Kenyan Market Decade Analysis
Safaricom is closing the decade with its share price hitting an all-time high of KES 32 and a market capitalization of KES 1.27T. Safaricom was trading at KES 3 at [...]
2019 in Review: 17 Companies Issued Profit Warnings
2019 marked another year where local and international businesses in the Kenyan market struggled financially as evident in the number of profit warnings. A total of 17 companies of the [...]
2010 2019; SOUR DEALS OF THE DECADE
2010 AIRTEL ACQUISITION OF ZAIN KENYA Bharti Airtel acquired Zain Africa’s operations in 15 countries including Kenya for US$10.7 billion. Airtel Kenya’s accumulated losses since then stand at KES 68.09bn. [...]
Kenyan firm Octagon Buys 49% Stake in Alexander Forbes Zambia
Nairobi headquartered Pension manager Octagon Africa has purchased 49 per cent stake in Alexander Forbes financial services Zambia for an undisclosed amount. Alexander Forbes Group had earlier in March 2019 [...]
Barclays Futures Begin Trading at The Nairobi Derivatives Market
Derivatives traders are now able to buy and sell Barclays Bank Futures on the Nairobi Derivatives Market (NEXT). Investors will put in a minimum of KSh1,800 as the initial margin [...]
West African Countries to Move from French CFA Currency to Eco by 2020
Eight West African countries have agreed to stop using the CFA Franc, renaming the currency to Eco. The Monetary Union of West Africa (UEMOA) will also reduce financial ties with [...]Kenya Shilling Strengthens Ahead of Christmas
When the forex market opened today, the Central Bank of Kenya(CBK) quoted the local unit exchanging at a mean rate of KSh 100.7118 to the US Dollar, while buying the [...]
Real People Kenya Gets Third CEO in 2 Years
Troubled Microfinance institution, Real People has appointed the third CEO in two years time. The company linked to South Africa's Real People has named Dr. Robert Lukhanda Shibutse as the [...]Interview; Paul Muthaura's Tenure as CMA Boss Comes to an end
The board of the Capital Markets Authority (CMA) in September announced it had begun the process of identifying a suitable candidate to succeed Mr. Paul Muthaura who opted not to [...]Banks main drivers of activity at NSE
The Banking Sector had shares worth KSh.265.9Million transacted which accounted for 54.86per cent of Thursday’s traded value. Equity Group Holdings had 2.8M shares valued at KSh.150M at between KSh.52.00 and [...]Mumias and Deacons' Share Suspension Extended
Shares of Mumias Sugar Company will not trade at the Nairobi Securities Exchange until March 2020 after the NSE trading suspension was extended by three months with effect from 27th [...]State to Survey the Trillion Shillings Co-operatives Sector
It will soon be possible to establish what acreage and value of land is owned by all co-operative societies in Kenya. The state will also be able to quantify the [...]
