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 [...]
Kenya's Economy Shrinks by 5.7% in 2020 Q2 as Pandemic Hits Key Sectors
Kenya's economy contracted by 5.7% in 2020 Quarter 2 compared to 4.9% in Q1 2020, after the pandemic affected multiple vital sectors. In Q2 2019, the Kenyan economy grew by [...]Global Markets Top News Highlights
Apple Shares Fall Despite New Products Shares of American tech giant Apple Inc closed 2.70% lower on Tuesday despite announcing a new line of smartphones that support 5G. At its [...]Tesco Suspends Supplies from Kakuzi
UK retailer Tesco has suspended supplies from Kakuzi following a move by law firm Leigh Day to take legal action against UK firm Camellia whose subsidiary runs Kakuzi. Camellia owns [...]Tech Stocks Drive US Markets Higher
The US Stock market on Monday closed higher driven by mainly driven by Nasdaq listed Tech stocks Amazon and Apple Inc. At market close, Apple Inc. shares rose by more [...]Crown Paints to raise KSh 711.8 Million from Rights Issue
Crown Paints Limited plans to do a pre-emptive rights issue that will see its shareholders participate in the acquisition of 71,181,000 out of the 92,526,000 newly created shares. Preemptive rights [...]
Crypto Prices Rise As Global Central Banks Explore Digital Currency Possibilities
The price of cryptocurrencies has surged over the last few days followingnewsthat major central banks are discussing the possible introduction of their digital currencies. The World's top seven largest central [...]Global Markets News Updates
Major Global Markets News In today's global markets updates, we focus on possible US restrictions on Ant Group and Tencent, the IBMs split into two public companies after 109 years [...]Kenya's private sector records biggest expansion since 2018
The Stanbic Bank Purchasing Managers Index ( PMI) for Kenya increased to 56.3 in September of 2020 from 53 in August, pointing to the biggest expansion in private sector activity [...]Performance of Bitcoin Vs Gold in the last 5 Years
If you invested $10 in Bitcoin 10 years ago, you would be a millionaire now. Never before could you make so much money in a decade.Is Bitcoin still worth investing [...]Net Assets of Online Forex Dealers Hit KSh234.3 Million
The net assets base of online forex dealers was KSh 234.27 Million as at 31st May 2020. This is compared to KSh 5.3 Billion held by fund managers, KSh 971.3 [...]CBK Raises KSh 10.7 Billion from Treasury Bill Auction
The Central Bank of Kenya (CBK) raised KSh 10.698 Billion from this week's Treasury Bills Auction out of the targeted KSh 24 Billion, representing a performance rate of 64.9%. This [...]
