Kenya Urged to Speed up Financial Markets Reforms Absa AFMI 2020
Kenya has been told to speed up reforms of its financial markets and introduce more innovative products to make the destination more attractive to local and foreign investors according to [...]
Virus Dims Sub Saharan Africa Economic Growth Prospects: IMF
The International Monetary Fund (IMF) projects that Sub Saharan Africa region economic growth will contract by -3.0 percent in 2020. IMF says the coronavirus pandemic brought an unprecedented health and [...]
Centum Real Estate to Issue KSh 4 Billion Bond to Finance Projects
Centum Real Estate Limited, a subsidiary of listed Centum Investment Company, is seeking to float a KSh 4 Billion bond to finance its ongoing housing projects. The move is expected [...]Ant Group Eyes World Record IPO in Dual Listing
Payments Giant Ant Group is planning to set the world record in its upcoming IPO, which will raise over $34.5 billion. The online payments company priced its shares in the [...]
Homeboyz Entertainment to Join NSE by the End of 2020
Homeboyz Entertainment, the leading entertainment and events production company in East Africa, plans to list on the Nairobi Securities Exchange before the end of the year. The CEO Myke Rabar [...]
Top 5 Successful Forex Traders in Kenya
With the rise in popularity of forex trading across the globe, many people in countries like Kenya have been motivated to dabble in the world of currencies trading. Engaging with [...]CDSC Gets Nod to Sell its SLB Product to Pension Schemes
The Central Depository Settlement Corporation (CDSC) has received a nod from the Retirement Benefits Authority (RBA) to engage pension schemes in its Securities Lending and Borrowing (SLB) product. This [...]Citi Projects Safaricom's Net earnings to Hit KSh78.7 Billion in 2023
Citi Research forecasts that giant telco firm, Safaricom, net profit will to rise from KSh 74.7 Billion posted in the year ended March 31st, 2020 to KSh 78.7 Billion in [...]Airtel Africa H1 2020 Revenues Up 16.4%
Airtel Africa has reported a 16.4% revenue growth in constant currency to $1,815 million for the half-year ended 30 September 2020 compared to $1,640 million reported in a similar period [...]Kenya's Mutual Fund Assets Grow 15% to KSh 88.1 Billion in Q2
The value of assets held in Kenyan mutual fund schemes increased by 15% in the second quarter of 2020 to KSh 88.1 billion from KSh 76.5 billion at the end [...]Netflix Sets Sight on Kenya's Nascent Online Video Streaming Market
Netflix, a leading content provider, has set its sights on conquering the Kenyan market. This is after establishing a foothold in South Africa and Nigeria, two of the largest economies [...]Global Markets Highlights
Google officially charged with antitrust The US Justice Department formally charged Alphabet Inc.'s Google with antitrust violations on Tuesday, the first major action against Big Tech for its staggering market [...]
