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 [...]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 [...]
