Co-op Share Up 6.4% After Dividend Announcement
Co-operative bank of Kenya saw an end of day share price appreciation of 6.40% closing the day at Ksh. 13.30. This comes a day after the lender announced final dividend [...]
World Economy Faces Worst Recession Since the Great Depression IMF
The International Monetary Fund(IMF) says that as a result of the COVID 19 pandemic, the global economy is projected to enter into the worst recession since the Great Depression which [...]
OPEC+ Deal Removes Unnecessary Volatility in the Oil Market
In our global markets podcast this week we host our esteemed analysts; Gaurav Kashyap in Dubai and Mark Lee in London. The Chat as the week begins is on crude [...]
Stanbic Announces Early Repayment of KSh4Bn Bond
Stanbic Bank Kenya intends to redeem 100% of the Bank's existing Ksh4 billion Tier II outstanding notes maturing on 8th December 2021. The bond was issued in January 2015. As [...]OPEC+ Approves Biggest Ever Oil Cut, 9.7M BPD
After four days of negotiations, OPEC+ has approved the biggest ever oil cut by 9.7 million barrels per day. Oil producers will commence oil cuts on May 1, 2020, and [...]CDSC Admitted as Fourth Firm in CMA's Sandbox
Central Depository and Settlement Corporation (CDSC) has been admitted as the fourth firm in the Capital Markets Authority (CMA) regulatory sandbox. CDSC intends to test a screen-based Securities Lending and [...]OPEC and Russia Agree to Cut Oil Production by 10M BPD
OPEC and Russia have agreed to cut oil production by up to 10 million barrels per day effective May 1, 2020. However, oil prices recorded sharp declines after the announcement [...]Proposed tax to hit brokers in Stocks, Insurance, Tea Coffee Auctions
The Tax (Amendment) Bill 2020 proposal to introduce Value Added Tax (VAT) on brokerage services, continues to draw sharp reactions from dealers at the Nairobi Securities Exchange(NSE) as well as [...]US Unemployment Claims Continue to Soar
Global markets on Thursday made partial gains on sentiments that the COVID19 pandemic is nearing a peak and that governments across the globe would roll out more stimulus measures to [...]Carrefour Sales Hit KSh18.7 Billion
Retail chain, Carrefour, sales hit KSh18.7 billion from its Kenyan outlets for the period ended December 2019, signifying a 28% increase from KSh14.6 billion recorded in 2018. In its annual [...]Safaricom a Safer Bet in Market Turmoil
As businesses slow down and people's income declines due to the ongoing pandemic, most companies expect a drop in sales and therefore reduced revenues in 2020. Kenya's leading telecommunication company [...]
Standard Group Reports KSh 484 Million Loss
In 2019, Standard Group made a loss of KSh 484 Million compared to a profit of KSh 261.3 Million recorded in 2018. Its earnings were pushed down by low advertisement [...]
