Absa New Gold ETF Hits New High at NSE
Absa Gold ETF, has hit a new high at Kshs 1,980 on July 27, 2020. The Gold ETF was first listed at the Nairobi Securities Exchange in March 2017 where [...]
Citi Analysts Raise Safaricom Share Price Target
Safaricom plans to launch a device financing scheme to provide customers with 4G devices. This scheme is expected to drive up data consumption among its customers and consequently increase the [...]
Kenya Records Over 58% Decrease in Advertised Jobs BrighterMonday
Jobs platform BrighterMonday reveals that Kenya has recorded a 58 percent drop in jobs advertised due to COVID19. Hospitality and travel, and building and architecture industries were most hit with [...]State Unveils KSh10 Billion in Cheap Loans for Hotels
The Government of Kenya has unveiled a KSh10 billion credit scheme that will enable hotels to access cheap loans to allow them to remain afloat, even as tourism is slowly [...]
International Airlines to Resume Flights to Kenya
International airlines are gearing to resume flights in and out of Kenya, following President Uhuru Kenyatta's directive for international flights to resume from 1st August 2020. Emirates has scheduled a [...]Aga Khan Bids to Acquire Seacom in KSh65 Billion Deal
The Aga Khan Fund for Economic Development (AKFED) has made a bid, seeking to fully acquire fibre optic undersea cable firm, Seacom. According to an inquiry notice from the Comesa [...]Kenya's Stock Market Among World's Worst Performers in Dollar Terms
With COVID-19 virus disrupting global equity markets, activity at the Nairobi Securities Exchange (NSE) was down 26.8% at the end of the first six months, 2020. The bourse posted this [...]
Safaricom to stir local market activity as it closes books, holds virtual AGM
Activity at the NSE will pick up this week as investors position to earn dividends from Safaricom, considered the biggest mover at the bourse. Shareholders of Safaricom, which holds its [...]Kenya's Public Debt Policy Paper awaits Cabinet Approval
A policy document that will ensure Kenya's public debt remains manageable is ready and now awaits Cabinet's approval. This Public Debt and Borrowing Policy seeks to ensure the State can [...]Diaspora Remittances Increase by 12% in June
CBK weekly bulletin for the week ending July 24 shows that the Kenya shilling weakened, diaspora remittances rebound in June, and the forex reserves declined. Remittances Rebound Remittance inflows recorded [...]African Governments are Stepping Up to Curb COVID Fallout
The Coronavirus (COVID-19) pandemic seemed to spare the African continent in February and early March, when the rate of infections and then fatalities escalated globally. Based on the SARS or [...]
East African Cables Posts KSh630.9 Million in Net Earnings
East African Cables Limited published its financial results, realizing KSh630.9 million in net earnings for the period ended 31st December 2019. This is compared to a net loss of KSh568.4 [...]
