Kenya's Capital Markets Industry Moves To Mitigate Effects of COVID-19
The capital markets industry stakeholders have unveiled a raft of measures designed to ensure business continuity and manage effects of COVID 19 pandemic. Top on the list is to ensure [...]
Regulator Warns Against Unlicensed FX Brokers
While COVID 19 has had a negative impact on the global financial markets, there are those who see a silver lining. Anyone watching the news over the last few weeks [...]Britam Reports KSh 3.3 billion profit from loss territory
British American Insurance Company (BRITAM), a leading insurance underwriter, made a profit of KSh 3.5 Billion from a loss of KSh 2.2 Billion at the end of the financial year [...]Absa Gold ETF Hits all-time High Market Turnover at NSE
Latest data from the Nairobi Securities Exchange reveals that the New Gold ETF achieved an all-time high turnover of Ksh66 million on Monday 30 March. The overall turnover in the [...]
Kenya's Forex Reserves Continue to Decline
CBK weekly bulletin for the week ending Friday 27 March reveals that Kenya forex reserve continued to decline standing at USD 7,965 million (4.84 months of import cover) as at [...]Podcast; Global Markets Show First Sign of Stability
Today's podcast comes on the back of uncertainty in the global markets. Equiti global analyst Gaurav Kashyap in Dubai and Mark Lee in London take us through their weekly outlook. [...]EPZs to Sell All Products Locally
The National Treasury has allowed Export Processing Zones (EPZs) to sell 100% of their produce in the local market, albeit temporarily, countering the earlier law that restricted them to only [...]
Kenya Passes New Law To Protect Minority Shareholders From Hostile Takeover
Minority shareholders in firms registered in Kenya can breathe a sigh of relief following the signing into law of the Business Laws (Amendment) Bill, 2019. The Amendment act lifts the [...]Kenya Reinsurance Posts KSh 3.9 Billion Net Profit
Kenya Reinsurance Corporation Limited (Kenya Re) posted a net profit of KSh 3.9 billion in 2019 compared to KSh 2.3 billion in 2018, pushed up by gross premiums underwritten which [...]NSE Net Profit Falls 58%, Board Expects More Volatility
A significant decline in trading activities at the Nairobi Securities Exchange (NSE) in 2019 pushed down its full-year net earnings to KSh 80.2 Million compared to KSh 190.7 Million earned [...]World Bank and IMF Call On Suspension of Debt Payments from Poorest Countries
The World Bank Group (WBG) and the International Monetary Fund have issued a joint statement to bilateral creditors requesting debt relief for the poorest countries. The financial institutions called on [...]CMA Relaxes Disclosure Obligations
The Capital Markets Authority has relaxed disclosure obligations for companies trading on the Nairobi Securities Exchange. Listed firms will no longer have to publish their financial resultsin two newspapers of [...]
