IMF Money Boosts Kenya's Forex Reserves
Kenya's Forex reserves got a boost following receipt of Ksh78 billion ($739 million) from the IMF drawn under the Rapid Credit Facility (RCF). The funds are meant to help Kenya [...]
Tullow Oil Issues Notice of Force Majeure to Kenya's Ministry of Petroleum
Africa Oil Corp announced that Tullow Oil had submitted notices offorce majeureto the petroleum ministry. The notices, according toa news releasefrom Africa Oil Corp, are as a result of the [...]
Trading Activity at NSE Moves Up
Trading activity at the Nairobi Securities Exchange (NSE) on Friday moved up to 37 million shares with a market value of KSh 1.7 billion from 22 million shares with a [...]
COVID-19 disruptions trigger EABL's profit warning
East African Breweries Limited has issued a profit warning owing to what it terms as disruptions to its business across the region by the global coronavirus disease. The brewer becomes [...]KQ May Lose Up to 76% of Travel Market by December
Kenya's national carrier, Kenya Airways (KQ), may lose up to 76% of its passenger market by December 2020, owing to the coronavirus pandemic. This statement was made during a webinar [...]Moody's Issues Negative Rating to Kenya's Top Three Banks
Moody's rating agency has altered its assessment of KCB, Equity and Co-operative, Kenya's three largest retail banks' long term deposit ratings to negative from stable. This action follows Moody's recent [...]Global Markets Major Headlines
According to the Wallstreet Journal, the New York Stock Exchange (NYSE) said on Thursday it will reopen its trading floor in Lower Manhattan with reduced staff on May 26, as [...]T-Bill Auction Raises Ksh23.97B
CBK reveals that 91, 182, and 364-day T-Bill auctioned this week raised Ksh23.97 billion against an advertised Ksh24 billion representing 100 percent performance rate. The next T-bill auction will occur [...]Abraaj Kenya Advisers Dissolved
Abraaj Kenya Advisers Limited, part of The Abraaj Group- a private equity firm operating in six continents, has been dissolved. The company which folded its operations in Kenya late last [...]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 [...]
