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 [...]
NSE Turnover Down as Banks Dominate Activity
Market turnover retreated to KSh407 million on Wednesday from the previous session’s KSh1.2 billion. The number of shares traded stood at 13.8 million against 34 million posted on Tuesday. The [...]Sasini Group Makes KSh 337.7 Million Net Loss
Listed firm Sasini Group posted a net loss of KSh 337.7 Million for the financial year ended 31st September 2019. This is compared to a net profit of KSh 293.5 [...]Treasury Bills Undersubscribed After Rate Cap Repeal
The subscription of Treasury bills fell from 55.3% to 53.5% as liquidity tightens. The slow uptake of short-term debt instruments is also because banks are looking to lend to the [...]
Safaricom Shares Boost Activity at the NSE
Boosted by the sale of Safaricom shares, turnover soared to KSh.1.29Bn from the previous session’s KSh.384M, the number of shares traded stood at 34M against 10.5M posted this Monday. Safaricom [...]Cost of Goods Rises as East Africa Faces Region-Wide Inflation
East Africa member countries face rising inflation as the year comes to an end. Kenya, Uganda, Tanzania and Rwanda saw prices of goods rise in November, as the festive season [...]Short Trading Week Hurts NSE
At the Nairobi bourse, a short trading week impacted negatively on the bourse, pulling down its performance. Total shares traded and the number of deals decreased by 27.4% and 32.6%, respectively. [...]NSE Issues Profit Warning
The Nairobi Securities Exchange (NSE) has joined a long list of listed firms that have issued a profit warning as a slowing economy hits the performance of many firms. The [...]Curb on foreign travel, remittances boost Shilling strength
The Kenyan shilling has held steady against the US dollar over the past one week due to a combination of an easing in the monetary policy stance and increased forex [...]Safaricom in 2020; Countrywide 4G Coverage by July, New Products around Mpesa, Ethiopia Expansion
In a recent interview with Safaricom's interim CEO Michael Joseph, Global Investment Bank and Financial Services Citi revealed that the telco expects to have countrywide 4G coverage by July 2020 [...]
Banking Stocks Dominate Trading at NSE
The Banking Sector dominated the trading at the Nairobi Securities Exchange (NSE). This comes after it had shares worth KSh464 million transacted. This, therefore, accounted for 41.31% of the traded [...]Pending Bills Depress Business Activity
A huge portfolio of pending bills owed to suppliers by both the State and County Governments continue to depress the outlook of many firms in 2020. The future output sub-index [...]
