Turnover at NSE rises 63% to KSh 529.2 Million
Turnover at the Nairobi Securities Exchange(NSE) bourse edged up to KSh 592.2 Million on Thursday, 26th November 2020, compared to a turnover of KSh 324.02 Million, an increase of 63%. [...]
KCB Inks Acquisition Deal For Atlas Mara's 2 Banks to Increase Regional Footprint
KCB Group PLC has signed a definitive agreement with Atlas Mara to acquire Banque Populaire du Rwanda Plc (BPR) and African Banking Corporation Tanzania (BancABC). The proposed transaction will increase [...]
East African Cables Issues Profit Alert
East African cables Plc says that the projected earnings for the group for the year ending 31st December 2020 may fall by more than 25% compared to the earnings recorded [...]
DTB Posts 28% Drop in Q3 Net Profit to KSh4.3 Billion
Diamond Trust Bank has reported a 28% y.o.y drop in net profit in the nine months that ended on 30th September to KSh 4.3 billion. The drop was largely driven [...]Reforms Needed to Strengthen the Stock Market
In many countries, the stock market is the primary means of wealth creation for citizens. Every year, many millionaires and billionaires are minted across the numerous stock exchanges around the [...]
NSE Turnover down 47% to KSh 480.8 Million
Turnover at the Nairobi Securities Exchange(NSE) declined significantly to KSh 480.8 Million when trading at the bourse closed this Monday, 23rd November, 2020. This is a 47% decline compared to [...]Bank Shares Lose Appeal at Kenya's Stock Market on Weak Q3 Earnings
Bank shares were on the list of counters that recorded a dip in price when trading at the Nairobi Securities Exchange (NSE) ended this Friday, 20th November 2020. Absa Bank [...]Treasury Bill Auction Oversubscribed, Raises KSh 24.2 Billion
The Central Bank of Kenya(CBK) accepted bids worth KS 24.2 Billion out of the KSh 24 Billion that was offered at the weekly Treasury Bills auction. This is the third [...]Global Markets News Brief
US stock market The United States stock markets closed higher on Thursday's session following news that the country's senate had agreed to restart negotiations on the fourth instalment of the [...]Turnover at the NSE rises 107% to KSh 435.40 Million
Activity at the Nairobi Securities Exchange(NSE) resulted in a turnover of KSh 435.4 Million, a rise of 107% from the KSh 209.9 Million at the close of trading yesterday. The [...]Nairobi Business Ventures Appoints 5 New Directors
Listed shoe vendor Nairobi Business Ventures(NBV) has appointed 5 new directors to its boardroom. This is as Delta International FZE, UAE-the new investor in the firm, nears the end of [...]KCB Shares Trading at 40% Discount- Citi Research
Citi research analysts have issued a buy recommendation on KCB Group. The analysts say that KCB shares are trading at a 40% discount and the target price is KSh48. The [...]
