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 [...]
Mombasa Tea Auction Reopens for 2020
The weekly Mombasa tea auction has reopened for 2020, amid increasing demand for the commodity. During the first auction of 2020 conducted on 6th and 7th January, over 158,000 packages [...]
Kenya's Economy to Grow at 6% World Bank
The World Bank expects Kenya's economy to grow by 6% in the year 2020, up from 2019's estimated growth of 5.9%. This is thanks to accommodative monetary policy, such as [...]Nurucoin Scam Mastermind Isaac Muthui Sought by Regulator
Investigators attached to Capital Market Authority (CMA) are investigating a Ksh2.7B Nurucoin Isaac Muthui fraud case that defrauded 11,000 investors. According to the Standard, the regulator accuses Nurucoin director Isaac [...]
NSE Turnover Dips Due to System Failure
The Nairobi Securities Exchange (NSE) and the Central Depository and Settlement Corporation (CDSC) platforms suffered a breakdown in their link when the markets opened on Wednesday. While normal trading resumed [...]Former NSE CEO Mwebesa Appointed CDSC CEO
The Central Depository and Settlement Corporation announces the appointment of Nkoregamba Mwebesa as the new CEO effective February 10, 2020. Mr Mwebesa has over 25 years of experience in the [...]Kenya Shilling to Come Under Intense Pressure in 2020
Although the Kenya Shilling exchange rate against the US dollar and other hard currencies has exhibited relative stability since this year begun, this trend is likely to change. The [...]NSE Turnover Triples to KSh 640 Million
Market turnover rose to KSh 640.5 million from the previous session’s KSh 188.5 million, the number of shares traded stood at 18.6 million against 5.8 million shares traded yesterday. While [...]Banking Stocks Boost Trading at NSE
The Nairobi Securities Exchange (NSE) opened this week with a total of 5.8Million shares valued at KSh.188.5Million, against 4.28Million shares valued at KSh.171Million posted on January 3rd, 2020. The NSE [...]Troubled Tullow Dampens Kenya’s Goals of Exporting Oil
The UK oil firm, Tullow, tasked with exploring oil in Kenya's Turkana basin is facing hurdles that threaten to delay Kenya's dreams of commercial oil exports by 2022. The British [...]
Kenya's Stock Market Ranked Sub-Saharan Africa's Best Performer in the Past Decade
The Nairobi Securities Exchange (NSE) emerged as the best performing stock exchange market in Sub-Sahara Africa in the last decade beating its rivals, the Johannesburg Stock Exchange and the Nigerian [...]The State of Kenya's Online FX Trading and What to expect in 2020
In the last decade (2010 -2019), Kenya's online forex trading scene witnessed increased curiosity from the public looking for ways to make money online. However, innocent investors (traders) have lost [...]
