Trump's Executive Orders ban Transactions with TikTok and Wechat Owners in 45 Days
US President Donald Trump signed two executive orders banning US transactions between the US and TikTok owner Bytedance and WeChat owner Tencent. The orders, which take effect in 45 days, [...]
Kenya Stock Market Investors hedge on Gold ETF as panic hits Equities
Foreigner investors continue to be net sellers at the Nairobi Securities Exchange (NSE) as the coronavirus pandemic spreads panic in global equity markets. At the close of trading on Thursday, [...]
Amazon Signs Cloud Service Deal with Bharti Airtel
Amazon has signed a deal with Bharti Airtel to sell Amazon Web Services (AWS) to small and medium businesses in India through Airtel Cloud. The new partnership will help Amazon [...]Microsoft Expects TikTok Acquisition Discussions to End by September 2020
Microsoft has confirmed that it is still engaging with ByteDance to acquire TikTok's assets in the United States. Microsoft CEO Satya Nadella says that they will pursue discussion in a [...]
Kenya's Benchmark Stock Market Index Hits 17 Year Low
Trading on Monday at the Nairobi Securities Exchange saw a turnover of Ksh 991.31 million in 1,165 deals. A total of 39.68 million shares were traded. Top mover of the [...]Global Markets Briefing
Microsoft has announced it will continue with talks to explore a purchase of TikTok in the United States. In a blog post, CEO Satya Nadella said Microsoft will move quickly [...]
Zimbabwe Stock Exchange Reopens under Stringent Conditions
Zimbabwe Stock Exchange (ZSE) resumes trading today under stringent conditions after more than four weeks of suspension. On 28th June 2020, ZSE announced the suspension of trading following a directive [...]Global Markets Headlines
Kenya Shilling Depreciates by 6.3% Between January and July 2020
The Central Bank of Kenya Governor Dr Patrick Njoroge today held an online press briefing following the Monetary Policy Committee meeting on 29th July. The MPC retained the benchmark rate [...]EABL Full-Year Profits Down by 39%
East African Breweries Limited (EABL) has recorded a 39% decline in profits to KSh7 billion for the year ended 30 June 2020 compared to KSh 11.5 billion recorded in 2019. [...]Kenya's Central Bank Retains Benchmark Rate at 7%
Kenya's central bank has retained its benchmark rate at 7 per cent for the third consecutive month. CBK says that the package of policy measures implemented since March were having [...]Standard Chartered Shareholders to Receive 34.5 Million Bonus Shares
Shareholders of Standard Chartered Bank Kenya (SCBK) approved the listing of 34,551,057 additional shares at the Nairobi Securities Exchange (NSE). The shareholders authorised directors of the company to use KSh [...]
