Shilling Under Pressure Against US$ as CBK Intervenes
The Kenya Shilling has come under tremendous pressure against the greenback, prompting aggressive interventions from Central Bank of Kenya (CBK). . Analysts expect the local unit to lose more ground [...]
Central Bank Raises KSh 18.6 Billion from Weekly Treasury Bill Auction
The Central Bank of Kenya(CBK) this week accepted bids worth KSh 18.6 Billion from the Treasury Bills Auction. This is out of KSh 24 Billion worth of Treasury bills that [...]Kenyans to Pay KSh 103.95 for Petrol as Fuel Prices Soar
Kenyan commuters will now pay Ksh 103.95 for a litre of petrol as fuel prices rise for the month of August. The latest Energy Petroleum regulatory Authority price review [...]
Jumia Q2 Losses Fall by 44% to €37.6 million
Jumia Technologies AG yesterday announced results for the second quarter ended 30 June 2020. The company recorded an operating loss of €37.6 million, 44% down from €66.7 million at a similar period this [...]NSE Turnover Declines to KSh 266 Million
At the end of trading at the Nairobi Securities Exchange (NSE)yesterday, market turnover declined to KSh 266 Million. This is compared to KSh 355 Million when the bourse closed on [...]Gold ETF Provides Investors with Long Term Returns
The coronavirus pandemic has seen investors run to safe-haven assets such as Gold that has seen the price of gold increase 30 per cent since the start of the year [...]
Markets Regulator to take over Nairobi Coffee Exchange in April 2021
Capital Markets Authority(CMA) is in the process of taking over and fully automating all marketing and auction processes at the Nairobi Coffee Exchange(NCE). The spot market should be in place [...]Safaricom's Market Cap Dominance at NSE Rises to 56%
Listed telecom firm Safaricom has maintained its dominance of activity at the Nairobi Securities Exchange (NSE) with its shares accounting for between 50% and 56% of the KSh 2 trillion [...]Kenya Bets on Tech, New Listing Laws to End IPO Drought
The Capital Markets Authority(CMA) says it has put in place measures to ensure the market remains stable and resilient against the disruptive effects of the global coronavirus pandemic. We are [...]Airtel to Keep Growing Despite Cancelled Merger Plans Citi Analysts
Airtel Kenya and Telkom Kenya recently called off the proposed merger of the two companies which began in February 2019. Their union would have provided cost efficiencies and grown the [...]
The new ‘Gold rush’ and why investors should take advantage
The gold rush is associated with a time when thousands of miners sought to make gains fast upon discovery of new mines. The interest would then spread across continents through [...]
Sale of Subsidiary Boosts WPP Scangroup Half Year Profit to Ksh 1.58Bn
WPP Scan group profits for the half-year ended June 30, 2020, rose to Ksh1.583 billion compared to a Ksh249.85 million recorded in a similar period last year. The massive jump [...]
