Kenya Clinches Non-Permanent Seat at UN Security Council
Kenya clinched non-permanent seat at the UN Security Council (UNSC) after garnering 129 votes which is above the required threshold of two-thirds of the cast votes. Its main rival Djibouti [...]
StanChart Cuts Final Dividend to KSh 7.50
The board of directors of Standard Chartered Bank Kenya has proposed a final dividend of KSh 7.5 for the FY 2019. This is a revision down from an earlier proposed [...]
CMA Warns About Dominant Firms at The NSE
The Capital Markets Authority(CMA) has sent out an alarm over what it terms as the dominance of five listed firms at the Nairobi Securities Exchange(NSE). In its Q1, 2020 Soundness [...]
Turnover Rises by 23% to KSh 511.8 Million
At the end of Thursday's trading session at the Nairobi Securities Exchange (NSE), 15,687,400 shares were traded in 1,126 deals, corresponding to a market value of KSh 511,759,007.00. This is [...]Daily Global Markets Report
US Unemployment claims The US jobless claims hit 1.5 million bringing the total for the 13 weeks to 46 million the Labor Department said on Thursday. In addition, for the [...]Jamii Bora Shareholders to Vote on The Takeover by Co-op Bank
Jamii Bora Bank has notified its shareholders that it will hold a virtual annual general meeting on 1 July 2020. At the top of the list, shareholders will vote on [...]Investors Oversubscribe to The Reopened Treasury Bonds
Huge investor appetite for the reopened treasury bond has seen Central Bank collect KSh49 billion from the domestic debt market. CBK's re-opened bids for a 5-year and a 10-year Treasury [...]CIC Insurance Postpones AGM
CIC Insurance Group says that it has postponed the annual general meeting (AGM) scheduled for 30 June at 10.00 am with a new date to be announced in due course. [...]Chipper Cash Secures $13.8 Million Funding
African cross-border Fintech startup Chipper Cash has closed a $13.8 Million (KSh 1.5 Billion) funding led by Deciens Capital. The company plans to hire 30 new staff globally. The raise [...]Safaricom Launches Mpesa for Business App
Safaricom has launched the Mpesa for Business app, allowing businesses to withdraw money from their mobile phones and bank accounts at agents locations. The app only comes a few weeks [...]Kenya to Deregister Over 2000 Trademarks Unless Renewed
Kenya’s Industrial Property Institute (KIPI) has issued a special notice to remove over 2000 trademarks from the register of Trade Marks. KIPI said that the trademarks have expired and need [...]African Alliance to Shut its Brokerage Business in Kenya
South African-based African Alliance group has announced that it will cease operating its stockbroking unit in Kenya at the end of June 2020. The company which traditionally focused on stock [...]
