Kenya's Stock Market Investor Wealth Surges by KSh 351 Billion in 7 Weeks
The Nairobi Stock Exchange (NSE) has seen a surge in trading activity as the Kenyan shilling appreciates, leading to an increase in investor wealth by KSh 351 billion in just [...]
Kenya Stock Market Undervalued, Says World's Largest Asset Manager
BlackRock Inc., the largest asset manager globally, perceives a significant investment opportunity in Kenyan stocks. Despite being the poorest performers in 2023, Kenyan stocks have experienced a remarkable turnaround, emerging [...]Ethiopia's Stock Exchange Surpasses Capital Target by 240%
Ethiopia's plans to launch a stock market are taking shape, after the Ethiopian Securities Exchange (ESX) announced it had surpassed its capital-raising phase by over 200%. The ESX kicked off [...]Bamburi Cement's Profits to Drop by at Least 25%
Bamburi Cement expects its 2023 net earnings to drop by at least 25 per cent, the listed company said in a profit warning. The Hima Cement transaction, valued at $120 [...]
NSE Upgraded in New FTSE Russell Index Ratings
The Nairobi Securities Exchange (NSE) has been reclassified by the FSTE (Financial Times Stock Exchange) Russel Index from ‘Restricted’ to ‘Pass’, after it fixed delays in repatriating capital. “We are [...]
Kenya Airways Posts First Operating Profit of KSh 10.5 Billion in 7 Years
For the first time in seven years, Kenya Airways has reported an operating profit of KSh 10.5 billion in the year ended December 31 2023, a 287% increase from the [...]Kenya Stock Market Surges on Strengthening Shilling, Banking Sector Performance
The Nairobi Securities Exchange (NSE) on Monday, March 25, 2024, recorded its highest single-day turnover in 2024, totalling Ksh 3 billion and a trading volume of 141 million shares.Kenya Eyes KSh 1 Trillion in Diaspora Remittances -Medium Term 4 Plan
Increasing Diaspora remittances and growing fortune in the tourism sector are some of the programmes under focus in Kenya’s Fourth Medium Term Plan (MTP IV) that seeks to propel Kenya’s [...]Kenya's Diaspora Remittances Drop to $385.9 Million in February
Money sent by Kenyans living abroad (diaspora remittances) dropped in the month of February to $385.9 million from $412.4 million remitted in January this year. According to Central Bank of [...]Ukulima DT Sacco Gives KSh 113.2 Million Dividend Cheque to Members
Ukulima Deposit-Taking Sacco, one of the largest in Kenya, will issue a dividend cheque on the share capital of members amounting to KSh 113.2 million at the rate of 12 [...]Change in Telkom Kenya Ownership Reduces Kenya's Mobile Subscriptions in Q2/23
The change in shareholding structure of Kenya’s third largest telecommunications company-Telkom Kenya- has impacted mobile money and the mobile subscriptions in the second quarter of the 2023/24 Financial year. The [...]StanChart Posts KShs. 13.8bn, 15% Growth, Profit after Tax in 2023
Standard Chartered announced its Full Year 2023 financial results this morning and investors at the NSE are happy with what they see. StanChart saw increases in revenue, profit, earnings per [...]
