LeapFrog Africa to Acquire 24% Stake in ICEA Lion
ICEA Lion Insurance Holdings has entered a partnership with LeapFrog Strategic Africa Investment (LSAI), which will see LSAI acquire 24% shareholding in ICEA Lion. An announcement from ICEA Holdings Chairman [...]
Safaricom Picks Ilanna Darcy as New CFO
Safaricom has picked insider, Ilanna Darcy, as the new Chief Finance Officer (CFO) in an interim capacity effective July 1st, 2020. Darcy has been working at Safaricom since 2017 as [...]
Pandemic Boosts Online Forex Trading in Kenya
Equiti Group launched online forex trading operations in Kenya two years ago through local subsidiary EGM securities. The company has grown six-fold in terms of staff numbers, customers, and product [...]Diaspora Remittances Rebound in May to Hit Ksh27.4B
Diaspora remittances inflows recovered in May 2020 to hit Ksh27.369 billion (USD 258.2 million) from Ksh22.069 billion (USD 208.2 million) recorded in April. This was a Ksh5.3 billion or 24 [...]Global Markets Mixed as Virus Cases Surge
The US stock market on Friday closed the week on the red zone as the coronavirus outbreak in the country continued to worsen.At least eleven states have paused their reopening [...]
Stock Market Weekly Market Report
The Equity Market closed the week with 146 Million shares valued at KSh2.7Billion against 133Million shares valued at KSh3.2Billion transacted the previous week. The NSE 20 share index was down [...]
COVID-19 Delays the Nationalization of Kenya Airways
The schedule of nationalizing Kenya Airways(KQ), has been pushed by over two months, owing to disruptive effects of COVID-19 pandemic on the global aviation business. Parliament is expected to restart [...]Kenya's Central Bank Retains Key Rate at 7 Percent
Kenya's monetary policy committee retained the key lending rate at 7 percent during yesterday's meeting. The team said that mitigation measures deployed since March have been having the desired outcome. [...]NSE Turnover up 186% to KSh 1.1 Billion
At the end of Wednesday’s trading session on the Nairobi Securities Exchange (NSE), a total of 65,174,300 shares in 1,341 deals, corresponding to a market value of KSh 1,136,027,313.00, were [...]Kenya Shilling Holds Steady against Major Currencies
The Kenya Shilling held steady against major international and regional currencies during the week ending June 18, 2020. In the week, the shilling averaged KSh106.45 against the US Dollar, KSh134.20 [...]NSE Turnover Rises 83% to KSh936 Million
Trading on Friday, 19th June 2020, at the Nairobi Securities Exchange (NSE) saw an 83% increase in turnover to KSh936.86 million from Thursday's turnover of KSh512 million. Over 41.8 million [...]CMA Admits Two New Firms in Regulatory Sandbox
The Capital Markets Authority has welcomed Belrium Kenya and Pyypl Group Limited in its regulatory Sandbox. The entry of the two companies brings the number of firms in the Sandbox [...]
