Safaricom Stock Touches Record High, Pushing Market Cap to Sh 1.4 Trillion
Shares of Kenyan telecommunication company Safaricom Plc on Tuesday's trading session touched a new record high of Ksh 35.00, pushing the company's market valuation to Ksh 1.4 Trillion. The company's [...]
CBK raises a paltry KSh 5.2 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) raised KSh 5, 186 Million from the weekly Treasury Bills Auction held on Wednesday, 30th December, 2020. This is against an advertised amount of KSh [...]
Weekly Deals Digest Dec 23 Dec 29
In this edition of the weekly deals digest, Kenya's Capsule stood out among African investments with a $5.88 million Series A Funding. Brazil led emerging markets with a $105 million [...]Diaspora remittances in November 2020 drop 1.8% to KSh 28 Billion
Diaspora remittances to Kenya dropped to KSh 28 billion in November 2020, compared to KSh 28.5 Billion in October 2020. While cash sent home by Kenyans abroad fell significantly between [...]‘’Markets Recovery Don’t Imply Economic Recovery,’’ Leila Fourie, CEO Johannesburg Stock Exchange
The coronavirus pandemic came in at one of the most challenging moments for a CEO who was just taking up office, Dr Leila Fourie was just months into office when [...]
The Best Worst Performing Stocks at the NSE in 2020
Carbacid Investments Plc, with a market capitalization of KSh 3.10 Billion, was among the top price gainers at the NSE in 2020. Its share price has appreciated by more than [...]Financial Markets Report; 28th Dec 2020
The Nairobi Securities Exchange (NSE) recorded a decline in both volume and turnover as trading resumed after investors came back from the Christmas holiday. Turnover recorded was KSh 109,652,882.00 when [...]CBK raises KSh 10.1 Billion from Weekly TBills auction
The Central Bank of Kenya (CBK) accepted bids worth KSh 10.1 Billion out of the KSh 24 Billion in Treasury Bills offered during last week's Auction. This is the 5th [...]Kenya Shilling Ends losing Streak against US Dollar
The Kenya Shilling was quoted at a mean rate of 108.7882 against the US Dollar when forex markets opened today, 24th December 2020. The Central Bank of Kenya (CBK) indicative [...]MTN Rwanda to List on Rwanda Stock Exchange in 2021
MTN Rwanda has announced plans to list on the Rwandan Stock Exchange in 2021. The company will list by way of introduction, joining ten other firms listed on the exchange. [...]Kenya's Regulator tightens Surveillance on Rogue Stock Brokerage firms
The Capital Markets Authority (CMA) has moved to tighten its surveillance on what happens in the backroom offices of stock brokerage firms to protect investors from fraud. In the latest [...]Tesla to Make its Debut on the SP 500 Today
Today, Tesla Inc will make its debut on the SP 500 index, headed to be the most valuable company on the benchmark index. The debut follows the stock's peak performance, [...]
