Bitcoin Miner Marathon Digital to Re-looks Kenya's Cryptocurrency Regime
The Kenyan government has invited a consultant to re-look into the cryptocurrency regime, signaling a shift from the hardline position Central Bank of Kenya (CBK) has been holding over digital [...]
NSE Market Capitalization Hits KSh 1.8 Trillion in Q1 2024-CMA Report
The Nairobi Securities Exchange(NSE) recorded an increase in market capitalization by 22.79 percent to KSh 1,766.95 billion by the close of Q1 2024, up from KSh 1,439.02 billion in Q4 [...]
Kenya to Receive US$ 500 Million from UAE
Kenya’s National Treasury and Economic Planning Ministry and ADQ, the largest Sovereign Fund in the United Arab Emirates (UAE) have signed a deal that will see the Fund pump up [...]TPS Eastern Africa Net Profit Hits KSh 870.9 Million
TPS Eastern Africa Plc recorded a net profit of KSh 870.9 million at the close of the financial year ended 31st December 2023, more than double earnings compared to KSh [...]Sanlam Kenya Suffers Net Loss of KSh 127 Million in 2023
Sanlam Kenya Group, an insurance, investment, and retirement firm has reported a net loss of KSh 127 million for the full year ended 31st December 2023 compared to KSh 83 [...]Trader’s View: Kenyan Shilling (USDKES) vs South African Rand (USDZAR) 2024 Performance and Outlook
KES Outlook The Kenyan shilling declined by 22% against the US dollar from March 2022 to January 2024. Several global factors contributed to this depreciation including the US Federal Reserve's [...]
Kenya Shilling Exchange Rate Reverses Some Gains against US$ Dollar
The Kenya Shilling appreciation against the US Dollar appears to have finally hit the floor and could be in reverse gear. This has been attributed to a stronger US dollar [...]Nation Media Group Sinks into KSh 205.7 Mn Loss
Kenya’s largest media house, Nation Media Group, has announced a loss of KSh 205.7 million in the full year 2023, from KSh 318.5 million profit in 2022. “As we embark [...]
Trader’s View: 2024, Year of Gold (XAUUSD) and Nasdaq100?
2024 has kicked off all-time highs for Gold (XAUUSD), Nasdaq100, Bitcoin and other cryptocurrencies. The different asset classes have previously experienced significant selling pressure, especially from November 2021 to December [...]Retail Outlets Anticipate Higher Sales after Slow Business in Q1
Kenyan retailers are expecting their April-June sales to increase after the sector recorded low business in the first quarter of this year, according to ILAM Consumer Spending Index for the [...]UK Removes Tariffs for Kenya’s Cut Flowers
The UK has removed export tariffs for cut flowers for two years, with the aim of making trade with the UK easier and cheaper for growers in East Africa and [...]Consumer Spending Improves after Kenya's Tough 2023-Survey
Kenya is among countries in Sub-Saharan African whose consumer spending is looking positive after a rough 2023 characterized by high cost of living. “With an average GDP growth rate of [...]
