CBK Floats Bonds Worth KSh 50 Billion for Budgetary Support
The Central Bank of Kenya is inviting investors to bid for the 15-year and 20-year Treasury Bonds worth KSh 50 Billion, proceeds to be used by National Treasury to finance [...]
Kenya's Monthly Inflation Holds Firm in August at 4.36%
The decline in the price of key items in the basket of households kept Kenya's monthly inflation rate at 4.36%, the same level as the previous month. The stagnant inflation [...]Norwegian Fund Backs Out of KSh6 Billion Laikipia Solar Project
Norfund, Norwegian State-owned investment company, together with its partner Scatec Solar have withdrawn from the Rumuruti Solar Park, which was to be built in Laikipia. The company was the project's [...]
Nation Media Group Plunges into KSh375.2 Million Net Loss in H1 2020
A drastic drop in advertising and circulation volumes pushed down giant Nation Media Group(NMG)into a loss territory of KSh 375.2 Million in Net earnings at the close of the six [...]East African Cables Reports KSh244 Million Loss in H1 2020
East African Cables Group recorded a loss of Ksh 244.4 million for the six months ended June 30th. Company Secretary Virginia Ndunge says the performance in the first half of [...]CBK Collects Ksh189.1 Bn From Domestic Market in August
The Central Bank of Kenya (CBK) has collected Ksh189.1 billion from the domestic market in August through treasury bills and treasury bonds. However, the month saw subdued investor appetite for [...]
NSE Cost-Cutting Measures Boost Half Year Earnings
Nairobi Securities Exchange (NSE) profits for the half-year ended June 2020 grew massively by 357 per cent to Ksh110.7 million compared to Ksh24.3 million recorded in a similar period last [...]Global Markets Brief
Salesforce Stock Surge on Strong Earnings Salesforce Inc shares rose by as much as 25% on Wednesday to hit an all-time high of 277.90 per share following positive earnings growth [...]WorldRemit Eyes $500M Sendwave Acquisition in Q4 2020
WorldRemit is planning to acquire Africa centric remittance platform Sendwave for a cash and stock deal worth over $500 million. The deal is expected to close in 2020 Q4, subject [...]Kenya Running Out of Time to Ink Post-Brexit Trade Deal as Deadline Inches Closer
Kenya is running out of time to sign a UK post-Brexit trade deal, as the December 31 deadline approaches. The country has four months until the current trade agreement lapses, [...]South Sudanese Pound Declines as Country Depletes Foreign Currency Reserves
The Central Bank of South Sudan is unable to control the devaluation of the South Sudanese Pound after the regulator depleted its foreign currency reserves. Experts warn that the country [...]GenAfrica Asset Managers Posts KSh76.1 Million Net Profit
GenAfrica Asset Managers has recorded a net profit of KSh76.1 million at the end of H1, 2020. This is compared to KSh 68.9 Million realized during the previous period in [...]
