Donald Trump's Trade War Sends African Equities Tumbling
African stock markets slumped this week as renewed global trade tensions, triggered by U.S. President Donald Trump’s sweeping new tariffs, roiled global financial markets. From Johannesburg to Casablanca, investors fled [...]
Trump Pauses Tariffs at 10% for 90 Days, Escalates Spat with China
US President Donald Trump announced a 90-day suspension of his seismic tariffs on Wednesday, offering temporary relief to trading partners while escalating pressure on China with a steep tariff hike. [...]
Kenya’s Pension Assets Quadruple in 12 Years, Hit KSh 2.25 Trillion in 2024
Kenya's pension assets under management (AUM) reached KSh 2.25 trillion in 2024, capping off a decade-long expansion of the retirement benefits sector, data from the Retirement Benefits Authority (RBA) shows. [...]CBK Cuts Base Rate to 10%, Bad Loans Highest in 2 Decades
The Central Bank of Kenya (CBK) has lowered its base lending rate to 10.00% — the lowest since May 2023, when it stood at 9.50%. Inflation rose slightly to 3.6% [...]Tight Supply Pushes Cooking Oil Prices Up, Poultry Meat Stable- FAO
The tightening supply of palm oils from producing regions and the strengthening of the Euro against the USD led to a surge in the prices of cooking oil and meat in [...]Kenya's Listed Insurers in 2024: Profits, Payouts Untapped Potential
The Kenyan insurance sector demonstrated resilience and growth in 2024, with listed companies showing varied performance across different metrics. This comprehensive analysis compares the financial results of all NSE-listed insurance [...]Sanlam Kenya Launches KSh 2.5 Billion Rights Issue to Fund Expansion, Repay Stanbic Loan
Listed financial services provider Sanlam Kenya Plc has announced a KSh 2.5 billion Rights Issue to strengthen its balance sheet, following a year of robust financial recovery. The capital raise comes as [...]Private Sector Ends Q1 with Growth in New Business Deals
Many companies have reported a significant growth in new business deals in March, but new hiring remains subdued, according to the latest Stanbic Bank Kenya PMI survey. “The March Kenya PMI [...]CDSC's Digitisation of Share Records Hits 79%
In just 18 months, Kenya has leapfrogged into the digital finance era, immobilizing 79% of all shares (81.2 billion) through CDSC's depository system a 57% surge since 2024. While giants like Safaricom and KenGen lead with 60% and 99% digital adoption respectively, stubborn paper trails remain (TotalEnergies: 89% physical). This silent revolution now delivers 48-hour dividends, fraud-proof trading, and positions Nairobi as Africa's next-gen financial hub, with CDSC racing to convert the final 21.4 billion paper shares.Foreign Investors Flock to Kenya's Stock Market Despite Global Markets Rout Over Tariffs
The global financial markets are reeling from the impact of steep and sweeping tariffs imposed by U.S. President Donald Trump on April 2nd, sparking a widespread sell-off in equities. Impact [...]
Jubilee Holdings Reports Record KSh 6.2 Billion Net Profit in 2024, Dividend up 12.5%
Jubilee Holdings has announced a historic Profit Before Tax (PBT) of KSh 6.2 billion for 2024, a significant increase from KSh 2.8 billion in 2023. Key Financial Highlights Metric 2024 2023 [...]KCB Group Overtakes Safaricom as Kenya’s Most Profitable Corporate
KCB Group has made history by overtaking Safaricom as Kenya’s most profitable corporate entity in group terms, posting a record profit after tax (PAT) of Ksh 61.8 billion in 2024. While Safaricom Kenya remains the most profitable company with Ksh 82.6 billion in PAT, losses from its Ethiopian operations dragged the group’s overall profit down to Ksh 42.7 billion. KCB’s strong performance was fueled by surging net interest income and higher operating income, marking a major shift in Kenya’s corporate profitability rankings. Is this the beginning of a new era in Kenya’s business landscape?
