CMA issues New Guidelines to Fund Managers
The Capital Markets Authority (CMA) has published new guidelines for fund managers who run Collective Investment Schemes(CIS). These rules, which take effect on 1st January 2021, will be used to [...]
Global Markets Begin Week on High note
Major Global Markets News Oracle Reportedly Wins Bid to Acquire TikTok US operations According to the Wallstreet Journal, TikTok's owner ByteDance Ltd. picked Oracle Corp. to buy the app's United [...]
Kenya Shilling Hits a New Low of 108.71 Against the Greenback.
Hit by reduced diaspora remittances as well as declining inflows from exports and a stagnant tourism sector, the Kenya Shilling has continued to decline against the US dollar. When forex [...]Nvidia to Acquire Chipmaker Arm from SoftBank for $40 Billion
Nvidia's acquisition of Arm for $40 billion makes it the biggest semiconductor deal ever. Nvidia will finance the deal in a mix of cash and stock. Nvidia CEO Jensen Huang [...]
Petrol up, Diesel and Kerosene Price down
The pump price of super petrol has gone up by 2.65% or KSh 1.48 to sell at KSh105.43 in Nairobi effective from midnight of 15th September 2020. The cost of [...]Oracle Partners with TikTok for US Business, Edging Out Microsoft
TikTok will partner with Oracle to do business in the US, in line with the requirements of the administration. Unlike Microsoft's deal, the partnership between the two companies will feature [...]UK signs post-Brexit Trade Deal With Japan
The United Kingdom has secured its first trade deal with Japan after leaving the European, the accord boosting the profile of embattled Prime Minister Boris Johnson-already facing a Brexit rebellion [...]Global Markets Update
Wallstreet Shares on Wall Street fell on Thursday's session after the US Senate failed to pass a $500 billion stimulus package. The bill was supported by 52 US senators while at least [...]The Origins of Cryptocurrencies – Where did they come from?
Over the past decade, cryptocurrencies have persistently edged their way into mainstream financial markets and transactions. The previously little-known world of crypto is constantly becoming part of everyday conversations and [...]
GM Acquires 11% Stake in Electric Truck Startup Nikola for $2 Bn
Chevrolet maker General Motors has signed a partnership deal for a $2 billion equity stake in electric truck startup Nikola. The deal will give GM an 11% stake in Nikola. [...]Absa Dominates Trading at NSE
Absa Bank was the biggest mover at the Nairobi Securities Exchange(NSE) when trading at the bourse on 8th September, 2020. It traded a volume of 4.13 Million shares at between [...]M-Akiba Investors Receive KSh 935.9 Million Final Interest Payment
The Central Depository and Settlement Corporation (CDSC) has paid out KSh 935.9 Million to 13,592 M-Akiba Bond investors. This amount includes the principal and final interest on an infrastructure bond [...]
