CMA Invites IT Specialists to Develop its ICT Framework
The Capital Markets Authority (CMA), the government agency in charge of Kenya's financial markets, is seeking ICT specialists to develop its Information and Communication Technologies (ICT) framework. As Kenya develops [...]
Market Report; 11 March 2021
At the end of today's trading session on the Nairobi Securities Exchange A total of 16,376,700 shares in 773 deals, corresponding to a market value of KES 690,276,715.00, were traded. [...]
House Prices Recover, After Seven Quarters of Contraction
House prices in Kenya improved by 0.22% in the 4th quarter of 2020, after seven quarters of contraction according to a report by the Kenya Bankers Association. The jump in [...]Kenya Power Records Kes 0.94 Billion Loss for FY2020
The Kenya Power and Lighting Company ( KPLC) has recorded a loss after tax of Kes.0.94 billion compared to a profit of Kes 0.26 billion in 2019. This was despite [...]Nigerian Stock Exchange Receives Approval of Demutualization Plan
TheNigerian Stock Exchange(NSE) has received final approvals of its demutualization plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has [...]
Is Gold Now Replaying 2010-2012?
The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market. Many ancient cultures saw history as [...]
Profit Warnings 2021
Last Updated; 9th March 2021 Company Sector 1 Absa Bank Plc Banking 2 Kenya Power Energy 3 Britam Holdings Insurance 4 NCBA Banking 5 UNGA Group Commercial and Services 6 [...]
Homeboyz Entertainment Issues Profit Warning as Covid19 Restrictions Affect its Business
Homeboyz Entertainment Plc, an entertainment company in East Africa, says that its net profit for the year ending December 31st 2020 is expected to be considerably lower than the net [...]Nation Media Group Stock Begins To Decline After Buyback Rally
Shares of Nation Media Group fell on Monday and on Tuesday's session after rallying by more than 57% last week driven by recent news that it will consider abuyback ofup [...]Oil Prices Rise on Expected Economic Recovery
Oil prices recorded a rise on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved a $1.9 trillion stimulus bill and a likely drawdown [...]Kenya's Foreign Currency Reserves Drop to 3-Year Low
Kenya's foreign exchange reserves last week fell to one of the lowest levels in years, according to data from the Central Bank. The reserves decreased by $246 million in one [...]South Africa's Liberty Holdings to Acquire an Additional 16% Ownership in Liberty Kenya
South African based Liberty Holdings, and the largest shareholder in Liberty Kenya, plans to increase its ownership in Liberty Kenya from 57% to 73% by acquiring 49.5 million ordinary shares [...]
