NSE Isolated in Proposed Regional Bourse Plan
Tanzania, Rwanda and Uganda are proceeding with plans to electronically interlink their respective stock exchanges, leaving out the Nairobi Securities Exchange(NSE). The three East African states intend to have a [...]
CBK Auctions Attract Bids Worth KSh98.6 Billion
The National Treasury raised a total of KSh98.6 Billion from the sale of two T- Bills and T-Bonds auctions that took place on the Wednesday and Thursday this week. While [...]Interswitch to Revive Investments in Startup After 4 years of Dormancy
Fintech Interswitch confirmed that it would resume investment activities after pausing in 2016. Founder and CEO Mitchell Elegbe toldTechCrunchthat the company would go back to making bets on startups. We've [...]
Weekly Turnover at NSE Doubles to KSh5 Billion
Weekly Equity turnover at the erratic Nairobi Securities Exchange(NSE) rose significantly with 176Million shares valued at KSh 5Billion traded. This is against 92Million shares valued at KSh 2.4Billion transacted the [...]NSE Turnover Climbs to KSh 3.8 Billion
Equity at the Nairobi Securities Exchange(NSE) increased significantly on 17th September 2020 to KSh 3.76 Billion compared to KSh 550.65 Million on Wednesday and KSh 303.09 Million on Tuesday this [...]Report Ranks Kenya, SA Nigeria Among World's Top 10 Countries in Cryptocurrency Adoption
A recent report by dubbed the 2020 Geography of Cryptocurrency Report ranks three African Countries; Nigeria, Kenya and South Africa among the top ten countries in cryptocurrency adoption. The report [...]Nigeria to Regulate Digital Assets Investment
Nigeria's Securities and Exchange Commission (SEC) will now regulate crypto-coin and crypto-token investments among other digital assets when the character of the investment qualifies as securities transactions. This is part [...]CMA issues New Guidelines to Fund Managers
The Capital Markets Authority (CMA) has published new guidelines for fund managers who run Collective Investment Schemes(CIS). These rules, which take effect on 1st January 2021, will be used to [...]Global Markets Begin Week on High note
Major Global Markets News Oracle Reportedly Wins Bid to Acquire TikTok US operations According to the Wallstreet Journal, TikTok's owner ByteDance Ltd. picked Oracle Corp. to buy the app's United [...]
Kenya Shilling Hits a New Low of 108.71 Against the Greenback.
Hit by reduced diaspora remittances as well as declining inflows from exports and a stagnant tourism sector, the Kenya Shilling has continued to decline against the US dollar. When forex [...]Nvidia to Acquire Chipmaker Arm from SoftBank for $40 Billion
Nvidia's acquisition of Arm for $40 billion makes it the biggest semiconductor deal ever. Nvidia will finance the deal in a mix of cash and stock. Nvidia CEO Jensen Huang [...]Petrol up, Diesel and Kerosene Price down
The pump price of super petrol has gone up by 2.65% or KSh 1.48 to sell at KSh105.43 in Nairobi effective from midnight of 15th September 2020. The cost of [...]
