Podcast; WTI Crude Futures Crash Could Reoccur in June Contracts
This week in our global markets podcast, we turn our focus on last Monday's WTI crude futures crash. As always, we join our esteemed analysts Gaurav Kashyap in Dubai and [...]
Foreign investors take out KSh 11.7 billion from NSE in Q1 2020
Nairobi Securities Exchange activity declined in the first quarter of this year with prices of shares traded falling across all counters. According to a statistical quaterly report by the Capital [...]
US Markets Open Higher, Oil Extends Losses
United States stocks opened on a positive note on Monday's trading session following news that New York City plans to lift lockdown from early May. According to Bloomberg News, the [...]
Kenya's Tax Relief Plan
A national response unit designed to cushion most vulnerable individuals and businesses from COVID19 is now live. This follows the signing by President Uhuru Kenyatta of the Tax Laws (Amendment) [...]Tea Prices Increase at Weekly Auction
The weekly Mombasa Tea Auction held on the 21st and 22nd April, 2020 recorded 12.1 million kilograms of tea offered for sale, compared to 10.4 million kilograms for the same [...]Sameer Africa Quits 50-Year Old Tyre Business
Stiff competition from other imports and lack of adequate stockpiles has forced Sameer Africa Limited Plc to close down its more than 50 years tyre business, effectively rendering 73 employees [...]KRA Pursues Tax Dues From Digital Traders
The Kenya Revenue Authority has come out guns blazing demanding taxes from online traders. In a public statement, KRA said that some digital businesses do not charge Value Added Tax [...]AM Best issues negative rating to Kenya Re
Poor technical performance of Kenya Reinsurance Corporation (Kenya Re) in recent years, demonstrated by non-life underwriting results that have been weaker for two years running, as earned it a negative [...]Kenya's March Diaspora remittances defy COVID-19
Kenya continued to record more remittances from its citizens working or living in the United States of America, United Kingdom and the rest of Europe. This is despite effects of [...]Jambojet names CFO Karanja Ndegwa as acting Managing Director
Kenyan based low-cost carrier Jambojet has appointed the current Chief Financial Officer Mr Karanja Ndegwa as its acting Managing Director, effective May 1, 2020. He takes over from Allan Kilavuka, who was confirmed [...]The Goose that Laid the Golden Eggs
Dear Investor, we are pleased to share with you the below business analysis perspective for Safaricom. SIX WAYS IN WHICH TO LOOK AT SAFARICOM 1. Toll bridge Investment Strategy There [...]
Egypt's Commercial International Bank Gets Approval to acquire 51% stake in Mayfair Bank
The Central Bank of Kenya has announced the acquisition of Mayfair Bank Limited by Commercial International Bank (CIB), a leading lender in Egypt. This follows the CBK's approval of the [...]
