Banks Dominate as Turnover at NSE Slides to KSh 439 Million
There was subdued activity at the Nairobi Securities Exchange(NSE) on Thursday's trading session, with Market turnover sliding to KSh. 439 Million from the previous session’s KSh. 630 Million. The number [...]
Kenya Power Preference Shareholders to Receive Dividends
Kenya Power has notified shareholders that the half-yearly dividends due on 30th June 2020 on the 4% and 7% cumulative preference shares will be paid to shareholders registered in the [...]
Global Markets News Headlines
US stock markets on Wednesday fell at the closing bell after Federal Reserve Chair Jerome Powell announced that the central bank is not considering turning to negative interest rates. He added [...]NSE Turnover Drops to KSh 630 Million
Market turnover at the Nairobi Securities Exchange(NSE) declined to KSh 630 Million when trading closed off yesterday. This is compared to KSh 1.6 Billion worth of trading recorded on Tuesday. [...]Vodacom Outperforms it Sub-Sahara Telco Peers
South African telecommunication company Vodacom has posted significantly better performance than its Sub Sahara Africa (SSA) peers during this coronavirus pandemic. In March, April, and May, Vodacom customers drastically increased [...]
CBK Seeks Ksh30B in May T-Bond Tap Sale
CBK has re-opened the 5-year budgetary support bond floated last week, this time seeking Ksh30 billion from investors after raising Ksh20 billion. The bond has a fixed coupon rate of [...]
IMF projects Kenya's GDP to grow at 0.8% in 2020
The International Monetary Fund (IMF) projects Kenya's economy to grow at the rate of 0.8 % in 2020 against National Treasury's estimate of 3%. This is 5 percentage points below [...]Podcast; Turkish Lira Under Pressure As Dollar Gains Ground
In our Global Markets Podcast this week, we were joined by Equiti Global analysts Gaurav Kashyap in Dubai and Mark Lee in London. There have been few major incidents in [...]How Safaricom Powers Different Value Chains in Kenya
This is 2020, a few years ago in its IPO prospectus document; Safaricom had 9.2 million subscribers as at the end of 2007. Fast word, the company now has 35 [...]
Weekly Money Market Report
The Treasury Bills auction received bids totalling KSh 15 billion against an advertised amount of KSh 24 Billion. This represents a performance rate of 62.6%. Treasury Bills have become a [...]Investment trends opportunities that could emerge from COVID-19
Kenyan firms engaged in ICT and e-commerce, pharmaceuticals, logistics and delivery as well as research and data analytics, top the list of beneficiaries those who will reap big from the [...]Bamburi Cement Net Earnings Fall to KSh359 Million
Bamburi Cement posted a drop in net profit in 2019 to KSh 359 Million from KSh 572 Million net profit booked in 2018. The manufacturer suspended its operations in Rwanda [...]
