Global Markets News Brief
US stock market The United States stock markets closed higher on Thursday's session following news that the country's senate had agreed to restart negotiations on the fourth instalment of the [...]
Turnover at the NSE rises 107% to KSh 435.40 Million
Activity at the Nairobi Securities Exchange(NSE) resulted in a turnover of KSh 435.4 Million, a rise of 107% from the KSh 209.9 Million at the close of trading yesterday. The [...]
Nairobi Business Ventures Appoints 5 New Directors
Listed shoe vendor Nairobi Business Ventures(NBV) has appointed 5 new directors to its boardroom. This is as Delta International FZE, UAE-the new investor in the firm, nears the end of [...]KCB Shares Trading at 40% Discount- Citi Research
Citi research analysts have issued a buy recommendation on KCB Group. The analysts say that KCB shares are trading at a 40% discount and the target price is KSh48. The [...]
Kenya's Senate accuses EABL of unfair trade practices
The East African Breweries Limited(EABL) is under the microscope by the Senate Committee on Tourism, Trade, and Industrialization, which is accusing the brewer of engaging in unfair trade practices and [...]Wycliffe Shamiah Confirmed as CMA Chief Executive
Wycliffe Shamiah has been confirmed as the Chief Executive Officer of the Capital Markets Authority (CMA). Shamiah has been in an acting capacity since the beginning of the year following [...]
Coop Bank's Q3 Net Profit Drops 10% to KSh9.8 Billion
Cooperative Bank's net profit in the third quarter of 2020 dropped by 10% to KSh9.8 billion from KSh10.9 billion a year earlier, mainly driven by a sharp rise in loan [...]Kenya to Defer $690 Million under G20 Debt Relief Initiative
Kenya is seeking to defer$690 million in debt paymentsunder the G20 debt relief initiative, taking a U-turn on its earlier stand against the initiative, earlier this year. In April this [...]Safaricom, NCBA to Enhance Mshwari System
Safaricom and NCBA will conduct a system enhancement on the MShwari platform from Friday 20th November 11:59 pm to Sunday 22dn November 2:30 pm. The two companies have issued a [...]Fruits, Veg Flower Exports Hit KSh126 Billion between Jan October
Kenya's earnings from horticulture exports between January and October 2020rose 8.6% to KSh126 billion, ccasioned by high demand from Europe. Fruits export earnings rose to KSh17 billion from KSh11 billion, [...]NSE turnover drops 43% to KSh 209.9 Million
Turnover at the Nairobi Securities Exchange(NSE) was KSh 209.9 Million on a volume of 6.63 Million shares and 725 deals. This is a drop of 43% from a turnover at [...]East Africa on the move to a single stock exchange by Q1, 2021
East Africa's plan to integrate the stock exchanges of Kenya, Uganda, Tanzania, Rwanda, and Burundi, is expected to happen in the first quarter of 2021. This disclosure was made by [...]
