Treasury Bills Rates Decline amid Looming Interest Rate Cuts
Interest rates on treasury bills have trended downwards for the past 10 consecutive weeks after the first rate cut in 2024 with investors expecting even bigger cuts. The CBK however [...]
Markets Expect CBK to Cut Interest Rates Again
The market expects a 0.5% or more cut in the benchmark lending rate from the Monetary Policy Committee (MPC) meeting next week following recent economic data. “There is no compelling [...]Sky Foods Collapses, 7 years after Acquiring Treetops Juice Brand
On September 26th, an administrator was appointed to take over all the company assets of the insolvent juice processor, Sky Foods. “I, official receivergive notice that I have been appointed [...]African Finance Corporation Issues US$500mn Eurobond Listed on LSE
The African Finance Corporation (AFC) has successfully issued a US$500mn 144A//Reg S Eurobond on a five year bond, issued at par with a coupon of 5.55%. “The significant oversubscription and [...]
Kenya’s Inflation Eases to 3.6% in September
Kenya’s annual inflation rate dropped significantly in September to 3.6 percent, levels last seen in November 2012, falling below the Central Bank of Kenya’s midpoint target of 5%. In the [...]Mobile Apps for Wealth Managers: What are the Benefits? – Part 2
I've previously mentioned that the main beneficiary of a mobile app for a wealth management firm was the investor client. In my mind this should always be the case but [...]
Unga Group Cuts Full Year Losses to KSh669.6 Mn
Unga Group narrowed its losses to KSh669.6 million in the full year ended June 2024 from KSh959.4 million posted previously on reduced costs. Finance costs edged lower by 28.7% to [...]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 [...]
