CBK raises KSh 19.2 Billion from Weekly T- Bills Auction
The Central Bank of Kenya(CBK) collected KSh 19,236.07 Million out if the advertised amount KSh 24 Billion after receiving bids worth KSh 21.7Billion at the weekly Treasury Bills auction that [...]
Global Markets; Wallstreet, Bumble IPO, Microsoft-Pinterest Bitcoin Updates
The US stock market closed mixed on Thursday with the Dow Jones unchanged while the Nasdaq 100 rose 0.58% as the SP 500 closed 0.19% higher. The United States Congressional [...]
KPMG Resign as Standard Group's External Auditors
Standard Group has announced that KPMG Kenya resigned as the company's external auditors on 8th February 2021. Prior to the resignation, KPMG served as Standard Group's external auditors for nearly [...]
Safaricom shareholders to receive KSh 18 Billion Interim dividend
Safaricom has issued a notice on interim dividend for the year ended 31st March 2021, of KSh 0.45 per ordinary share held amounting to KSh 18.029 Billion. This is in [...]CMA Undertakes Review of Master Plan
The Capital Markets Authority has hired a consultant to reviewthe ten-year Capital Market Master Plan (CMMP, 2014-2023), which outlines the long-term strategic direction for the Kenyan capital markets. The Master [...]Bitcoin Tops $44,000 As Tesla Reveals $1.5 billion Holdings
The price of Bitcoin rose by over 15% on Monday and hit a new all-time high of above $44,000 as electric car company Tesla Increvealedit purchased $1.5 billion worth of [...]
How To Make Money Trading Derivatives In Kenya
In the complex world of trading financial markets, nothing is always guaranteed. Prices rise and fall depending on investor sentiment, and money changes hands several times each second every day. [...]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 [...]
