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 [...]Global Markets Brief
Salesforce Stock Surge on Strong Earnings Salesforce Inc shares rose by as much as 25% on Wednesday to hit an all-time high of 277.90 per share following positive earnings growth [...]
WorldRemit Eyes $500M Sendwave Acquisition in Q4 2020
WorldRemit is planning to acquire Africa centric remittance platform Sendwave for a cash and stock deal worth over $500 million. The deal is expected to close in 2020 Q4, subject [...]Kenya Running Out of Time to Ink Post-Brexit Trade Deal as Deadline Inches Closer
Kenya is running out of time to sign a UK post-Brexit trade deal, as the December 31 deadline approaches. The country has four months until the current trade agreement lapses, [...]South Sudanese Pound Declines as Country Depletes Foreign Currency Reserves
The Central Bank of South Sudan is unable to control the devaluation of the South Sudanese Pound after the regulator depleted its foreign currency reserves. Experts warn that the country [...]GenAfrica Asset Managers Posts KSh76.1 Million Net Profit
GenAfrica Asset Managers has recorded a net profit of KSh76.1 million at the end of H1, 2020. This is compared to KSh 68.9 Million realized during the previous period in [...]
Banks Dominate NSE as Weekly Turnover Hits KSh1.9 Billion
The banking sector dominated this week's trading activities at the Nairobi Securities Exchange(NSE) as mixed half-year earnings continued to push the bourse into a bearish mood. This segment transacted a [...]ICEA Lion Asset Management's Half-year Net Earnings Rise to KSh 62.7 Million
ICEA Lion Asset Management Limited(ILAM) has registered a Net Profit of KSh 62.7 Million at the end of the first six months of this year. This is compared to KSh [...]Zimbabwe Stock Exchange Declines 21% Since Resumption of Operations
Zimbabwe Stock Exchange has dipped 21 per cent since reopening two weeks ago, the latest data release reveals. ZSE blames foreign investor flight for the slump with Bloomberg reporting that [...]Tower Company IHS Plans Africa's Biggest IPO in U.S Listing
Tower Company IHS Holding Limited announced that it is exploring a potential registered IPO in the U.S. The deal will kick off after review by the U.S. Securities and Exchange [...]Daily Global Markets Update
US Markets The SP 500, an index that measures the stock performance of 500 large companies listed on stock exchanges in the United States hit an all-time high of 3,395.06 [...]
