Mi Vida Homes Plans REITs Future after CMA Nod
Residential real estate developer Mi Vida Homes can now manage Real Estate Investment Trusts (REITs) after it obtained a license from the Capital Markets Authority (CMA). “There has been a [...]
Markets Regulator Approves Mi Vida REITs Manager, Issues Licenses to Over 10 Others in Coffee and Fund Management
Kenya's Capital Markets Authority (CMA) has granted several new licenses and approvals across multiple sectors citing move to deepen the capital markets industry. Mi Vida Homes Licensed as REIT Manager [...]Nairobi Business Ventures (NBV) Profits up 107%
Listed commercial company, Nairobi Business Ventures (NBV) PLC, recorded a profit leap of 107% in the FY ended 31st March 2024 after registering a profit after tax of KSh 17.8 [...]
First Islamic Bond in East and Central Africa Lists on the NSE
The Nairobi Securities Exchange (NSE) has formally inaugurated an Islamic bond into the unquoted securities platform, in an occasion graced by President William Ruto at the Exchange building. The listing [...]Debunking Myths Around Forex Trading
Forex trading stands as one of the most vibrant sectors in the financial world, attracting a significant number of retail clients. However, it is often surrounded by myths and misconceptions [...]Standard Group to Layoff 300 Employees Amidst Labour Discontent, Financial Crunch
About 300 employees are set to lose their jobs as Kenya's oldest media house, Standard Group, tries to reorganise operations amidst shrinking revenues and an evolving technological landscape. We remain [...]EABL Profits Drop By 11.8% on Weak Shilling, High Interest Rates
Listed brewer East African Breweries Plc (EABL) recorded an 11.8 percent drop in profit to KSh 10.9 billion for the year ended June 2024, from KSh 12.3 billion a year [...]Looming Rate Cuts Present Opportunity for Long-Term Investors
Investors have been challenged to stay awake to looming policy changes to reposition their portfolios for better returns that meet long-term financial goals. “Given this environment, balanced foundation allocations comprising [...]Centum Investment Profit Jumps to KSh556 Mn
Centum Investment has recorded a profit of KSh556 million for the financial year ended 31 March 2024 compared to a loss of 61 million in the prior year. The drop [...]IMF Approves US$3.4 Billion for Ethiopia
The International Monetary Fund (IMF) Executive Board has approved US$3.4 billion under the Extended Credit Facility (ECF) for Ethiopia, following 5 years of negotiations. This is a landmark moment for Ethiopia, [...]Birr Slumps as Ethiopia Floats Currency to Meet IMF Conditions
Ethiopia has announced plans to liberalize her foreign exchange market effective today, ahead of the IMF meeting. The liberalization is expected to enhance the competitiveness and inclusiveness of the financial [...]Kenya Shilling Slips to a Two-Month Low
Last week, the Kenya Shilling weakened further against the US Dollar, closing the week at KSh 132.57 from KSh130.73 the previous week. Similarly, the year-to-date performance dropped to 13.1%, buoyed [...]
