MARKET REPORT; Safaricom hits an All Time High, KCB on a 3-year Low
Market Report for Wednesday June 8 2016 SUMMARY The NSE 20 Share Index was up 0.52 points to stand at 3798.26. All Share Index (NASI) ended 0.80 points higher to [...]
Centum's FY Profit Up 23% to 10.9B , Declares Dividends of Ksh 1Billion
Kenya based Centum Investment has reported a 23% increase in FY 2016 Pre-Tax Profits to Ksh 10.9 Billion compared to the previous period's Ksh 8.8 Billion. The Board of Directors recommended [...]Tanzania's Bank M acquires Kenya's Oriental Bank, eyes NSE Listing
Tanzania's Bank M is set to become the first TZ based lender to enter the Kenyan market this month after its shareholders agreed to buy 51% stake in Kenya's Oriental [...]KK Security Considers Listing at NSE
KK Security, a Kenyan company that provides security services in seven countries, is considering listing or selling a stake in the company to help it expand. The company, which is based [...]Gov't to sell T-bonds worth Ksh 30 billion for budgetary support
Kenya government through the Central Bank will sell two-year and 15-year Treasury bonds worth up to Ksh 30 billion this month to support the budget. Central Bank said it will receive bids for [...]Jamii Bora CEO Sam Kimani appointed NSE Chairman
Jamii Bora Bank Chief Executive Samuel Kimani has been appointed as the new Chairman of the Nairobi Securities Exchange (NSE) effective June 6, 2016. He takes over from former KenGen MD [...]Proposed Platform to enable Kenyan Saccos to list on the NSE
By JAMES ANYANZWA The EastAfrican; Kenya’s savings and credit co-operative societies (Saccos) are closer to trading their shares on the Nairobi Securities Exchange, even as their bid to convert into [...]Yields on all T-Bills fall further as CBK Rejects Ksh 5.71 Billion
91-Day T-Bills The weighted average yield on Kenya's 91-day Treasury bills fell to 7.477 percent at auction on Thursday from 7.711 percent last week, the central bank said. 182-Day [...]May 2016 Market Report
Dear Market Participant, We trust you are doing great. It is that time of the month when we do an examination of what has transpired in the markets as you [...]KBA sets up IT Firm to offer payment solutions to Banks
The umbrella of commercial banks’ industry body, Kenya Bankers Association (KBA) has established a payments technology delivery service firm to provide technology-based payment solutions to the association’s member banks, at subsidized [...]May inflation drops to a 3-year low as food prices hit an all time high
Kenya's May inflation dropped to a 3 year low of 5% compared to April's 5.27% despite increases in the price of food and petroleum as electricity bills remained unchanged. The Consumer Price [...]Trades on 9 -Year infrastructure push volumes up by 299% at NSE
The volume of bonds traded last week rose sharply by 299 per cent, with deals transacted going up to 177 from 71 the previous week, according to Central Bank of [...]
