Banks and Pension Funds Dominate Kenya's Domestic Debt
Banks and pension funds have dominated government domestic debt stock according to the latest CBK weekly bulletin. Banking institutions have grown their share of local debt from 53.63 per cent [...]
KenGen Shareholders to Receive KSh 1.65 Billion Dividend
The Board of the power generating firm Kengen has recommended a dividend payout of KSh 1.65billion for its shareholders for the year ended June 30th, 2019. The Board has recommended [...]
Kenya's Private Sector Growth Rate Slows in August- PMI Index
Kenya's Purchasing Managers Index (PMI) fell to 53 in August 2020 from 54.2 in July. The slow down was triggered by many firms, affected by the pandemic, scaling down or [...]Investors Oversubscribe to Mdundo.com's Denmark IPO by 111%
Private and professional investors oversubscribed to Mdundo.com's listing onNasdaq First North Growth Market Denmarkby 111%. The music download and streaming service received subscription orders worth DKK 84.3 million ($13.4M) against [...]
6 Things Kenyans Must Know about Online Forex Trading
Online Forex trading has grown exponentially in popularity over the past ten years. Historically, forex trading was reserved for large institutions like Governments, Banks and Corporations. However, now with retail [...]CBK Floats Bonds Worth KSh 50 Billion for Budgetary Support
The Central Bank of Kenya is inviting investors to bid for the 15-year and 20-year Treasury Bonds worth KSh 50 Billion, proceeds to be used by National Treasury to finance [...]Kenya's Monthly Inflation Holds Firm in August at 4.36%
The decline in the price of key items in the basket of households kept Kenya's monthly inflation rate at 4.36%, the same level as the previous month. The stagnant inflation [...]Norwegian Fund Backs Out of KSh6 Billion Laikipia Solar Project
Norfund, Norwegian State-owned investment company, together with its partner Scatec Solar have withdrawn from the Rumuruti Solar Park, which was to be built in Laikipia. The company was the project's [...]Nation Media Group Plunges into KSh375.2 Million Net Loss in H1 2020
A drastic drop in advertising and circulation volumes pushed down giant Nation Media Group(NMG)into a loss territory of KSh 375.2 Million in Net earnings at the close of the six [...]East African Cables Reports KSh244 Million Loss in H1 2020
East African Cables Group recorded a loss of Ksh 244.4 million for the six months ended June 30th. Company Secretary Virginia Ndunge says the performance in the first half of [...]CBK Collects Ksh189.1 Bn From Domestic Market in August
The Central Bank of Kenya (CBK) has collected Ksh189.1 billion from the domestic market in August through treasury bills and treasury bonds. However, the month saw subdued investor appetite for [...]NSE Cost-Cutting Measures Boost Half Year Earnings
Nairobi Securities Exchange (NSE) profits for the half-year ended June 2020 grew massively by 357 per cent to Ksh110.7 million compared to Ksh24.3 million recorded in a similar period last [...]
