Kenya's Stock Market Activity Up Ahead of Earnings Season
Kenya's stock market activity has gone up ahead of the earnings season. The anticipated release of end-year financial results by listed commercial banks continues to push up volumes, turnover and [...]
CMA Upgrades Surveillance System
The Capital Markets Authority(CMA) has upgraded its surveillance systems to keep up with the new Automated Trading System(ATS) on the Nairobi Securities Exchange trading floor and the CDSC system. The [...]CMA Licences Derivatives Trading Members
LISTEN TO ARTICLE The Capital Markets Authority (CMA) has released a list of 7 licensed derivatives markets trading members. The members are; AIB Capital, Faida Investment Bank Limited, Genghis Capital [...]
Kenya's Central Bank Introduces Mobile Based Bonds
LISTEN TO ARTICLE The Central Bank of Kenya (CBK) has announced the rollout of a mobile-based service designed to facilitate investment in government securities dubbed CBK-TMD. The Bank is pleased [...]Poor cash flow, bad weather hit businesses PMI
Overall activity levels contracted solidly at the start of this year, as firms reported that a lack of money at households led to slower demand. Matters were made worse by [...]Global Markets Extend Coronavirus Rebound
Global markets opened higher on Tuesday amid coronavirus scare rebounding to the positive territory after a week of poor performance. The Reserve Bank of Australia (RBA) kept rates unchanged at [...]CMA to Regulate Coffee Sales
The Capital Markets Authority (CMA) will start to regulate the sale of coffee at the Nairobi Coffee Exchange, a move that seeks to curb cartels in the sector. According to [...]
EABL Raises Stake in Serengeti to 75%
The East African Breweries Limited (EABL) has raised its stake in Tanzania's Serengeti Breweries from 51% to 74.5%, after buying additional shares at a cost of $3 million (KSh 300 [...]Depressed Activity at NSE as Rally Ends
Capital Markets Authority is working on a plan that will see more firms, especially those in the small and medium-sized sector, list on the Nairobi bourse. A depressed economy has [...]CMA Tightens Surveillance on Unit Trusts
LISTEN TO ARTICLE The Capital Markets Authority (CMA) has stepped up its surveillance on Unit Trusts, requiring more disclosures from them. The regulator wants information on where the money managers [...]Cost of Living Eases Slightly in January
The overall inflation in January 2020 stood at 5.78 percent, a slight drop from 5.82 percent in December, 2019. But even with this decline, the price of food and non-alcoholic [...]EABL HY Profits up 9% to Hit KSh7.2 Billion
East African Breweries Limited (EABL) profits after tax grew by 9%t to KSh7.2 billion for the half year ended 31st December 2019. The pretax profit grew by the same margin [...]
