Multichoice Reports 9% Decline in Subscribers and Operational Losses
South African firm, Multichoice has released its annual financial report ending March 31st, revealing a loss before tax of US$ 38 million and a 9% decline in active subscribers of [...]
Blackrock Shuts Down iShares Frontier and Select EM ETF (FM) Fund
BlackRock, the world’s largest asset manager, plans to liquidate nine exchange-traded funds (ETFs), including the $401 million iShares Frontier and Select EM ETF (FM) Fund which had invested in Kenya. [...]4G Capital Launches KSh 500Mn Corporate Debt Programme Through Dry Associates Investment Bank
4G Capital, a leading provider of tailored financial solutions to MSMEs in Africa, has announced the successful launch of a Kenya Shilling 500 million debt programme. This milestone was achieved [...]
State Writes-Off KSh 6.8Bn Debt in Coffee Reforms Agenda
The government has written-off historical debts amounting to Ksh6.8 billion owed by coffee farmers nationwide, knocking down one of the many recommendations by the National Task Force on Coffee Sib-Sector [...]State to Divest from 6 Listed Companies
Cabinet has approved the divestiture of the state’s shareholding in six listed firms on the Nairobi Securities Exchange (NSE), including its shareholding in the bourse itself. “The divestiture in the [...]Oil and Gold Markets on Edge: A Week of Crucial Data and Uncertain Policy
The global oil and gold markets are poised for a week of heightened anticipation as critical economic data releases and central bank decisions loom large. These events will shape the [...]IMF Reaches Staff Level Agreement for Kenya's US$ 976 Million
The International Monetary Fund (IMF) has reached a staff level agreement to provide US$ 976 million for Kenya, subject to approval by the IMF Executive Board. During meetings held in [...]The Kenya Shilling Likely to Remain Stable Analyst
From late last year, spilling over to 2024, investors exhibited jittery concerns regarding Kenya’s debt sustainability. This was however cooled down by the government’s candid move to go for a [...]Kenya to Use Part of World Bank $1.2Bn Loan to Offset Eurobond
The government will use part of US$ 1.2 billion Development Policy Operations (DPO) loan approved by the World Bank Board last week to settle the remaining part of the Eurobond [...]Oil and Gold Markets on Edge: Jobs Data and Geopolitical Risks to Dominate Week Ahead
The upcoming week promises a whirlwind of activity for oil and gold traders, with crucial US job reports that include non-farm payrolls and unemployment data, as well as lingering geopolitical [...]Gold Worth US$ 30.7 Billion Smuggled Out of Africa in 2022 Study
The United Arab Emirates has been the main destination for tens of billions of dollars worth of gold smuggled out of Africa each year for the last decade, a new study published [...]NSE Single Day Equity Turnover Clocks Record-Breaking KSh 8.8 billion
The Nairobi Securities Exchange (NSE) equities market recorded its highest single day total equity turnover on Thursday, clocking KSh 8.8 billion from KSh 669.4 million recorded the previous day. In [...]
