CDSC Gets Nod to Sell its SLB Product to Pension Schemes
The Central Depository Settlement Corporation (CDSC) has received a nod from the Retirement Benefits Authority (RBA) to engage pension schemes in its Securities Lending and Borrowing (SLB) product. This [...]
Citi Projects Safaricom's Net earnings to Hit KSh78.7 Billion in 2023
Citi Research forecasts that giant telco firm, Safaricom, net profit will to rise from KSh 74.7 Billion posted in the year ended March 31st, 2020 to KSh 78.7 Billion in [...]Airtel Africa H1 2020 Revenues Up 16.4%
Airtel Africa has reported a 16.4% revenue growth in constant currency to $1,815 million for the half-year ended 30 September 2020 compared to $1,640 million reported in a similar period [...]
Kenya's Mutual Fund Assets Grow 15% to KSh 88.1 Billion in Q2
The value of assets held in Kenyan mutual fund schemes increased by 15% in the second quarter of 2020 to KSh 88.1 billion from KSh 76.5 billion at the end [...]
Netflix Sets Sight on Kenya's Nascent Online Video Streaming Market
Netflix, a leading content provider, has set its sights on conquering the Kenyan market. This is after establishing a foothold in South Africa and Nigeria, two of the largest economies [...]Global Markets Highlights
Google officially charged with antitrust The US Justice Department formally charged Alphabet Inc.'s Google with antitrust violations on Tuesday, the first major action against Big Tech for its staggering market [...]
Sainsbury, Lidl Temporarily Suspend Kakuzi Orders Pending Investigations
UK retail stores, Sainsbury and Lidl, have temporarily suspended supplies from Kakuzi following the ongoing investigation over allegations of human rights abuse. News of the pull out come barely a [...]Kenya Shilling Hits New Low of 109 to US Dollar
The Kenya Shilling lost value against the US dollar when forex markets closed yesterday to exchange at 109.2100, breaking the 109 barrier. Dealers in the market were quoting the local [...]NSE Admits EGM Securities as a Trading Member of Derivatives Market
The Nairobi Securities Exchange (NSE) admitted EGM Securities as a trading member of the NSE Derivatives market following its satisfaction of licensing and operating requirements in line with Capital Markets, [...]TransCentury Cuts Commercial Bank Debt by 40% in Ongoing Turnaround Plan
TransCentury Limited (NSE: TCL) has announced that it has cut its commercial bank debt by 40%. A company update says the reduced debt service has allowed the redirection of the [...]Opinion; Find a compromise in managing Shilling Exchange Rate
The ongoing talks for a bilateral trade agreement between the United States and Kenya will certainly be the second most important economics topic of 2020 in this region. The first [...]
Tea Auction Records a Decline in Prices
Theweekly MombasaTea Auction held on the 12th and 13th October 2020 had 9.08 million kilograms of tea offered for sale. The amount on offer increased from 8.98 million kilograms offered [...]
