Kenya Shilling claws back against the greenback
The Kenya Shilling was quoted at 109.6559 against the US Dollar by the Central Bank of Kenya (CBK) when the forex markets opened today. This is compared to Thursday, February [...]
NSE Switches to New Safaricom Powered Broker Connectivity Solution
The NSE has successfully migrated to a Safaricom powered broker solution, a move that is expected to boost trading volumes and level of activity at the bourse. This Software-Defined Wide [...]High Executive Turnover Signals Trouble for Home Afrika
Ms Kendi Ogamba has resigned from the board of Home Afrika, barely three months after another two directors Peter Nduatiand Caroline Kigen- left the board. Home Afrika has been [...]
Lockdowns, Low Airfreight to Hit Kenya's Valentine Flower Sales
Kenyan flower farmers are staring at reduced business this year. This is as reduced airfreight capacity and lockdowns in crucial European markets threaten to hurt Kenyan flower sales during Valentine's [...]US Stock Markets; Wallstreet Closes Higher, Earnings Brief, Tesla, Ford, Uber News
The US stock markets closed higher on Tuesday amid earnings reports from leading corporations such as Amazon, Alphabet and Alibaba. The major theme that stood out was the stimulus talks [...]
Britam Holdings Names Mohamed Karama as Acting Chairman of the Board
Britam Holdings has named Mohamed Said Karama as the acting Chairman of the board of directors of the company following the retirement of Walter Andrew Hollas. Walter Andrew Hollas has [...]Global Markets Weekly Update
Global Markets Wallstreet closed on the negative on Friday with trading platforms in focus as they limitedseveral securities from trading after markets turned extremely volatile following a short squeeze mainly [...]Citi Downgrades Safaricom Stock Due to Regulatory Uncertainty
Safaricom, Kenya's largest mobile operator, is facing increased regulatory risk which may affect its revenue stream according to analysts at Citi. One of the major threats to the company is [...]CIC Insurance Issues Profit Warning
CIC Group, one of the Kenya's leading insurance companies, has issued a statement saying that its earnings for the financial year 2020 are expected to be substantially lower than the [...]Car General Declares KSh 32 Million Dividend Payout
Car General has declared a total dividend of KSh 32 million, even after a challenging year that ended on 30th September 2020. The company with interests in the automotive [...]Reduction in Tax Lifts KenGen's Net Earnings by 133% to KSh 18.38 Billion
Kenya Electricity Generating Company PLC (KenGen), a state-owned electricity generating firm, has posted a Net Profit of KSh18.38Billion, at the close of the financial year ended 30th June 2020. This [...]US Markets; Fed Keeps Rates, FB, Apple Tesla Earnings, GameStop Rally.
Shares on Wallstreet fell at market close on Wednesday with the Dow Jones Index, which measures top 30 largest US companies falling by more than 600 points after the country's [...]
