Kestrel Capital to fold its Investment Banking Activities
Kestrel Capital (East Africa) Limited has issued a notice to the Capital Markets Authority (CMA) concerning their intention to cease their investment banking activities. In a notice appearing in a [...]
KenGen's Expansion Projects to Boost its Income
Analysts predict increased revenue for the energy-producing company, Kengen, in the near term. The company has recently been involved in ambitious capacity expansion initiatives that are expected to boost its [...]
Global Markets News Highlights
Wallstreet The US stock market closed Thursday's session mixed after hitting new record highs on Wednesday's session after Joe Biden was sworn in as the 46th president. Major themes that [...]
NSE to Add 4 Companies on the Bourse in 2021
The Nairobi Securities Exchange (NSE) plans to add four new companies on the bourse in 2021, after a long period of no new listings, according to an interview with Bloomberg. [...]Investors Pile KSh9.9 Billion in Mutual Funds in Q3 2020
Investors in Kenya stashed their funds in mutual funds in 2020 due to the uncertainty caused by the covid19 pandemic. As a result, assets held in Kenyan Mutual Funds grew [...]Kenya in Fresh Quest for KSh500 Billion for Pipeline Construction
Kenya is in a new quest for$5 billion, seeking to finance the country's development of infrastructure from Lokichar to the coastal region through a public-private partnership. According to Mining and [...]
Sasini Plc Emerges from Losses to Post Net Profit of KSh 12.6 Million
Sasini Plc, a listed coffee and tea producer, posted a net profit of KSh 12.6 Million for the financial period ended 30th September 2020. This is compared to a net [...]Global Markets; US Stocks Close Higher, Trump Impeached
Major Indices in the US stock market closed higher on Wednesday's trading session as the House of Representatives voted to impeach President Donald Trump for the second time, accusing him [...]Weekly Deals Digest Dec 30 Jan 5
In this issue of theWeekly Deals Digest Series, food companies dominated the African investment scene while enterprise applications ruled the global deals space. Sanergy put Africa on the spotlight with [...]CBK's attractive T- Bond Tap Sale raises KSh 55.9 Billion
CBK received bids worth 61.2 Billion out of an advertised amount of KSh 25 Billion offered during the sale of its two-year Treasury Bond, an oversubscription of 244.6%. This Treasury [...]Central Bank floats KSh 50 Billion, 16-year Infrastructure Bond
The Central Bank of Kenya (CBK), the Government's fiscal agent, has invited bids for a KSh 50 Billion 16-year Infrastructure bond whose purpose is to fund infrastructure projects in the [...]IFC to Invest KSh1.096 Billion in Ascent Rift Valley Fund II LP
The International Finance Corporation (IFC) says it will make a $10 million (KSh1.096 Billion) equity investment in East African based Private Equity fund Ascent Rift Valley Fund II. Ascent Rift [...]
