Co-operative Bank Profits Increase by 4.4% to KSh 19.2 bn
The Co-operative Bank posted KSh 19.21 billion in the 9 months to September, a 4.4% uptick from KSh 18.4 billion recorded in the same period a year earlier. Total assets [...]
Bancassurance Faces Headwinds as Claims Surge by 140%-AKI
Kenya’s bancassurance sector is facing profitability pressure from claims which have surged from Ksh6.6 billion in 2019 to Ksh14 billion last year. “This trend raises concerns about underwriting practices and [...]Treasury Bill Rates Decline Further to 2023 Levels
Interest rates on Treasury bills have declined to levels last seen in August 2023, all below 14%, amid the Central Bank of Kenya’s resolve to begin the easing cycle in [...]Capital Markets Authority Approves Six New Funds
The Capital Markets Authority (CMA) says it has approved six new funds from licensed asset management firms, enhancing investment options for sophisticated and high net-worth investors. After the Capital Markets [...]
Kenyan Shilling Weakens Slightly as Dollar Rally Continues
The Kenyan Shilling weakened slightly against a stronger US Dollar on Thursday as demand for the foreign currency increased globally following President Trump’s victory last week. “Because of the dollar [...]Morgan Stanley Adds Kenya Power, Two More Firms to Key Global Index
Morgan Stanley Capital International (MSCI) has added Bamburi Cement, Kenya Power and Carbacid Investments to the Frontier Markets Small Cap Index, increasing the companies’ visibility to global investors. The addition [...]Safaricom Welcomes Partnership with Starlink, Other Satellite Internet Firms
The largest telco in Kenya, Safaricom, still believes that the fixed internet networks it provides remains unmatched in Kenya regarding satellite internet as a ‘complementary’ service. “Satellite internet complements [...]“Our Share Price is Undervalued by 50% -Safaricom CEO
The Nairobi Securities Exchange (NSE) has been bullish for the better part of 2024, gaining 24.9% year to date benefitting mainly from gains in the banking, energy and construction sectors. [...]Safaricom CEO Peter Ndegwa on Ethiopia, Stock Price, New Products and Starlink Partnership
In this episode, our co-founder Eric Asuma sits down with Safaricom CEO Peter Ndegwa to discuss the company’s recent half-year financial results and the impact of Ethiopia's recent currency devaluation [...]Kenya’s Forex Reserves Surge to 3-Year High amid Shilling’s Stability
Kenya’s forex reserves have grown by US$1.97 billion in the last ten weeks with the Central Bank of Kenya (CBK) buying excess dollars amid increased supply of the greenback. We [...]Safaricom’s Pochi la Biashara's Usage Doubles Amid Reversal Fears
The number of Pochi la Biashara tills more than doubled in the 6 months to September, to 869,020 from 405,200 as of September last year. The ‘no reversals without consent’ [...]Safaricom's Profits Dip By 18% on Ethiopia’s Currency Depreciation
Safaricom Plc's half year profits declined 17.7% to KSh 28.1 billion from KSh 34.1 billion on account of the 106% depreciation of the Ethiopian Birr. “Despite the impact of foreign [...]
