Kenya Forex Reserves Drop to 7 Week-Low of $9.3 Billion
Kenya's foreign currency holdings declined to a 7 week-low in the last week according to data from the Central Bank of Kenya. The reserves fell to $9.296 billion on 12 [...]
EPRA Maintains Fuel Pump Prices in Latest Review
The Energy and Petroleum regulator(EPRA) has held the pump prices of kerosene, petrol and diesel constant in its latest review, the second time in a row since its last price [...]
NSE Weekly Equity Turnover up 71.4% to KSh 2.4 Billion
Nairobi Securities Exchange( NSE) Weekly Turnover rose to KSh2.4Billion on 110Million shares against 1.4Billion on 45Million shares posted the previous week. The Banking Sector had shares worth KSh 813 Million [...]Uncap Fintech Launches Funding for Early-Stage Founders
Uncap, a fintech that uses a digital solution to make funding accessible to every good entrepreneur across Sub-Saharan Africa has launched an innovative financing and growth platform to give early-stage [...]Kenya Shilling Weakens further Against US$
The Kenya Shilling was exchanging at a Mean Rate of 109.1971 when the forex markets opened for trading today, with the Central Bank of Kenya quoting the local unit at [...]CMA Warns Investors Against Investing in Fxbitinvest
The Capital Markets Authority (CMA) on Thursday cautioned investors against investing with Fxbitinvest, an online bitcoin trading company. According to CMA, the company is closely linked to three people identified [...]BAT Kenya Eyes New Export Markets
British American Tobacco (BAT) Kenya is eying new export markets, seeking to compensate for a dip in Kenyan sales. The firm targets South Sudan, Madagascar, and Djibouti with cut rag [...]
CBK Accepts KSh 7 Billion at Auction, a 29.3% Undersubscription
The Central Bank of Kenya (CBK) received bids worth KSh 7.035 Billion at the Weekly Treasury Bills Auction this Thursday, out of the KSh 24 Billion that was on offer. [...]US Markets; Dow, SP at record highs amid Strong Earnings Season
The US stock market continued to rise on Thursday's trading session with Dow Jones and SP 500 hitting new all-time-high benchmarks. A number of companies including Airbnb, Baidu, Disney continued [...]IM Bank Receives $50 Million IFC Loan to Support SMEs in Kenya
The International Finance Corporation (IFC) has partnered with FMO, a Dutch development bank, to assist small businesses in Kenya by providing funds for working capital, expansion, and to weather the [...]Stanbic Holdings Half-Year Net Earnings up 35% to KSh 3.5 Billion
Stanbic Holdings Plc has recorded a 35 per cent increase in half-year profits to KSh 3.5 Billion for the period ended 30th June 2021. This is compared to KSh 2.6 [...]NSE Daily Equity Turnover drops 51.6% to KSh 253.5 Million
The Nairobi Securities Exchange(NSE) recorded a decline in Equity Turnover to KSh 253.5 Million when trading ended this Thursday compared to KSh 523.4 Million on Wednesday, a drop of more [...]
