Global Investment Research Firm MSCI Upgrades Co-op Bank, Four Others, to Frontier Markets Indices
The Morgan Stanley Capital International (MSCI), the premier global investment research firm, has promoted Co-operative Bank of Kenya (CO-OP) to the MSCI Frontier market Index (FM), and four other stocks [...]
Sasini Issues Profit Warning on Higher Costs
Sasini PLC, a publicly listed agricultural company, has issued a profit warning for the full year ending 30th September 2024, citing higher production costs, depressed commodity prices and supply chain disruptions. [...]VIDEO: Why Were Global Stock Markets So Turbulent Last Week?
Last week, global stock markets experienced significant volatility, leaving many investors on edge. The turbulence was particularly evident in Japanese equities, which lost $1.1 trillion in value within just three [...]
Uganda Mulls Listing Power Companies as Umeme's Concession Nears End
Uganda is considering listing power companies to enable them access more capital, seeking to emulate the success of listed Kenyan power generation company KENGEN. We are thinking about letting you [...]Kenyan Exchange to Offer Digital Assets in Partnership with Canadian Fintech Valour Inc
The Nairobi Securities Exchange (NSE) has signed a Memorandum of Understanding (MOU) with Valour Inc., a subsidiary of Canadian listed firm DeFi Technologies Inc., and SovFi Inc, to introduce digital [...]Loss-Making Home Afrika Loses Key Subsidiary
Home Afrika, a publicly listed real estate developer, has confirmed that its main subsidiary, Mitini Scapes Development Limited, has been placed under administration due to prolonged financial challenges. In a [...]Central Bank Lowers Interest Rate for the First Time in Four Years
The Central Bank of Kenya (CBK) cut its benchmark lending rate by 25 basis points to 12.75 percent, reducing the cost of loans for the first time in four years. [...]Centum Extends 66.5 Million Share Buyback
Centum Investment Plc has announced an extension to the share buyback programme that commenced on 6th February 2023 for the purchase of up to 10 per cent of the total [...]How do Islamic Bonds Work?
The first Islamic bond in East and Central Africa has been floated and consequently listed on the Nairobi Securities Exchange, raising KSh3 billion at the first auction. SP Global reported [...]Global Markets Fall after Japan Rate Hike, US Recession Fears
Global markets, including equity and crypto markets, opened this week with record lows as fears that the US is headed into a recession, a rate hike by the Bank of [...]Nation Media Group Reports Ksh 572.2 Million Loss for H1 2024
Nation Media Group (NMG), Kenya's largest listed traditional media house, has reported a loss of Ksh 572.2 million for the first six months of 2024. The company's pre-tax loss of [...]CBK Raises KShs 23Bn in Weekly Auction as Investors Remain Hesitant
Investors remain hesitant to lend the government even with the high interest rates environment with demand skewed on short term papers. The government received bids worth KSh 24.4 billion against [...]
