Kenya Stock Market Investors hedge on Gold ETF as panic hits Equities
Foreigner investors continue to be net sellers at the Nairobi Securities Exchange (NSE) as the coronavirus pandemic spreads panic in global equity markets. At the close of trading on Thursday, [...]
NSE Turnover Declines by 69% to KSh 211.9 Million
Equity turnover at the Nairobi Securities Exchange(NSE) declined to KSh 212 Million when trading closed today. This is a 69% decline from KSh 676 Million posted on Wednesday. The NSE [...]Kenya's Hotel Sector Battered by Coronavirus
Kenya's hotel sector has been battered by coronavirus Central bank of Kenya (CBK) July survey reveals. The hospitality industry recorded a remarkable decrease in the average hotel occupancy and forward [...]
Kenya Power's Debt Relief Plan
Kenya Power has secured debt relief from 14 lending institutions, looking to cut interest costs as it struggles with dwindling revenues. The power distributor now has access to a one-year [...]
Kenya Nut Company Gets Multi-Million Dollar Debt Financing From French Firm
Proparco, a subsidiary of the French Development Agency, has disbursed a multi-million dollar debt financing to Kenya Nuts Company. The deal is the first disbursement in a two-phased financing plan [...]
Safaricom Extends Offer to Health Workers
Mobile firm Safaricom says it will continue providing free data, airtime and short text messages to frontline health workers fighting the COVID-19 pandemic. This offer was initially to run between [...]Telkom Opts Out of Proposed Merger with Airtel
Telkom Kenya has opted out of its proposed merger with Airtel, a decision that has been mutually agreed with Airtel Networks Kenya Limited. Considering the challenges experienced in getting all [...]Shoprite to Close Mombasa Outlet, Declares 115 Employees Redundant
Shoprite plans to close its outlet in Nyali Mombasa due to reduced flow of shoppers, a move that will cost 115 jobs. A notice to the Kenya Union of Commercial [...]Kenya's Business Activity Improves in July- PMI Index
Kenyan firms improved their sales, received more orders, and increased their output to meet rising demand in July, pushing the PMI Index to 54.2 points. According to the index, opening [...]South Africa's Manufacturing Sector Slows Down
South Africa's Absa Manufacturing Purchasing Managers' Index( PMI) fell to 51.2 in July from a near seven-year high of 53.9 in June. Business activity and new orders rose at a [...]CBK Collects KSh 41 Billion in Re-opened Treasury Bond Auction
The Central Bank of Kenya(CBK) received bids worth KSh 41 Billion in a tap sale of fixed coupon Treasury Bonds. Total bids received have face value of KSh 40.3 Billion [...]Pesalink Appoints Jack Ngare, 3 Others to their Board
Integrated Payments Service Limited (IPSL), the company behind Pesalink has appointed four new non-executive directors to join its board. The new directors who joined the board on 1 July 2020 [...]
