House Prices Growth Stabilizes in Q3
The Kenya Bankers Association says that housing prices growth stabilized in the third quarter amid weakened demand and supply. The report Kenya Bankers Association House Index (KBA-HPI) tracked housing prices [...]
Nigeria’s Fund Manager CFS Asset Management Granted License to Operate in Kenya
The Capital Markets Authority (CMA) has issued a license to Lagos-based CFS Asset Management Limited, to operate as a fund manager in Kenya, pushing up competition in Kenya's crowded and [...]
Lessors Allow KQ to Convert Dreamliners into Cargo Planes
Two lessors have allowed Kenya Airways (KQ) to convert two of its Dreamliner planes into cargo planes, a move that seeks to increase the airline's cargo planes even as passenger [...]
Safaricom Half Year Net Earnings drop 6% to KSh 33.1 Billion on pandemic woes
Safaricom Plc Net earnings for the six months period ended 31st September 2020 slumped 6% to KSh 33.069 Billion compared to a net profit of KSh 35.195 Billion over a [...]High Court Revokes Mandatory Transportation of Cargo by SGR
The High Court has revoked the directive by the Kenya Ports Authority (KPA) and Kenya Revenue Authority (KRA) that all cargo from the Mombasa port to Nairobi be transported via [...]Tea Prices Fall at Mombasa Weekly Auction
Theweekly MombasaTea Auction held on the 2nd and 3rd November 2020 had 10 million kilograms of tea offered for sale. The amount on offer increased from 9.2 million kilograms offered [...]Markets eye Safaricom H1, 2020/21 financial results
All eyes will be on the Safaricom share price as the market gears up to release the telco’s 2020/21 half-year financial results this Monday, 9th November, 2020. Capitalized at more [...]Weekly Deals Digest: Oct 28 Nov 3
In this week's deals digest, Kenya's Kasha led African deals, raising $5.3 million from the Swedish fund. Brazil led emerging markets following a $150 million investment in Conductor. However, India [...]KenGen Seeks Consultants for LPG Power Plants
The Kenya Electricity Generating Company (KenGen)Plc, state-owned electricity generators, has tendered for consultants to conduct a feasibility study on the possibilities of generating electricity using liquified natural gas (LPG). The [...]CMA Seeks to Resuscitate Corporate Bonds Market
The Capital Markets Authority(CMA) has admitted that the corporate bonds market remains depressed. The regulator is thus working at resolving some of the issues that have made this market segment [...]NSE turnover drops to KSh 373.9 Million
Turnover at the Nairobi Securities Exchange (NSE) declined to KSh 373.87 on a volume of 15.3 Million and 660 deals. The NSE 20 Share Index declined 0.67 points to 1769.54 [...]JSE and Globacap Partner on Digital Private Placements Platform
The Johannesburg Stock Exchange Ltd (JSE) has entered a transaction with Globacap Technology Limited, a UK fintech company, to progress a digital private placements platform and registry services. JSE will [...]
