KCB Group Records 17.9% Decline Net Profit in First-Half of 2023
KCB Group Plc has recorded a Profit After Tax of KES 16.1 Billion for the first half of 2023, representing a decline of 17.9% compared to the same period in [...]
Carbon Trading: Kenya Private Sector Pushes for Predictable Regulatory Framework
The Kenya Private Sector Alliance (Kepsa) is calling for a predictable regulatory framework for carbon trading. According to the alliance, the framework will enhance transparency in carbon trading and aid [...]Hisa Partners with INGOT Brokers to Open up Global Markets to Kenyan Traders
INGOT Africa Ltd (INGOT Brokers), a leading regulated brokerage firm, is pleased to announce its newest partnership with Hisa, a renowned trading app in Kenya. The partnership was launched on [...]
Kenya’s Public Debt Burden Worsens with No End in Sight
Kenya’s Public Debt Serving Cost is growing fast with experts raising fears that if the Kenya Shilling exchange rate against the US dollar continues on its current slide, by a [...]CBK Collects KSh 43.6Billion at Weekly T-Bills Auction, 186% Oversubscription
The Central Bank of Kenya(CBK) accepted bids worth KSh 43.6 billion at the Weekly Treasury Bills Auction conducted this Thursday 17th August 2023 after receiving bids worth KSh 44.7 billion, [...]Kenya Stock Market Upbeat on Return of Foreign Investors
The Nairobi Securities Exchange (NSE) expects increased activity following significant efforts to bring back foreign investors, who are for long dominated trading at the bourse. Figures from the Capital Markets [...]Kenya's Strategy for Carbon Market Dominance
In recent years, Kenya has been diligently carving a niche for itself in the global fight against climate change. The country's proactive approach, highlighted by the establishment of a burgeoning [...]NMG's 2nd Share Buyback Aims to Counter Undervaluation and Reward Shareholders
Shareholders of Nation Media Group are poised to benefit from the listed firm's second share buyback program, run by Faida Investment Bank. The firm expects to shore up its share [...]Nairobi Coffee Exchange to Resume Trading as Major Millers Keep Off
The Nairobi Coffee Exchange (NCE) is set to resume operations after fulfilling stringent conditions laid out by the Capital Markets Authority (CMA). Figures from the CMA indicate that some 11 [...]CBK Accepts Bids Worth KSh 47.8 Billion at Weekly Treasury Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 47.9 billion at the Weekly Treasury Bills Auction, out of KSh 24 billion offered to investors with the CBK accepting bids worth [...]Market Snapshots: Top Things To Know In The Global Markets This Week (7-11 August)
Last week, the Fitch credit rating agency downgraded US long-term debt from AAA to AA+ which stimulated a negative week for the Nasdaq 100, SP 500, and the DJIA 30 [...]
Moody’s Comments on Kenya’s Eurobond Buyback Plan ‘Speculative’ APRM
Moody’s Credit Rating Agency comments on Kenya’s planned buyback of its Eurobond debt as a default, has been dismissed as highly premature, speculative and damaging by the African Credit Rating [...]
