Kenya Airways Resumes Trading at the NSE After Five Years
Trading of shares in the listed national carrier Kenya Airways (KQ) on the Nairobi Securities Exchange (NSE) resumed on Monday morning after the markets regulator lifted a five-year freeze. “The [...]
Rights Issues Shape the NSE in 2024 as IPO Drought Continues
The 2024 equities market was marked by four rights issues with initial public offerings (IPOs) extending an almost decade long drought at the Nairobi Securities Exchange (NSE). A rights issue [...]Allianz to Increase Stake in Sanlam Kenya
Allianz Europe BV, part of the Allianz Group, a global leader in insurance and asset management, has announced its intent to increase its indirect shareholding in Sanlam Kenya Plc from [...]
HF Group Rights Issue Oversubscribed by 38.32%
Leading financial solutions provider in Kenya HF Group Plc has concluded its Rights Issue after achieving a subscription rate of 138.32%. The capital raise attracted applications worth KES 6.38 billion [...]TotalEnergies Kenya Issues Profit Warning on Higher Finance Costs
TotalEnergies Marketing Kenya has issued a profit warning for the full year ending 31st December 2024 citing higher finance costs owing to the elevated interest rates. “The Board of Directors [...]Safaricom Extends Mobile Money Dominance as M-Pesa Subscribers Hit 34 million
Partnerships with APIs such as the Daraja platform have enabled Safaricom's M-Pesa to broaden its integration range with Point-of-Sale (POS) systems, websites, and mobile apps, driving the number of subscribers [...]Bitcoin Hits $100,000, Achieves $2 Trillion Market Cap
Bitcoin has reached the historic milestone of $100,000 per coin, propelling its total market capitalization past $2 trillion. This firmly places Bitcoin alongside gold and tech giants like Apple and [...]Savannah Clinker Withdraws Bamburi Cement Takeover Bid
Savannah Clinker Limited has withdrawn its competing offer to acquire listed cement manufacturer Bamburi Cement Plc, the Capital Markets Authority (CMA) announced on December 4, 2024. To facilitate reconciliation, the [...]Relief for Banks as Parliament Proposes Extending Core Capital Hike to 8 years
The National Assembly's Finance and Planning Committee has proposed to extend the period that commercial banks will raise their core capital to at least KSh 10 billion from three to [...]Nigeria Raises US$2.2 Bn as Eurobond Oversubscribed by 300%
Nigeria has raised US$2.2 billion in its latest Eurobond auction, attracting over 300% in demand to finance its growing fiscal deficit, amid renewed investor confidence. “The transaction attracted a peak [...]Safaricom Ethiopia Decries Unfair Competition'
Top executives of Safaricom Ethiopia told Ethiopian law makers over a week ago that they were unhappy about monopolistic' practices of their competitor, Ethio Telecom; requesting the government to equalize [...]Bamburi Cement Owner Holcim Sells Nigerian Unit for US $1bn
Holcim AG, a Swiss building materials company and the majority shareholder in Bamburi Cement, has signed an agreement to sell its entire Nigerian business to Chinese firm Huaxin Cement for [...]
