Safaricom: Too Risky to Own or Too Profitable Not To
Safaricom IPO On March 28, 2008, barely months after the post-election violence and at a time when Kenya was going through peace and reconciliation, the best son of the NSE [...]
Elon Musk Sells Tesla Shares Worth $6.9 Billion
Elon Musk has sold $6.9 billion of stock (about 7.92 million shares) inTesla Inc., the billionaire’s biggest sale on record, saying he wanted to avoid a last-minute selloff of the [...]
Tanzania Set to Sell First Bond to EAC and SADC Citizens
Tanzania’s Treasury is seeking Tsh130 billion ($55.6 million) from selling a five-year fixed rate bond to its citizens and those from East and Southern African trade blocs. The bond on [...]
Ahead of Polls, Kenya Shilling Hits Historic Low of 119.680 Against US Dollar
The Kenya shilling slipped to an all-time low of 119.6800 against the US dollar in early trade on Monday, as investors flocked to the safe-haven currency ahead of the country's General elections on [...]Sameer Africa Plc Issues Profit Warning for 2022
Sameer Africa has issued a profit warning saying it ecpects earnings for the financial year ending December 2022 to be lower by at least 25 per cent compared to the [...]NSE Rebounds by 15% in July Amidst Scramble for Cheap Shares
The Nairobi Securities Exchange (NSE) has rebounded from a dreadful first half of 2022 as easing rate rise expectations in the US, and a scramble for falling stocks fuelled the [...]John Ngumi Appointed Chairman of Safaricom
TheBoardof Safaricom Plc has announced the appointment of investment banker Mr. John Ngumi as a director and Chairman of the Board with effect from 1st August 2022. The telco said [...]2022 Dividend Kings List | Updated Daily | All 44 Analysed
First Published on July 5th, 2022 by Bob Ciura for Sure Dividend. Spreadsheet data updated daily The Dividend Kings are thebest-of-the-bestin dividend longevity. What is a Dividend King?A stock with50 [...]
Foreign Investor Outflows at the NSE Surge to Ksh 10.88 B as Global Shocks Persist
Foreign investor outflows at the NSE surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid global shocks. [...]CBK Retains Base Lending Rate at 7.5%, Expects Inflation to Ease in Coming Months
The Central Bank of Kenya(CBK) has retained the base lending rate at 7.5 per cent even as global inflation remains elevated. CBK raised the rate from 7 per cent in [...]EABL Posts 124% Rise in Net Income for Full Year 2022
East African Breweries PLC (EABL) profit for the full year ended June 2022 rose by 124 percent to Kshs 15.6 billion. The brewer's net sales for the period rose by [...]2022 Best Monthly Dividend Stocks List | See All 49 Now | Yields Up To 19.0%
First Published on July 6th, 2022 by Bob Ciura for Sure DividendSpreadsheet data updated daily Monthly dividend stocks are securities that pay a dividendevery month instead of quarterly or annually. [...]
