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 [...]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 [...]
