NCBA Investment Bank Launches Offshore Investment Solutions
NCBA Investment Bank has launched a new suite of Offshore Investment Solutions
EABL Lists KSh 16.7 Bn Bond on the Nairobi Securities Exchange
East African Breweries Plc (EABL) has officially listed the first tranche of its Medium-Term Note (MTN) Programme on the Nairobi Securities Exchange (NSE), raising KES 16.76 billion.Is Bitcoin Calming Down as it Matures?
Crypto platforms like Luno have made it easier for investors to participate in this evolving market safely, providing access, education, and tools to navigate Bitcoin’s complexities responsibly.
MARKETS: Uchumi's Rally Continues, Market Stays Weak and Turnover Slows
Uchumi trades at a new high of KSh 0.86, pushing YTD gains past 405% after the CMA confirmed a deeper review of its governance. Turnover hits KSh 147.5M led by DTB and KCB. Foreign buys stand at KSh 7M and sells at KSh 14M. NASI is down 1.83%. Safaricom opens subscriptions for its KSh 40B MTN, while EABL lists its first tranche.
CMA Opens New Uchumi Governance Review as Stock Price Soars 365% on Speculation
The Capital Markets Authority has opened a new governance review into Uchumi Supermarkets after a complaint by investor and lawyer Francis Njoroge Wanjiku, citing audit delays, weak governance and stalled Company Voluntary Arrangement progress. The move comes as Uchumi’s share price surges 365 percent this year to its highest level since 2019, a rally driven by speculative trading despite unresolved financial and legal pressures.Safaricom Opens KSh 15Bn Green Note Offer in KSh 40Bn MTN at 10.40%
Safaricom has opened the first tranche of its KSh 40Bn MTN programme, offering KSh 15Bn in five-year green notes at a fixed 10.40 percent, with a KSh 5Bn greenshoe. The notes are senior and unsecured and will fund eligible green projects. The offer runs from 25 November to 5 December, with allotment on 8 December and listing on 16 December on the NSE.Market Opens Week Lower, Uchumi Hits New 2019 High, Safaricom Leads Flows
Uchumi rises 6.76% to KSh 0.79, its highest level since 2019, pushing YTD gains past 360%. Turnover hits KSh 396M, with Safaricom contributing KSh 351M. Foreign buys reach KSh 65M and sells KSh 164M, mostly in Safaricom. Top gainers include Umeme and Longhorn, while Olympia and ScanGroup lead the losers. NASI is down 0.92% at midday.Kenya, Uganda Leaders Push for Integrated Heavy Industry
Museveni said the investment would enhance the region’s competitiveness and reduce the cost of steel for infrastructure projects, while Ruto reaffirmed Kenya’s readiness to collaborateParamount Bank's Core Capital Rises Above CBK Rule Amid Zenith Acquisition Rumours
Paramount Bank reported flat Q3 profit after higher credit impairment charges offset strong growth in non-funded income. Operating income rose but core business weakened, with net interest income down 5%. The bank strengthened its capital position, lifting core capital to 3.12 billion and surpassing the CBK’s 3 billion requirement ahead of the December 2025 deadline. The update came as Zenith Bank denied reports linking it to a potential takeover of the Kenyan lender.The G20 Can Help Unlock Africa's Sports Economy
Looking at sport through an economic lens - as infrastructure capable of scaling markets and strengthening local value chains Looking at sport through an economic lens - as infrastructure capable of scaling markets and strengthening local value chains
Cytonn’s Appeals Dismissed as Courts Confirm Over KSh 11 Billion Investor Exposure
Cytonn has lost all 18 appeals, confirming the liquidation of CHYS and CPN and tracing over KSh 11 billion from more than 3,000 investors into its SPVs. Courts upheld preservation and vesting orders over key projects including RiverRun, Kilimani, Alma, CySuites, Taraji, Ridge and Superior Homes. The Official Receiver now has full control to recover investor funds.Friday NSE Market Update: Uchumi Up 100% in 4 Weeks, Foreign Sells Dominate
Uchumi hits KSh 0.74, its highest since 2019, gaining 54% this week and 335% YTD. Turnover stands at KSh 864M led by Safaricom and BAT. Foreign buys hit KSh 68M and sells KSh 431M. Top gainers include ScanGroup and TotalEnergies, while Crown Paints leads the losers. NASI is down 0.45% at midday.
