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 [...]
Markets Regulator to take over Nairobi Coffee Exchange in April 2021
Capital Markets Authority(CMA) is in the process of taking over and fully automating all marketing and auction processes at the Nairobi Coffee Exchange(NCE). The spot market should be in place [...]
Safaricom's Market Cap Dominance at NSE Rises to 56%
Listed telecom firm Safaricom has maintained its dominance of activity at the Nairobi Securities Exchange (NSE) with its shares accounting for between 50% and 56% of the KSh 2 trillion [...]Kenya Bets on Tech, New Listing Laws to End IPO Drought
The Capital Markets Authority(CMA) says it has put in place measures to ensure the market remains stable and resilient against the disruptive effects of the global coronavirus pandemic. We are [...]Airtel to Keep Growing Despite Cancelled Merger Plans Citi Analysts
Airtel Kenya and Telkom Kenya recently called off the proposed merger of the two companies which began in February 2019. Their union would have provided cost efficiencies and grown the [...]
The new ‘Gold rush’ and why investors should take advantage
The gold rush is associated with a time when thousands of miners sought to make gains fast upon discovery of new mines. The interest would then spread across continents through [...]
Sale of Subsidiary Boosts WPP Scangroup Half Year Profit to Ksh 1.58Bn
WPP Scan group profits for the half-year ended June 30, 2020, rose to Ksh1.583 billion compared to a Ksh249.85 million recorded in a similar period last year. The massive jump [...]Trump's Executive Orders ban Transactions with TikTok and Wechat Owners in 45 Days
US President Donald Trump signed two executive orders banning US transactions between the US and TikTok owner Bytedance and WeChat owner Tencent. The orders, which take effect in 45 days, [...]Kenya Stock Market Investors hedge on Gold ETF as panic hits Equities
Foreigner investors continue to be net sellers at the Nairobi Securities Exchange (NSE) as the coronavirus pandemic spreads panic in global equity markets. At the close of trading on Thursday, [...]Amazon Signs Cloud Service Deal with Bharti Airtel
Amazon has signed a deal with Bharti Airtel to sell Amazon Web Services (AWS) to small and medium businesses in India through Airtel Cloud. The new partnership will help Amazon [...]Microsoft Expects TikTok Acquisition Discussions to End by September 2020
Microsoft has confirmed that it is still engaging with ByteDance to acquire TikTok's assets in the United States. Microsoft CEO Satya Nadella says that they will pursue discussion in a [...]Kenya's Benchmark Stock Market Index Hits 17 Year Low
Trading on Monday at the Nairobi Securities Exchange saw a turnover of Ksh 991.31 million in 1,165 deals. A total of 39.68 million shares were traded. Top mover of the [...]
