KCB Injects Ksh 120 Billion in Oil Marketing Companies as Govt Phases out Fuel Subsidies
KCB Bank Kenya has injected over Sh120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector. The facility is [...]
NSE Admits Private Wealth Capital as Kenya's First Non-Bank Authorized Security Dealer
The Nairobi Securities Exchange (NSE) has admitted Private Wealth Capital Limited (PWCL) as an Authorized Securities Dealer (ASD) for fixed income securities listed on the Nairobi bourse. The admission makes [...]Coffee Exports Earnings Hit KES 25.2 Billion
Kenya’s coffee exports earnings in the 11 months to August 2022 increased by KES 9.8 billion ($81 million), attributed to higher volumes and better prices in the international market on [...]
KPLC: A Value Stock or A Value Trap?
This week, the hottest stock in the Nairobi Securities Exchange has been KPLC and for a good reason. This week alone, the stock is up 23.1% and 15.9% Year To [...]
Daily Markets Update: 7th September 2022
Nairobi Securities Exchange BAT, FTGH, and JUB are among the counters sparking interest amongst investors. In today’s early morning trading session, SMER leads the gainers at 8.76%. BRIT has lost [...]
Daily Markets Update: 6th September 2022
Nairobi Securities Exchange The Nairobi Securities Exchange reacted positively to the Court ruling upholding William Ruto’s victory as it gains KES 42bn on Monday 5th September's trading session. The best [...]Kenya's Forex Reserves Fall to a 5-year Low on the Weakening Shilling
Data by the Central Bank of Kenya in the weekly bulletin shows forex reserves dropped a massive Sh28 billion in the week ended September 2 to $7.37 (Sh884 billion) billion [...]Britam's Half Year Profit Grows by 77% to Ksh 667.5 Million
Britam Holdings has posted a net profit of Sh 667.5million for the half-year period ending June 30, a 77 per cent jump from Sh376 million posted in a similar period [...]NSE to See First Main Market Listing Since 2018
Kenya’sNairobi Securities Exchange (NSE)expects its first main-market segment listing in more than three years to happen before the end of December and boost activity on the bourse. “We have one [...]Kenyan Shilling Drops to an all-time Low of Ksh 120 Against the Dollar
The Kenyan shilling hit an all-time low on Friday as economic uncertainties loom around the next head of government after nine petitions were filed challenging the Presidential-elect victory. The Kenyan [...]Nairobi Securities Exchange First Half 2022 Financial Performance
The Nairobi Securities Exchange (NSE) has released its financial performance for the first half of 2022, a period that the exchange saw lower than expected trading activity especially from the [...]Nation Media Group Half Year 2022 Profit Drops Slightly
Nation Media Group (NMG) has made public its financial statements for the half year period ended 30th June 2022 reporting a decline both in the topline and bottom line. The [...]
