IMF urges CBK to use interbank rate to manage volatility
The IMF recently released a report titled Monetary Policy Implementation and Volatility Transmission along the Yield Curve: The Case of Kenya. In this report, the IMF looks at the evolution [...]
NSE 20 nears a 4-year Low, Turnover Down by 70% But KES very steady
The Nairobi Securities Exchange Market turnover dropped by 70.90% to Kes 372Million from yesterday's Kes.1.2 billion due to drop in volumes transacted caused by dip in trade on Equity Bank. Safaricom, [...]Nairobi Business Ventures shares Go Live, up By 60% on first Day..
Shoe vendor Nairobi Business Ventures trading as K Shoe today commenced trading on the Nairobi Securities Exchange's Growth Enterprise Market Segment (Gems). The company listed by introduction by offering 23.6 million shares [...]Central Bank Kenya has enough reserves to weather any Brexit Fallout- Governor
Kenya's central bank has enough foreign exchange reserves and funds available from an IMF standby facility to weather any fallout from a British referendum on whether to leave the European [...]Imperial Bank Depositors to access an extra Ksh 1.5 Mn via NIC Bank
NSE Listed lender NIC Bank has bee endorsed by the Central Bank of Kenya (CBK) and the Kenya Deposit Insurance Corporation (KDIC) in a joint agreement that will provide depositors of Imperial Bank Limited [...]Kenya Re acquires additional 4.4% stake in Zep-Re For Ksh 1.3 Billion
Business Daily Kenya Re has acquired an additional 4.44 per cent stake in Zep-Re for Sh1.3 billion raising the Nairobi Securities Exchange-listed firm’s interest in Zep-Re to 19.88 per cent from [...]IM Bank Q1 Net Profit Up By 15.8%
Nairobi Securities Exchange Listed Lender,IM Holdings has posted a 15.8% growth in net profit for the first three months of 2016 driven by expansion of its loan book which was up by 11.6% to KSh130.8 billion. [...]INTL FCStone to introduce futures contracts for Kenyan Tea
A futures exchange is expected to be launched in Kenya in order to help farmers hedge against volatility of prices of such commodities. Representatives from the Kenyan tea industry, Nairobi Securities Exchange, [...]Markets; Major Events Of The Week
Monday 20th Friday 24th June 2016 Monday 20th Kenya Re-Insurance Corporation Book Closure of a first and final dividend of KES 0.75/share CIC Insurance expected to make a dividend payment [...]This Week on the Frontier Markets -June 18th 2016
Two developments that frontier investors have been eagerly anticipating came at once this week. On Tuesday, index provider MSCI announced it will reclassify Pakistan from frontier- to emerging-market status. And on Wednesday, Nigeria’s central [...]World’s First Tea Futures Contracts May Be Started in Kenya
By: Adelaide Changole Kenya, the world’s biggest exporter of black tea, is considering introducing the world’s first futures contracts for the leaves to help stabilize prices and enable growers to [...]Tanzanian's stock exchange IPO oversubscribed nearly 5 times
The sale of shares in Dar es Salaam Stock Exchange (DSE) to the public was oversubscribed by nearly five times, the bourse said on Thursday. The DSE received bids worth [...]
