Establishing A Forex Business In Africa
The Forex market has become the most preferred and accessible trading area in the world. Especially during the pandemic, many brokers all around the world have drawn a great picture, [...]
Global Markets Rise After Biden's Triumph Covid-19 Vaccine Effectiveness
Pfizer's vaccine shows 90% effectiveness A coronavirus vaccine developed by Pfizer Inc and BioNTech SE has shown effectiveness in preventing the infection in more than 90% of the Covid-19 cases, [...]
Safaricom Half Year Net Earnings drop 6% to KSh 33.1 Billion on pandemic woes
Safaricom Plc Net earnings for the six months period ended 31st September 2020 slumped 6% to KSh 33.069 Billion compared to a net profit of KSh 35.195 Billion over a [...]
Weekly Deals Digest: Oct 28 Nov 3
In this week's deals digest, Kenya's Kasha led African deals, raising $5.3 million from the Swedish fund. Brazil led emerging markets following a $150 million investment in Conductor. However, India [...]NSE turnover drops to KSh 373.9 Million
Turnover at the Nairobi Securities Exchange (NSE) declined to KSh 373.87 on a volume of 15.3 Million and 660 deals. The NSE 20 Share Index declined 0.67 points to 1769.54 [...]Kenya Flower Exports Take a Blow From Lockdowns Across Europe
The Kenya Flower Council (KFC) laments that the recent lockdowns across Europe are a blow to Kenya’s flower subsector. According to KFC CEO, Clement Tulezi, thousands of flower workers' jobs [...]
Global Markets Mixed Amid US Elections
US Markets Amid Elections Major US stocks traded higher on Wednesday's early trading session as investors awaited the winner of the Presidential elections. Results of the elections are still being [...]MTN Group Sells its 18.9% Stake in Jumia
MTN has sold all its stake in Jumia as an effort to streamline its portfolio and cut debt by disposing off non-core business. Proceeds from the sale valued at $142 [...]KenGen Shareholders Approve KSh 1.65 Billion Dividend
KenGen will pay a dividend totalling to Ksh 1.65 billion to its shareholders, following approval of the board recommendations for a Ksh 0.25 for every ordinary share of Ksh 2.50. [...]Kakuzi Plc Appoints Nicholas Nganga as Chairman, Dr. John Kibunga Kimani Joins Board
Kakuzi Plc, a listed agricultural firm, has appointed Nicholas Nganga as its Board Chairman with immediate effect. He takes over from Graham Mclean, who has stepped down from the position [...]Weekly Deals Digest: Oct 21 – Oct 27
In this issue of the weekly deals digest, Liquid Telecom took the crown in Africa, raising $40 million in a Series C funding in Mauritius. In emerging markets, India's Eightfold, [...]Global Markets Q3 Earnings Highlights
United States markets closed lower on Wednesday's session mainly due to a re-emergence of the Covid19 infections across the world thus affecting investor sentiment even as the country goes into the presidential [...]
