Coinbase Listing Price Set at $250, Pre-Listing Futures Soar
Coinbase Global, the company that owns Coinbase, one of the world's largest cryptocurrency trading platform is set to list on the Nasdaq exchange today at a listing price of $250.00 [...]
Kenya's Forex Reserves Climb to Highest Level Since February
Kenya's foreign exchange reserves rose to the highest level in nearly two months, supported by increased foreign currency inflows, according to data released by the Central Bank. The reserves climbed [...]
NSE Weekly Turnover Declines 35.3% to KSh 2.06 Billion
The Nairobi Securities Exchange(NSE) Weekly turnover fell by 35.26% to KSh 2.06 Billion. This is compared to KSh 3.18 Billion transacted the previous week. This subdued performance is attributed to [...]
Kenya Shilling Strengthens on Impending IMF Disbursements
The Kenya Shilling has gained ground against the US Dollar over the past few days. This is as forex markets react to sentiments concerning an impending disbursement, in tranches, of [...]Eliud Kipchoge First Set of NFTs Fetch over $37,000
The auction of the first set of Eliud Kipchoge's non-fungible tokens (NFTs) closed on Thursday 23.00 Kenyan time and was sold for a total of 17.9837 in Ethereumcurrency, equivalent to [...]
Kenya's NSE Acquires 4% Stake in Dar Stock Exchange
The Nairobi Securities Exchange (NSE) has disclosed that it has acquired a 4 per cent stake in the Dar es Salaam Stock Exchange citing strategic reasons. Back in 2017, we [...]
Economy To pick Up in Two months, CBK survey
A survey by the Central Bank of Kenya (CBK) has indicated that reopening of the economy with the easing of restrictions after the COVID-19 closures and resumption of near-normal business [...]New faces join the CDSC Kenya Board of Directors
Mrs Aida Kimemia-Nesbitt is the new Board Chairperson of Central Depository and Settlement Corporation (CDSC), with effect from April 1st, 2021. CDSC provides automated clearing, delivery, and settlement facilities regarding [...]Greatest marathoner Eliud Kipchoge launches NFT
The Non-Fungible Tokens (NFTs) fever has reached Kenya with Eliud Kipchoge, regarded as the greatest marathon runner of all time, announcing the launch of his first NFT. Kipchoge's NFT collection [...]Total Kenya's Profit Soars 30% to KSh 3.3 Billion
Total Kenya's net profit for the year 2020 rose by 30% to KSh3.3 billion from KSh2.5 billion in 2019, despite a turbulent year. The company's revenue from the sale of [...]CMA places huge fines on Real People Kenya Limited Directors
The Capital Markets Authority (CMA) has taken enforcement action against former and current directors of Real People Kenya Limited (RPKL) as well Real People Investment HoldingsLimited (RPIHL) of South Africa [...]KPLC Power Purchase Agreements to be Reviewed
Kenya Power and Lighting Company (KPLC) will have all its Power Purchase Agreements (PPAs) reviewed by a team appointed by President Uhuru Kenyatta. The 19 member task force will look [...]
