.
Japanese stocks posted gains for the week. The Nikkei 225 Stock Average advanced 406 points (1.8%) and closed at 22,696.42
Secondary trading on the Bond market at the Nairobi bourse witnessed improved activity with bonds worth Kes.14 billion transacted compared to Kes.9 billion registered the previous week.
Secondary trading on the bond Market at the Nairobi Securities Exchange registered reduced activity with bonds worth Kes.9.0 billion transacted this week as compared to the Kes.20 billion registered on…
The pan-European STOXX Europe 600 Index ended the week 1.89% lower, with major European indexes mixed. Germany’s DAX Index declined 2.09%, while Italy’s FTSE MIB Index slipped 2.33%, and France’s…
When you go to the market to borrow money, the market is looking at your current and past behavior
Safaricom Plc recorded a 1.48% share price appreciation to Kes.30.90, up from Kes.30.45 registered the previous week with shares worth Kes.1.4 billion transacted; this represented 46.47% of the week’s traded…
Last year, African Alliance announced the closure of its Ugandan brokerage business, citing low market activity
The African Development Bank established its Social Bond framework in 2017 and has raised the equivalent of $5.5 billion through five transactions supporting 89 eligible social projects in 28 African…
The benchmark NSE All Share Index (NASI) inched up during the week,gaining 2.70 points this week to close at 142.88, this represented a 1-week gain of 2.66%, a 4-week gain of…
Shares in Europe surged as countries eased lock-down restrictions and the European Central Bank (ECB) injected fresh stimulus into the eurozone economy.
While an industrial revolution was already in progress, the pandemic has accelerated the process and created even more complications for which the economic institutions and policymakers are not yet prepared
The hold in the Central Bank Rate was supported by inflation stability with inflation rate at 5.6% in April. Going forward, the CBK expects the rate to remain within the…
News of a possible vaccine for the corona virus by Moderna Inc pushed markets higher at the start of the week, with the S&P 500 touching the highest level since…
Equity turnover at the Nairobi Securities Exchange closed the week with a relative growth in value in terms of shares exchanging hands and by turnover. Turnover for the week stood…
The benchmark NSE All Share Index (NASI) closed at 140.87, representing a 1-week gain of 0.84%, a 4-week gain of 6.14%, but an overall year-to-date loss of 15.35%. The NSE…
In each of the next three years, Kenya will need to repay on average 1.7% of GDP in external principal amortizations in addition to any potential external financing of the…
The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure…
The NSE All Share Index closed at 139.69, which represented a 1-week gain of 2.88%, a 4-week gain of 5.89%, but an overall year-to-date loss of 16.06%. The NSE20 share…
Gold demand will continue to feel the effects of COVID-19 for the rest of 2020. In particular, the divergence between investment in gold-backed ETFs and consumers via jewelry will likely…
That brings the total easing since November to 200 basis points, with the rate now the lowest since September 2011
The Nairobi Securities Exchange closed the week on a high note with 134 Million shares valued at Kes.4.3 Billion against the 79.8 Million shares valued at Kes.2.38 Billion transacted the…
The sharp downward revision is driven by a massive decline in Asian economies, led by China and India which are slated to post sub-1 per cent growth this year.
There is not much expectation about the current quarterly earnings season and the disappointment seems to be already factored into the stock prices. Markets will watch out for management commentary…
The spot market remains volatile and will likely decline further without adequate measures by the government such as economic stimulus packages such as corporate tax incentives during this pandemic. The…
Kenyan government has less fiscal room to support the economy compared to many of its peers and the country’s credit profile would weaken if a wider fiscal deficit increases the…
The rating action follows the downgrade of the bank’s ultimate parent, South Africa-based Standard Bank Group Limited (SBG), to ‘BB’/Negative from ‘BB+/Negative’
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%…
Wednesday’s cascade that sent technical analysts back to the charts in search of lines of defense that might emerge should the low be tested.
The trend could follow in emerging markets with a high exposure in India, South Africa and Nigeria. The European markets are faced with an increased volatility that could pour out…
counters that are currently trading on cum-dividend are likely to maintain their trading positions at these levels.
Greatest health impact has been in advanced economies, but emerging market and developing countries, especially low-income countries, will be hard hit by a combination of health crisis, a sudden reversal…