An Etihad spokesperson said as the airline continues ‘to focus on recovery and rebuilding its global network, it will continue to rely on the efficiencies and advantages of its twin…
According to Statista, airlines worldwide have received government aid amounting to $161.9 billion as of September 2020.
Prospects for the full year remain in line with UNCTAD’s earlier projections of a 30% to 40% decrease in FDI flows, the report indicates.
The pound has depreciated rapidly, trading at 510 SSP for $1 on the black market, while the central bank is selling it at 167 SSP.
Market giant Dangote Cement Plc, which climbed 9.9%, MTN Nigerian Communications Plc, up 5.7%, and Zenith Bank Plc, which gained 9.5%, were the three biggest contributors to Tuesday’s advance
Mr. Hansen will be based in Nairobi, Kenya.He succeeds Carlos Felipe Jaramillo who was appointed as the Vice President for Latin America and the Caribbean region.
Kenya was ranked 115 out of 152 countries in the industrial index
Volume on U.S. exchanges was 10.32 billion shares, compared with the 11.28 billion average over the last 20 trading days.
Libya, whose ports have been blockaded since January, is trying to resume exports after the state oil firm lifted force majeure at its Es Sider oil terminal on Wednesday. However,…
Markets in China and Hong Kong are closed on Thursday for a holiday.
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
Equity turnover on the Nairobi Securities Exchange closed the week lower with 84.8 Million shares valued at Kes 2.37 Billion transacted this week against 80.9 Million shares valued at Kes.2.4…
This is the lowest levels China has pegged the Yuan since the financial crisis of 2008.
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…
The Dow Jones Industrial Average fell 516.81 points, or 2.17%, to 23,247.97, the S&P 500 lost 50.12 points, or 1.75%, to 2,820 and the Nasdaq Composite dropped 139.38 points, or…
The Cboe Volatility Index, known as Wall Street’s fear gauge, ended 5.47 points higher at 33.04. It was the biggest one-day point gain for the VIX in more than three…
Stocks have rebounded sharply since late March from the coronavirus-fueled sell-off, helped by massive monetary and fiscal stimulus
The Dow Jones Industrial Average rose 133.33 points, or 0.56%, to 23,883.09, the S&P 500 gained 25.7 points, or 0.90%, to 2,868.44 and the Nasdaq Composite added 98.41 points, or…
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…
Amazon stock fell about 5 percent after the company reported on Thursday that despite surging sales in the first quarter, costs to deliver products amid the pandemic had taken a…
The dollar dropped against a basket of peers. The dollar index fell 0.247%, with the euro up 0.08% to $1.0837. The Japanese yen strengthened 0.38% versus the greenback at 106.86…
The Dow Jones Industrial Average rose 358.51 points, or 1.51%, to 24,133.78, the S&P 500 gained 41.74 points, or 1.47%, to 2,878.48 and the Nasdaq Composite added 95.64 points, or…
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.
The challenge of identifying which assets will lead the rebound from the virus turmoil is the major debating point as countries around the world achieve some success in limiting 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 banking stocks are one of the most hit in Nairobi as stocks plummeted and have been struggling to remain stable. Co-op bank which closes it’s books in a week’s…
The week ahead will be tough on the market, it is now clear that the country will face an economic downturn from the corona virus. Various businesses will be affected…
Well, these types of rallies are not uncommon in periods of extreme volatility. During the height of the financial crisis, in October 2008, global markets posted two single-day gains of…
As the virus spread and Kenya’s reported an additional one confirmed case of the COVID-19 yesterday and also reported the first recovery of an infected patient. Spain had its deadliest…
The first quarter of the year and the market is taking one of the greatest hit of all time. Bringing the reminiscence of the 1987 and the 2008 crash.
Global markets…
In the coming week, we expect the bear run to open Monday but only for a short while. The market volatility will definitely be heghtened further if the country reports…
Data from commercial banks reveal the shilling is under pressure since Tuesday when Central Bank of Kenya announced they will buy back a total of $400 million (Kes41.2 billion) from…
The NSE opens this morning with a new wave on uncertainties as global markets. U.S. stocks tumbled and Treasuries surged as investors worried the Federal Reserve’s emergency cut won’t be…
Data from Central Bank shows that the Kenya Shilling strengthened against major international and regional currencies during the week ending February 6, reflecting inflows to the corporate sector. It exchanged…
Kenya Airways on Friday said that they had suspended all flights to and from China until further notice after the world Health Organization [WHO] declared the corona virus outbreak an…
Africa's most profitable airline company has announced that they will commence construction of Africa's largest airport in six months time. Ethiopian Airline’s chief executive officer Tewolde Gebremariam told the Ethiopian Broadcasting…
Global Markets pulled back from record highs to start December, undermined by comments from U.S President Donald Trump and others in his administration suggesting any deal to resolve the trade…
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…