Bolt Secures KSh80 Billion Funding for Expansion in Eastern Africa
Ride-hailing company, Bolt has secured KSh80.8 investment funding, raising the company's valuation to KSh952 billion. Investors who took part in the funding round include Sequoia Capital, Fidelity Management and Research [...]
US Stock Market closes higher after Powell's remarks
The US Stock market closed higher on Wednesday as the investors digested remarks by Federal Reserve Chair Jerome Powell after his testimony before the United States Senate on Tuesday. Jerome [...]
Oil Prices rise to $ 80.30 per Barrel-CBK Report
Oil prices increased during the week ending January 6th 2022, largely due to improved oil demand. According to the Central Bank of Kenya(CBK) Weekly Bulletin, this is despite concerns about [...]
Kenya Inks Six Trade Agreements with China
Kenya and China have sealed six bilateral trade agreements and will also form a joint working group to address trade barriers between the two countries to reduce trade imbalances. The [...]Kakuzi Plc Issues Profit Warning
Kakuzi Kenya Plc, a leading agro-processing firm listed both at the Nairobi Securities Exchange(NSE) and London Stock Exchange, has issued a profit warning notice and cautionary statement to investors and [...]Video; The Best Performing SP 500 Stocks in 2021
The Standard and Poor's 500, (SP 500) a stock market index that tracks the performance of 500 large companies listed on stock exchanges in the United States was up by [...]Kenya Upgrades its Real-Time Payments Infrastructure
Kenya has upgraded its real-time payments infrastructure, placing the Country as one of the first countries in Africa to start running an ISO 20022 instant payments system with modern micro-services [...]US Stock Market Mixed, Companies in the News; Ford, Pfizer, Nvidia
The US stock market traded mixed on Wednesday pre-market session ahead of the release data on employment rate, services and manufacturing sectors' activity, and crude oil stocks. On Tuesday's closing [...]Wall Street opens 2022 higher as Apple Hits $3 trillion market cap
Stocks on Wall Street on Monday closed the first trading day of 2022 higher after Apple became the first company to surpass the $3 trillion market cap during the session. The [...]Tesla Reports Record 308,600 Deliveries for 2021 Q4
Tesla reported that it delivered 308,600 vehicles for the last quarter of 2021, beating last quarter deliveries of 241,300 vehicles. The record vehicle deliveries for Q4 pushed its total vehicle [...]Global Stocks; What You Should Know on the First Trading Day of 2022
US stocks were mixed in the last trading day of 2021, but the major indexes closed out one of their best years on record. The Standard and Poor's 500, (SP [...]Tesla Recalls Over 475000 Cars Over Potential Technical Defects
Tesla is recalling 475,318 Model 3 and Model S Units released between 2012 and 2020 to address potential technical defects. The carmaker initiated two voluntary recalls, one for rear-view camera [...]
