Market Snapshots: Top Things To Know In The Global Markets This Week (31 July-4 August)
Last week, both the US Federal Reserve Bank and the European Central Bank hiked rates by 25 basis points and indicated that they are adopting a data-dependent approach to monetary [...]
Investors are leveraging Airbnb to chase returns in the Kenyan real estate market
Airbnb is not new to the Kenyan short-term rental market, yet the platform continues to change the real estate game from Nairobi to Watamu, Kisumu to Maasi Mara, and everywhere [...]
CMA to Support Creation of Kenya's Carbon Credit Markets
The Capital Markets Authority(CMA) plans to engage sector players in a detailed assessment of Kenya’s carbon market, its ecosystem, do a stakeholder mapping, and determine demand and supply conditions as [...]
Centum Investment Group Net Loss Widens to KSh 7.3 Billion
Centum Investment Group reported a consolidated net loss of KSh 7.3 billion according to the audited financial results for the full year ended 31st March 2023. This is compared to [...]IMF Monitors Developments Around Kenya's Finance Act
The International Monetary Fund (IMF) is closely monitoring the court case around the Finance Act days after its executive board gave the new law approval as a buffer against debt [...]
BAT Kenya Half-Year Net Profit Drops 3.5% to KSh 2.8 Billion
British American Tobacco (BAT) Kenya Limited reported a fall in Half-Year Net Profit by 3.5% to KSh 2.8 billion for the period ended 30th June 2023 from KSh 2.9 billion [...]East African Portland to Craft Recovery Plan by August
East African Portland Cement must design a financial recovery strategy by August 17th this year, according to directions from the National Assembly Public Investments Committee on Commercial Affairs Energy, [...]Market Snapshots: Top Things To Know In The Global Markets This Week (17-21 July)
Last week, the dollar index (DXY) weakened 2.27% and closed at 99.59, a level last seen on April 2022. This was largely fueled by US inflation data which showed that [...]NSSF Balance Sheet Size Grows Marginally to KSh 285.7 billion
The State-run pensioner National Social Security Fund (NSSF) net assets grew by KSh 1.2 billion from KSh 284.5 billion in 2021 to KSh 285.7 billion in 2022. According to the [...]Investors Warm-Up to Fund ESG Focused Firms
The Small and Medium Enterprises ecosystem in Africa has gained mainstream acceptance and the funding ecosystem has experienced significant growth in recent years. The continent has seen an influx of [...]Tanzania's Lifezone Metals Makes Historic Debut on NYSE
Tanzania-based battery metals development company Lifezone Metals Limited became the first company from the East African nation to go public on a major US exchange. The company made its debut [...]NSE Weekly Equity Turnover Ups 169% to KSh 1.6 Billion
The Nairobi Securities Exchange(NSE) Weekly Equities Turnover increased by 169.0% to KSh 1,582 million (US$ 11.3 million) from USD 4.2 million, recorded the previous week, taking the year to date [...]
