Reprieve as Tea Auction Records an Increase in Prices
The weekly Mombasa Tea Auction held on 15th, 16th, and 17th November 2021 had 12.3 million kilograms of tea offered for sale. The amount on offer increased from 12.1 million kilograms during [...]
NSE Weekly Equity Turnover Declines 28% to KSh 2.5 Billion
Nairobi Securities Exchange(NSE) recorded a decline in weekly turnover to KSh 2.5 Billion from KSh 3.4 Billion the prior week, a decline of 28%. The volume of shares traded also [...]
CBK Collects KSh 23.3 Billion at Weekly T-Bills Auction, 108.6% Oversubscription
The Central Bank of Kenya(CBK) received bids worth KSh 26.1 Billion at the Weekly Treasury Bills Auction, representing an oversubscription of 108.64% with the Government fiscal agent accepting KSh 23.3 [...]Kenya's Weakening Shilling Weighs on its External Debt Repayment Burden
Kenya’s debt service costs, which are expected to surge by 22% this fiscal year, are set to rise even further as the Shilling sank to all-time lows of Ksh 112.100 [...]Video; Breaking down the MTN Uganda IPO with CEO Wim Vanhelleputte
23 Years and 15 million subscribers later, MTN Uganda is offering an Initial Public Offering on the Uganda Securities Exchange. Join Eric Jackson and Wim Vanhelleputte as they break down [...]
Vodacom Group to acquire controlling stake in Vodafone Egypt for US$2.738 Billion
Vodacom Group on Wednesday announced that has agreed terms with Vodafone to acquire its controlling stake in Vodafone Egypt, one of Africa’s premier telecom operators. Subject to regulatory and shareholder [...]Exclusive Podcast; Safaricom in talks with Local Banks to Fund Ethiopia Unit
Safaricom this morning released half year financial results posting an impressive top-line and bottom line mainly driven by M-pesa service revenues. We had a brief one on one chat with [...]
Safaricom Half-Year Net Profit Up 12.1% to Ksh 37 Billion as Borrowings Hit Ksh 77 Billion
Safaricom Plc on Wednesday released its unaudited results for the six months ended 30 September 2021 with net profit for the period rising by 12.1% to Ksh 37.056 Billion compared [...]CMA issues Full License to Three Coffee Brokers
The Capital Markets Authority (CMA) has issued two full licenses to Kipkelion Brokerage Company Limited and Murang’a County Coffee Dealers Company. This brings the number of coffee brokers that have [...]Kenya Shilling hits losing Streak on Strong US$ Demand
The Kenya Shilling has been a steady losing streak the entire week in what analysts and forex traders attribute to strong dollar demand especially from oil importers and weak inflows. [...]NSE Daily Equity Turnover Declines 13.7% to KSh 417.7 Million
Nairobi Securities Exchange(NSE) recorded an equity turnover of KSh 417.7 Million this Wednesday compared to KSh 483.9 Million the previous day, a drop of 13.7%. The volume of shares also [...]Kenya's Stock Market Maintains Moderate Volatility in Q3 Despite Foreign Exits CMA Report
The Nairobi Securities Exchange (NSE) experienced relatively low volatility in Q3 compared to the previous quarter, attributable to sustained investor interest in select large-cap stocks notably in the telecommunication, banking, [...]
