CMA Re-advertises Vacancy for Chief Executive Officer
The Capital Markets Authority (CMA) has re-advertised the vacancy of Chief Executive officer. The holder of the position is expected to serve for a 4-year term. The CEO position fell [...]
Weekly Deals Digest: First Issue
Starting this week, we will be introducing a new segment called the Kenyan Wallstreet Weekly Deals Digest. This segment will consist of a round up of major deals that happened [...]
Global Markets Weekly Report
Geopolitics US Democratic Party nominee Joe Biden recently unveiled California Senator Kamala Harris as his running mate for the November 3rd 2020 presidential election. Kamala Harris becomes the first black woman [...]
Kenya Stock Market Weekly Turnover drops to KSh 1.7 Billion
The Equity Market closed the week with 69Million shares valued at KSh1.68Billion against 130Million shares valued at KSh 2.9 Billion transacted the previous week. The list of top gainers at [...]
Tuskys Owes Suppliers KSh6.2 Billion in Debt
Tusker Mattresses Limited (Tuskys Supermarket) owes suppliers a total ofKSh6.2 billion, reiterating that it has reached an agreement to pay 40% of the amount (Sh2.4 billion) over two years. “Total [...]Turnover at NSE Rises to KSh 353 Million
Turnover at the Nairobi Securities Exchange(NSE) increased to KSh 352.98 Million with 16.62 Million shares transacted in 932 deals. This is compared to a turnover of KSh 198.2 Million on [...]Shilling Under Pressure Against US$ as CBK Intervenes
The Kenya Shilling has come under tremendous pressure against the greenback, prompting aggressive interventions from Central Bank of Kenya (CBK). . Analysts expect the local unit to lose more ground [...]Central Bank Raises KSh 18.6 Billion from Weekly Treasury Bill Auction
The Central Bank of Kenya(CBK) this week accepted bids worth KSh 18.6 Billion from the Treasury Bills Auction. This is out of KSh 24 Billion worth of Treasury bills that [...]Kenyans to Pay KSh 103.95 for Petrol as Fuel Prices Soar
Kenyan commuters will now pay Ksh 103.95 for a litre of petrol as fuel prices rise for the month of August. The latest Energy Petroleum regulatory Authority price review [...]Jumia Q2 Losses Fall by 44% to €37.6 million
Jumia Technologies AG yesterday announced results for the second quarter ended 30 June 2020. The company recorded an operating loss of €37.6 million, 44% down from €66.7 million at a similar period this [...]NSE Turnover Declines to KSh 266 Million
At the end of trading at the Nairobi Securities Exchange (NSE)yesterday, market turnover declined to KSh 266 Million. This is compared to KSh 355 Million when the bourse closed on [...]Gold ETF Provides Investors with Long Term Returns
The coronavirus pandemic has seen investors run to safe-haven assets such as Gold that has seen the price of gold increase 30 per cent since the start of the year [...]
