MTN Offers Bonus Shares to Kenyan Investors as it Sweetens $ 250 Million Uganda IPO
MTN International, a Johannesburg-based carrier, is offering bonus shares to Kenyan Investors keen to buy into the sale of 20% stake of MTN Uganda, in an Initial Public Offer (IPO) [...]
Weekly Coffee Auction Records an Increase in Prices
The weekly coffee auction has recorded a 10% price increase during this week’s sale, occasioned by high international prices and quality supplies. A market report by the Nairobi Coffee Exchange [...]
NSE Daily Equity Turnover Declines 13.7% to KSh 417.7 Million
Nairobi Securities Exchange(NSE) recorded an equity turnover of KSh 417.7 Million this Wednesday compared to KSh 483.9 Million the previous day, a drop of 13.7%. The volume of shares also [...]Kenya's Stock Market Maintains Moderate Volatility in Q3 Despite Foreign Exits CMA Report
The Nairobi Securities Exchange (NSE) experienced relatively low volatility in Q3 compared to the previous quarter, attributable to sustained investor interest in select large-cap stocks notably in the telecommunication, banking, [...]Carbacid Shareholder Baloo Patel Ups stake to 127.2 Million Shares
Carbacid Investments Plc has seen a change in its ownership structure with majority shareholder Billionaire Baloobhai Chhotabhai Patel jointly with his wife Amarjeet Baloobhai Patel, increasing their stake to 127,172,592 [...]Kenya's Workpay Expands to Nigeria
WorkPay, a Kenyan startup that provides a cloud-based workforce management system with human resource (HR) and payroll management for small businesses in Africa, has expanded to Nigeria which will act [...]NSE Daily Equity Turnover Rises 87.6% to KSh 483.7 Million
Nairobi Securities Exchange(NSE) has recorded an increase in daily turnover to KSh 483.7 Million compared to KSh 257.9 Million when trading closed at the bourse this Monday, 1st November 2021, [...]DFC Delays Disbursement of KSh54Billion Loan to Safaricom- led Consortium
A US government agency has delayed the disbursement of a US$500Million (KSh53.97 billion) loan to finance the entry of a Safaricom-led consortium into the Ethiopian telecoms market, citing uncertainty over [...]Telkom Kenya Partners with Ericsson and NEC XON to Launch 2000 4G Sites Nationwide
Telkom Kenya today announced a partnership with Ericsson and NEC XON to deepen mobile broadband connectivity in Kenya, as part of Telkom Kenya's strategy to accelerate digital transformation in Kenya [...]KPLC Net Earnings rise 16.1% to KSh 1.5 Billion
Kenya Power and Lighting Company (KPLC) emerged from a loss-making territory or Net Loss of KSh 939 Million in 2020 to Net Profit of KSh 1.490 Billion for the financial [...]OikoCredit Opportunity International Partner for $100 Million Education Fund
OikoCredit and Opportunity International have partnered for a $100 million education fund over the next three years, aimed at increasing access to education for children from low-income families. The program [...]Twiga Foods Raises KSh 5.5 Billion to Fund Expansion Drive in Africa
Twiga Foods, a Kenyan agri-tech firm, has announced a US$50 Million (KSh 5.5 Billion) Series C round to scale its efforts in Kenya and other neighbouring countries. It targets to [...]
