Kenya Shilling Ends losing Streak against US Dollar
The Kenya Shilling was quoted at a mean rate of 108.7882 against the US Dollar when forex markets opened today, 24th December 2020. The Central Bank of Kenya (CBK) indicative [...]
MTN Rwanda to List on Rwanda Stock Exchange in 2021
MTN Rwanda has announced plans to list on the Rwandan Stock Exchange in 2021. The company will list by way of introduction, joining ten other firms listed on the exchange. [...]
Kenya's Regulator tightens Surveillance on Rogue Stock Brokerage firms
The Capital Markets Authority (CMA) has moved to tighten its surveillance on what happens in the backroom offices of stock brokerage firms to protect investors from fraud. In the latest [...]Tesla to Make its Debut on the SP 500 Today
Today, Tesla Inc will make its debut on the SP 500 index, headed to be the most valuable company on the benchmark index. The debut follows the stock's peak performance, [...]Homeboyz Entertainment Makes stock market debut
Kenya's stock exchange has announced that Homeboyz Entertainment PLC will on Monday 21st December list on the Growth Enterprise Market Segment (GEMS) of the exchange following approvals from the regulator. [...]Weekly turnover at the NSE drops 23.2% to KSh 2.1 Billion
Available data shows that the Nairobi Securities Exchange(NSE) weekly turnover dropped 23.17% to KSh 2.06 Billion when the bourse closed on Friday. This is compared to a turnover of KSh [...]Centum Real Estate Bond Raises KSh3 Billion
Centum Real Estate has managed to raise KSh3 billion from the recently issued bond, against the target of KSh4 billion. The bond attracted diverse investors including, banks, asset management firms, [...]
Kenya's Stock Exchange Gets Approval for OTC Platform to Allow Trading for Unlisted Companies
The Nairobi Securities Exchange has been granted approval by the markets regulator to launch the Unquoted Securities Platform (USP), an Over the counter (OTC) platform that offers unlisted companies access [...]Netflix Doubles Down on African Strategy, Appoints Strive Masiyiwa to Board
Netflix has appointed Zimbabwean billionaire and philanthropist Strive Masiyiwa to its board of directors. The appointment has come at a time when the company is looking to expand its African [...]Updated; Bitcoin surpasses $20,000 mark to hit new all-time high
Updated; The price of the world's most popular digital currency on Wednesday surpassed the $20,000 for the first time in history. On Thursday, Bitcoin rallied 14% to hit a new [...]
Trading during Earnings Season: A Guide
You want to trade stocks but dread the earnings season? Keep reading to find out what you need to know about the earnings season to understand how to take advantage [...]Kengen Further Delays Publishing Full-Year Results
Kengen has announced that it will further delay the release of its full-year financial results for the period that ended on 30th June 2020. In October, Kengen sought permission from [...]
