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 [...]Regulator seeks Exemptions from Digital Tax for Capital Markets players
The Capital Markets Authority (CMA) plans to engage the Government on the newly introduced digital tax, to safeguard gains made within the sector. Luke Ombara, the director of regulatory at [...]NSE's Bond Turnover Hits All-Time High as Investors Seek Stable Returns
The bond turnover at the Nairobi Securities Exchange reached an all-time high of KSh691.8 Billion in 2020 as investors shifted funds from high-risk assets such as equities to relatively low-risk [...]Mauritius and Morocco Join the African Bond Index
Mauritius and Morocco have joined eight African countries that are part of theBloomberg African Bond Index(ABABI) to provide investors with a tool to measure and track Africa's local bond markets' [...]
Central Bank's stance on inflation keenly watched as MPC meets
Inflation is likely to feature prominently as the Monetary Policy Committee (MPC), the top policy organ of the Central Bank of Kenya(CBK) meets on Wednesday 27th January 2021. All attention [...]Global Markets; Nasdaq Hits All-Time High
The US stock market closed Monday's session higher with the Nasdaq 100 hitting a new all-time record high as the number of coronavirus cases reported worldwidesurpassing100 million. Investors are also [...]
