NCBA Investment Arm Sees Banking Stocks Dominate Activity at NSE
The Banking Sector had shares worth KSh1.2 billion transacted which accounted for 42.62% of last week’s (20-24 January 2020) traded value. Equity Group Holdings actively moved 10.8 million shares, valued [...]
Tesla Hits $100 Billion Valuation Mark
Tesla has crossed the $100 billion stock market evaluation, becoming the first US car manufacturing company to hit the mark. This comes as a great sign even as the company's [...]
Kenya's Acorn Green Bond Starts Trading at LSE
Kenya's first green bond issued by Acorn has today started trading at the London Stock Exchange (LSE), following its official launch by President Uhuru Kenyatta. The bond, therefore, becomes the [...]SBG Securities Maintains Buy Recommendation on Safaricom
SBG Securities expects growth in Safaricom's service revenues, EBIT and earnings per share owing to digitization and business process engineering. Moreover, the Stanbic Stockbroker maintains a buy recommendation for Safaricom [...]Ghana Charges Top Banking Executives For Banking Crimes
Ghana is charging former executives of two insolvent banks for alleged crimes that contributed to the country's banking crisis. Former Beige Bank Ltd CEO Michael Nyinaku and UT Bank Founder [...]Treasury Seeks KSh 50 billion From Local Investors
Treasury has aggressively entered the local market, seeking KSh50 billion to settle commercial debts that are soon maturing. Analysts maintain that the 10-year and 5-year bonds will be oversubscribed. “While [...]U.S. and China Trade War Ends with New deal
The U.S. and China have signed the first phase of a broader trade pact amid persistent questions over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing [...]Longhorn Appoints Michael Mwaura as CFO
Longhorn publishers appointed Mr Michael Mwaura as the Chief Finance and Operations Officer, with effect from 1st January 2020. Mr Mwaura previously worked with PriceWaterhouseCoopers (PwC) in Kenya, Tanzania and [...]Sasini Trims Workforce, Cites Increased Wage Claims
Sasini Group has slashed its workforce by 240 workers citing an increase in wage claims that have sunk the firm deep into loss and debt. The firm recorded a net [...]One-Year Treasury Bills Oversubscribed
LISTEN TO ARTICLE Investors have oversubscribed to the one-year treasury bills issued by Central Bank, with CBK receiving bids totaling to KSh39.77 billion. This, therefore, saw CBK to take KSh36.8 [...]Acorn Green Bond Starts Trading on NSE
LISTEN TO ARTICLE Acorn Holdings has listed by introduction its Ksh4.3B green bond on the Nairobi Securities Exchange becoming the first green bond to list in East and Central Africa. [...]
Activity ups at NSE as holiday season ends
Investors, who had taken a break for end-year festivities, are slowing trooping back to the bourse. Many are already taking positions as the end of year earnings season when firms [...]
