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 [...]Kenya's Central Bank Lowers Key Policy Rate to 8.25%
Central Bank of Kenya's Monetary Policy Committee (MPC), top policy organ has lowered the Central Bank Rate (CBR) from 8.50 to 8.25. The last time it lowered this key rate [...]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 [...]
