Oracle Partners with TikTok for US Business, Edging Out Microsoft
TikTok will partner with Oracle to do business in the US, in line with the requirements of the administration. Unlike Microsoft's deal, the partnership between the two companies will feature [...]
UK signs post-Brexit Trade Deal With Japan
The United Kingdom has secured its first trade deal with Japan after leaving the European, the accord boosting the profile of embattled Prime Minister Boris Johnson-already facing a Brexit rebellion [...]
Global Markets Update
Wallstreet Shares on Wall Street fell on Thursday's session after the US Senate failed to pass a $500 billion stimulus package. The bill was supported by 52 US senators while at least [...]The Origins of Cryptocurrencies – Where did they come from?
Over the past decade, cryptocurrencies have persistently edged their way into mainstream financial markets and transactions. The previously little-known world of crypto is constantly becoming part of everyday conversations and [...]
GM Acquires 11% Stake in Electric Truck Startup Nikola for $2 Bn
Chevrolet maker General Motors has signed a partnership deal for a $2 billion equity stake in electric truck startup Nikola. The deal will give GM an 11% stake in Nikola. [...]Absa Dominates Trading at NSE
Absa Bank was the biggest mover at the Nairobi Securities Exchange(NSE) when trading at the bourse on 8th September, 2020. It traded a volume of 4.13 Million shares at between [...]M-Akiba Investors Receive KSh 935.9 Million Final Interest Payment
The Central Depository and Settlement Corporation (CDSC) has paid out KSh 935.9 Million to 13,592 M-Akiba Bond investors. This amount includes the principal and final interest on an infrastructure bond [...]Banks and Pension Funds Dominate Kenya's Domestic Debt
Banks and pension funds have dominated government domestic debt stock according to the latest CBK weekly bulletin. Banking institutions have grown their share of local debt from 53.63 per cent [...]
KenGen Shareholders to Receive KSh 1.65 Billion Dividend
The Board of the power generating firm Kengen has recommended a dividend payout of KSh 1.65billion for its shareholders for the year ended June 30th, 2019. The Board has recommended [...]Kenya's Private Sector Growth Rate Slows in August- PMI Index
Kenya's Purchasing Managers Index (PMI) fell to 53 in August 2020 from 54.2 in July. The slow down was triggered by many firms, affected by the pandemic, scaling down or [...]Investors Oversubscribe to Mdundo.com's Denmark IPO by 111%
Private and professional investors oversubscribed to Mdundo.com's listing onNasdaq First North Growth Market Denmarkby 111%. The music download and streaming service received subscription orders worth DKK 84.3 million ($13.4M) against [...]6 Things Kenyans Must Know about Online Forex Trading
Online Forex trading has grown exponentially in popularity over the past ten years. Historically, forex trading was reserved for large institutions like Governments, Banks and Corporations. However, now with retail [...]
