Diaspora Remittances Rebound in May to Hit Ksh27.4B
Diaspora remittances inflows recovered in May 2020 to hit Ksh27.369 billion (USD 258.2 million) from Ksh22.069 billion (USD 208.2 million) recorded in April. This was a Ksh5.3 billion or 24 [...]
Global Markets Mixed as Virus Cases Surge
The US stock market on Friday closed the week on the red zone as the coronavirus outbreak in the country continued to worsen.At least eleven states have paused their reopening [...]
Stock Market Weekly Market Report
The Equity Market closed the week with 146 Million shares valued at KSh2.7Billion against 133Million shares valued at KSh3.2Billion transacted the previous week. The NSE 20 share index was down [...]
COVID-19 Delays the Nationalization of Kenya Airways
The schedule of nationalizing Kenya Airways(KQ), has been pushed by over two months, owing to disruptive effects of COVID-19 pandemic on the global aviation business. Parliament is expected to restart [...]Kenya's Central Bank Retains Key Rate at 7 Percent
Kenya's monetary policy committee retained the key lending rate at 7 percent during yesterday's meeting. The team said that mitigation measures deployed since March have been having the desired outcome. [...]NSE Turnover up 186% to KSh 1.1 Billion
At the end of Wednesday’s trading session on the Nairobi Securities Exchange (NSE), a total of 65,174,300 shares in 1,341 deals, corresponding to a market value of KSh 1,136,027,313.00, were [...]Kenya Shilling Holds Steady against Major Currencies
The Kenya Shilling held steady against major international and regional currencies during the week ending June 18, 2020. In the week, the shilling averaged KSh106.45 against the US Dollar, KSh134.20 [...]NSE Turnover Rises 83% to KSh936 Million
Trading on Friday, 19th June 2020, at the Nairobi Securities Exchange (NSE) saw an 83% increase in turnover to KSh936.86 million from Thursday's turnover of KSh512 million. Over 41.8 million [...]
CMA Admits Two New Firms in Regulatory Sandbox
The Capital Markets Authority has welcomed Belrium Kenya and Pyypl Group Limited in its regulatory Sandbox. The entry of the two companies brings the number of firms in the Sandbox [...]CMA Warns About Dominant Firms at The NSE
The Capital Markets Authority(CMA) has sent out an alarm over what it terms as the dominance of five listed firms at the Nairobi Securities Exchange(NSE). In its Q1, 2020 Soundness [...]Turnover Rises by 23% to KSh 511.8 Million
At the end of Thursday's trading session at the Nairobi Securities Exchange (NSE), 15,687,400 shares were traded in 1,126 deals, corresponding to a market value of KSh 511,759,007.00. This is [...]African Alliance to Shut its Brokerage Business in Kenya
South African-based African Alliance group has announced that it will cease operating its stockbroking unit in Kenya at the end of June 2020. The company which traditionally focused on stock [...]
