NSE Market Report 07/05/2020
Turnover at the Nairobi Securities Exchange on Thursday's trading declined from KSh 1.6 billion to KSh 1 billion while the number of shares traded also declined by nearly half to [...]
IMF Approves $739M Disbursement to Kenya
The Executive Board of the IMF has approved Ksh78 billion ($739 million) drawn under the Rapid Credit Facility (RCF) to help meet Kenya's urgent balance of payments needs. A statement [...]
Best Ways to Get a Good Online Forex Broker
A CFD broker is essential for a trader if he wants to begin his trading career. A forex broker provides his clients with many beneficial tools that may help an [...]
Kenya to Suffer the Biggest Slump in Economic Growth in the EA Region Citi
The East African region is set to experience a slowdown in economic growth in 2020, given the restrictive measures governments have imposed to limit the spread of covid19 and the [...]
Kenya Seeks Suspension of Debt Payments
Kenya is seeking debt-relief options with lenders as the state seeks more money to deal with the negative impacts of the COVID-19 pandemic. According to Treasury Principal Secretary, Julius Muia, [...]Podcast; Key Takeaways from The World Bank Kenya Economic Update
In the recently released Kenya Economic Update, the World Bank reported that Kenya’s Gross Domestic Product growth rate will shrink to 1.5 percent. In this podcast, our resident economist, Prince [...]
Tea Auction Records Decline in Prices
The weekly Mombasa Tea Auction held on the 27th and 28th April, 2020 recorded 12.3 million kilograms of tea offered for sale, compared to 10 million kilograms for the same [...]Banks Dominate Trading Activity at NSE
The Banking sector continued to dominate activity at the NSE in the past week that ended on 30th April 2020. The sector had shares worth KSh 775 Million transacted, which [...]Samsung, Huawei Take Massive hit from COVID-19
Sales of Samsung and Huawei smartphones suffered the heaviest declines in the first quarter of this year as the devastating impact of COVID-19 hit consumption and production of global smart [...]Nairobi Residential Real Estate Covid-19 update
The WHO characterized Covid-19 as a pandemic on March 11th, becoming the first pandemic to be caused by a coronavirus. The Kenyan Ministry of Health confirmed the first case in [...]
High Court Permits WPP-Scangroup to Hold an EGM
The High Court of Kenya has permitted WPP-Scangroup to hold an extraordinary general meeting at a time when most companies are shunning their annual general meetings (AGM) due to government [...]Flame Tree posts Net Earnings of KSh 44.9 Million
Kenyan listed manufacturing group Flame Tree Group Holdings recorded a profit of KSh 44.94 Million at the close of the financial year ended 31st December 2019. This is compared to [...]
