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 [...]Singapore Leads in Economic Competitiveness
Singapore has been ranked 1st in the Institute for Management Development (IMD) world economic competitiveness ranking for 2019, the second time in a row. US and China trailed at 10th and 20th [...]
Global Markets Daily Report
US Stock markets on Tuesday closed on the positive driven by comments from Federal Reserve boss Jerome Powell that the economy was looking at the start of a recovery period [...]
Zimbabwe's Annual Inflation Hit 786% in May
The annual inflation in Zimbabwe (year-on-year) hit 785.55% in May 2020, up from 765.57% in April 2020, occasioned by shortages of fuel, foreign currency and power. According to the National [...]NYSE Partially Reopens Trading Floor to Market Makers
The New York Stock Exchange (NYSE) is set to partially reopen its trading floor to some market makers, with effect from Wednesday, 17th June 2020. This comes after almost three [...]What will 2020 hold for Equity Group?
Ratings Agency Moody’s has picked Equity Bank as among the few financial institutions that have strong liquidity buffers and adequate liquidity assets which will aid in easing asset quality pressure [...]New Law to Compel Fund Managers To Provide More Disclosures
In an effort to restore investor confidence, the Capital Markets Authority (CMA) has published a new raft of rules that require fund managers to provide more disclosures. This follows legal [...]Centum Group Profit Grows to KSh7.38 Billion
Centum Investment released the audited financial results for the year ended 31 March 2020. The Group reported a growth in profit to KSh7.38 billion compared to KSh4.12 billion on 31 [...]
Private Equity, Venture Capital Firms to come under CMA Oversight
Private Equity firms and Venture Capitalists that have access to pension funds will soon come under the regulatory regime of the Capital Markets Authority (CMA). This is to ensure the [...]Lockdown Shrinks UK Economy by a Record 20% in April
The UK Economy shrunk by 20.4% in April as businesses closed due to the lockdown. This historic contraction will increase pressure on the government to launch stimulus programs to support [...]Starbucks to Close 400 Stores in North America
Starbucks has announced plans to permanently close 400 stores across the United States as the global coronavirus pandemic continues to cut into earnings. The closures will take place over the [...]
