Safaricom Revives Talks with Starlink as Competition Heats Up
Safaricom PLC has confirmed it is in talks with Elon Musk’s Starlink and other satellite companies, as competition heats up in its home market where it enjoys a dominant position [...]
Gov't Seeks KSh 30bn from Reopened Bonds in October Sale
The Central Bank of Kenya (CBK) is seeking to raise KSh30 billion from two reopened bonds for budgetary support in October sale. The bonds will be listed on the NSE’s [...]US Fed Interest Rate Cuts Weighs on Dollar, Gold Stable as Oil Edges Lower
The US Dollar, as measured by the DXY Index, extended losses on Thursday to trade below the 101 mark, amid expectations that the Fed will deliver more interest cuts in [...]Bamburi Cement's Share Price Dips 29% After Book Closure
Bamburi Cement's (Ticker: BAMB) share price has dipped 28.6% in just two days at the Nairobi Securities Exchange (Ticker: NSE), shedding KSh22.3. Book closure date is the day by which [...]NSE, UK's MOBILIST Partner to Drive New Listings
The Nairobi Securities Exchange (Ticker: NSE) has entered into a partnership with UK government programme MOBILIST to drive the listing of new investment products in the Kenyan market. “The strategic [...]Capital Markets Tribunal Greenlights Investigation into Kakuzi PLC's Financial Dealings
The Capital Markets Tribunal has rejected a bid by Kakuzi PLC (Ticker: KUKZ) and its directors to bar the Capital Markets Authority (CMA) from investigating the listed agricultural company's financial [...]Kenyan Shilling Stable on Dollar Inflows
The Kenyan Shilling gained ground in the previous week against a weaker dollar, with the U.S. Federal Reserve's 50 basis points rate cut. On the international front, yields on Kenya’s [...]Acorn Holdings Bond to Delist from the NSE
Acorn Holdings, listed under the Fixed Income Securities Market Segment of the Nairobi Securities Exchange (NSE), is set to delist from the bourse after it opted for an early redemption [...]Why US Fed's 0.5% Interest Rate Cut Matters to Markets like Kenya
The US Federal Reserve has cut rates by 0.50% the first cut in four years to the range of 4.75% to 5.00%, marking the beginning of an era [...]IMF Concludes 6-day Staff Visit to Kenya
The International Monetary Fund (IMF) has concluded a six-day staff visit to Kenya led by Haimanot Teferra, where it held discussions on recent developments and their policies to manage the [...]US Inflation Slows to 3-Year Low in August Ahead of Fed Meeting
Inflation in the United States (US) softened in August, raising hopes of a gradual rate cut of 25 basis points during the US Federal Reserve next meeting on September 18th, [...]Nigerian Fintech Rise Finalizes Acquisition of Kenyan Startup Hisa
Rise, a Nigerian global investments startup, has completed its second acquisition in under one year after taking over Hisa, a Kenyan startup that facilitates stock trading. This acquisition aligns perfectly [...]
