CBK Govt. Securities Trading Portal Wins Global Award
Central Bank of Kenya's (CBK’s) DhowCSD platform has been named the winner of Central Banking’s Payments and Market Infrastructure Initiative Award. CBK’s DhowCSD platform went live on July 31, 2023, [...]
Moove Secures $100 Million Funding from Investors Led by Uber
Moove, a mobility fintech, has closed a $100 million funding in its Series B round led by Uber and other financiers. This infusion of capital is set to amplify the [...]
StanChart Posts KShs. 13.8bn, 15% Growth, Profit after Tax in 2023
Standard Chartered announced its Full Year 2023 financial results this morning and investors at the NSE are happy with what they see. StanChart saw increases in revenue, profit, earnings per [...]
Kenya Woos Egyptian Investors with EU, US Trade Deals
Kenya is banking on its trade deal with the European Union and its central location in East Africa to woo Egyptian investors to the country, government officials said during the [...]East African Cables Sells Majority Stake in Tanzanian Unit
East African Cables PLC has sold a 51% stake in its Tanzanian subsidiary to Msufini (T) Limited as it embarks on a turnaround strategy. In mid-2023, EA Cables obtained a [...]Unga Group Posts KShs 341.6mn Net Loss
Unga Group Plc, the only listed miller at the Nairobi Securities Exchange(NSE) sunk deeper into loss territory, with a net loss of KSh 341.6 Million for the half year ended [...]CBK Seeks KSh 40bn in Feb T-Bonds Tap Sale
The Central Bank of Kenya (CBK) has floated Treasury Bonds worth KSh 40 billion for budgetary support during February 2024. Placing agents are commercial banks, non-bank financial institutions, licensed stock [...]Uganda Parliament Pensions Scheme to Reduce Equity Investments in Kenya
Uganda's Parliamentary Pensions Scheme (PPS) is considering reducing its investments in Kenya due to macroeconomic challenges. “Wepropose to reduce allocation on stocks listed on Nairobi Securities Exchange and selectively reallocate [...]
Nyati DT Sacco Balance Sheet Grows 7.99% to KSh 4.94 Billion
Nyati Deposit-Taking Sacco, the highest dividend payer in the Sacco sub-sector, saw its assets grow 7.99% to KSh 4.94 billion at the end of the 2023 financial year from KSh [...]Radio Consumption High in South Nyanza, Internet Big in Nairobi and N. Eastern
The rate of radio consumption is higher in South Nyanza followed by Lake and the Rift regions, while North Eastern records the lowest listenership, the Communication Authority of Kenya says [...]Harambee Sacco Targets KSh 4Bn in Share Sale
Harambee Deposit-Taking Sacco aims to raise KSh 4.0 billion over the next 2 years through a share capital drive in a bid to wean itself from external financing. This strategic [...]SACCOs' Huge Returns Despite Harsh Economic Conditions
Savings and Credit Co-operative Societies (SACCOs) engaged in the deposit-taking have continued to pay huge dividends and rebates to members as shown by the number of societies that have already [...]
