Alibaba Stock Dips After Slow Growth Projections
Chinese E-commerce giant Alibaba's stock dipped 4% in today's trading at the Hong Kong Exchange after the company projected slower revenue growth. Alibaba forecasted 2020 sales will grow by 27.5% [...]
Nation Media Group Issues Profit Warning
Nation Media Group on Friday issued a profit warning citing dwindling advertising revenues due to the COVID19 pandemic as the reason behind the expected drop in profit. A cautionary statement [...]How to Improve Your Trading Skills
If you are at all serious about being a trader, there should be an ongoing process of improving your trading skills. While there are some outside factors that skill cannot [...]Turnover at NSE Hits 635.1 Million
A total of 22,477,700 shares in 949 deals, corresponding to a market value of KSh 635,.1 Million, were traded when the Nairobi Securities Exchange(NSE) closed on Friday. There was a [...]
FX Pesa Global Markets Report
The US stock markets on Thursday closed lower amid rising tensions between China and the US. The US also confirmed they were working on a bill that would sanction the [...]Citi Downgrades EABL Earnings Forecast
East African Breweries Limited on 15th May issued a profit warning indicating that its net profit for the year ending in June 2020 is expected to fall by approximately 25%. [...]
Safaricom's Revamped Mpesa for Business Offering is a Big Win for SMEs
Safaricom has launched a new feature for businesses that allows direct transactions from Mpesa business tills. The Mpesa for Business tool is an upgrade of the current Lipa NaMpesa, giving [...]Jubilee Holdings 2019 Net Earnings Drop to KSh 4 Billion
A rise in claims and negative returns from investment activities hit net earnings of Jubilee Holdings Limited resulting in a slight fall in net earnings from KSh 4.1 Billion to [...]ICEA Completes Takeover of Stanlib I-REIT
ICEA LION has completed the takeover of Stanlib I-REIT from Stanlib Kenya Limited effective 18 May 2020. In a joint statement, ICEA said it had reached an agreement to acquire [...]
Safaricom Biggest Mover as Market Turnover Declined to KSh 264 Million
Safaricom was the day’s biggest mover at the Nairobi Securities Exchange(NSE) with 3.7 Million shares valued at KSh108Million changing hands at between KSh 28.90 and KSh29.20. This accounted for 40.76% [...]Sameer Reports 15% Drop in Revenues to KSh1.76 Billion
Sameer Africa revenues reduced by 15 percent in 2019 to Ksh1.76 billion from Ksh2.07 billion reported in 2018. The board blames the closure of several retail outlets in Kenya and [...]South Africa Dominates List of Largest Companies in Africa
Prosus, is Africa's largest company by market capitalization by a big margin. Prosus, born out of the media conglomerate Naspers listing its international internet business, has a market cap of [...]
