NSE Hits 3-Year High as Investor Confidence Defies Unrest
Against the backdrop of nationwide protests marking the anniversary of last year’s tax unrest, the Nairobi Securities Exchange delivered a standout performance on Tuesday. Foreign investor confidence faltered, with net [...]
Equity Group to Become First Kenyan Bank to Set Up UAE Office
Shareholders of Equity Group Holdings Plc, on Wednesday, June 25th, approved a plan to open a Representative Office in the United Arab Emirates (UAE). “The UAE office is a strategic [...]Euro Surpasses KSh 150 on Global Rally; Pound Strengthens, Dollar Steady
The euro climbed to KSh 150.20 on June 25, 2025—its highest level against the Kenyan shilling in over 15 months—according to data from the Central Bank of Kenya. A Global Currency [...]TransCentury, East African Cables Shares Suspended; NCBA Share Price Hits Decade-High
The Nairobi Securities Exchange (NSE) has indefinitely suspended trading in TransCentury Plc (NSE:TCL) and East African Cables Plc (NSE:CABL) shares, effective June 23, 2025. With receivers now back in control [...]Umeme to Pay Record Dividend as Arbitration Battle Looms
Umeme Limited, Uganda’s former electricity distribution monopoly, has set markets alight with the declaration of a record Ushs 222 interim, equivalent to approximately KSh 7.96, for FY2025— the largest in [...]Naspers, Africa’s Top Stock, Posts $12.3Bn Profit on Tencent Gains
Naspers, Africa’s largest publicly listed company by market capitalization, has posted Profit After Tax (PAT) of US$12.26 billion—surpassing revenue of US$7.18 billion-for the fiscal year ended 31 March 2025. These [...]Equity Bank Targets EA Cables Amidst TransCentury's Turnaround
TransCentury Plc, a listed infrastructure investment group has recently reported its first annual net profit since 2013, marking a turnaround amidst ongoing legal battles with Equity Bank over its subsidiary, [...]
Umeme Shares Sink 25% as Concession Dispute Clouds Investor Sentiment
Umeme Limited, formerly Uganda’s largest electricity distribution company and a cross-listed entity on both the Uganda Securities Exchange (USE) and the Nairobi Securities Exchange (NSE), has seen its stock drop [...]Safaricom Stock: CFO Speaks On What's Fueling Investor Confidence
Safaricom's stock has recently experienced bullish activity, briefly crossing a market capitalization of one trillion shillings. According to the company's CFO Dilip Pal, the surge in investor confidence is attributed [...]Umeme's FY2024 Loss Marks Turbulent End to 20-Year Electricity Concession
Umeme Limited closed FY2024 with a Ushs 511 Billion net loss, reversing a Ushs 11 million profit from the previous year. The loss coincided with the end of its 20-year [...]Investor Wealth on the NSE Up KSh 180Bn, Safaricom Briefly Crosses KSh 1Trillion
The Nairobi Securities Exchange (NSE) is on a record-breaking run with all major indices now posting double-digit returns so far in 2025. The rally is broad-based. Returns on all equities [...]T-Bill Yields Drop Sharply After CBK Rate Cut, Appetite Shifts to Reopened Bonds
Treasury Bill (T-bill) yields have accelerated their drop in the latest Central Bank of Kenya auction, sinking to their lowest levels since June 2022. Investor behavior in the most recent [...]
