Tesla Stock Hits an All-Time High after Model 3 China Sales Jump 205%
Tesla stock has hit a new record high, closing over $949 on Monday, in part on news that the company tripled its Model 3 sales in China in May following [...]
Global Economy Plunges into Worst Recession World Bank
With a projected contraction of 5.2% in the global GDP, the world bank says in its June 2020 Global Economic Prospects report that the pandemic will cause the deepest recession [...]
Kenya Shilling Gains Marginally Against International Currencies
Central Bank of Kenya weekly bulletin for the week ended June 5 shows that the Kenyan shilling made marginal gains against international currencies. The shilling exchanged at Ksh106.12 per US [...]
Global Analysts Bullish on Safaricom's Mpesa Growth Prospects
The global pandemic has adversely affected most companies throughout the world. The short term impact is evident in the financial results being published and company announcements. Nonetheless, analysts and investors [...]
CIC Group Appoints Patrick Nyaga as its New CEO
The Board of CIC Insurance Group has announced the appointment of Mr Patrick Nyaga as the Group Chief Executive Officer with effect from 22nd June, 2020. Mr Nyaga, who, has [...]
CBK Floats KSh 40 Billion Bond for Budget Support
The Central Bank of Kenya has re-opened bids for a five-year and a 10 year Treasury Bond worth KSh 40 Billion, proceeds that will be used for budgetary support. The [...]South African Firm Crosslists on Rwandan Bourse
South Africa's medical firm RH Bophelo has cross-listed on the Rwandan Stock Exchange (RSE). RH Bophelo becomes the 9th member and the first South African company on the Rwandan bourse [...]Eveready's Half Year Revenues Dipped 30% to KSh74.3M
Eveready sales revenue for the 6 months period ending 31 March 2020 declined by 30 percent to Ksh 74.3 million from Ksh 105.6 million recorded in a similar period in [...]Podcast; Pandemic Will Change Global Trade Dynamics
The COVID19 pandemic could potentially change the entire dynamic of global trade in the long run. Companies will revert to less stretched and interdependent global channels and turn closer to [...]SBM Bank Kenya Q1 2020 Net Profit Drops to KSh 63.6 Million
SBM Bank Kenya, a subsidiary of SBM Holdings Limited-based in Mauritius, saw its net earnings drop significantly in the first three months of this year to KSh 63.6 Million. This [...]East Africa Deals Hit KSh38.5 Billion by April
IM Burbidge Capital discloses that there has been 31 deals across East Africa as of April 2020 with a total disclosed deal value of KSh38.5 billion ($360 million). An increasing [...]WPP Scangroup Shareholders Approve Sale of Kantar Business
WPP Scangroup shareholders have voted to sell the firm’s business interests in Kantar across Africa.In a virtualvoting session held on Wednesday 27 May, 99.98% of shareholders voted for the sale [...]
