Mpesa Expected To Split from Safaricom: The Split Explained
In 2021, Gem MP Elisha Odhiambo proposed the Kenya Information and Communications(Amendment) Bill to address concerns that Safaricom had become too big. This is through its dominant market share in [...]
Is Credit Suisse On the Verge of Collapsing?
Credit Suisse Bank CEO memo, intended to flicker some hope about the struggling major bank, did not go well. At a time when the CEO and other top leaders are [...]Daily Markets Update: 30th September 2022
Nairobi Securities Exchange The Nairobi all-share index closed the previous trading session at 129.02, shedding 1.59%. The index has returned -22.49% year to date. The current 52-week range is 116.88 [...]
Daily Markets Update: 29th September 2022
Nairobi Securities Exchange The Nairobi all-share index closed the previous trading session at 131.11, shedding 0.28%. The index has returned -21.24% year to date. The current 52-week range is 116.88 [...]Daily Markets Update: 28th September 2022
Nairobi Securities Exchange The Nairobi all-share index closed the previous trading session at 131.48, shedding 1.82%. The index has returned -21.01% year to date. The current 52-week range is 116.88 [...]The Dollar Milkshake Theory and Its Implications for the Kenya Shilling
The KES is currently trading at 120.75 per US dollar, up from 99.16 on January 3rd, 2020, at the start of the pandemic. This is becoming concerning, and other economies [...]
Former Central Bank Governor Njuguna Ndung'u Nominated Minister for Treasury
Kenya's President William Ruto on Tuesday 27th December 2022 nominated former Central Bank of Kenya (CBK) Governor Njuguna Ndung'u as the new Cabinet Secretary for the National Treasury and Planning. [...]
Daily Markets Update: 27 September 2022
Nairobi Securities Exchange The Nairobi all-share index closed the previous trading session at 133.92, shedding 0.70%. The index has returned -19.55% year to date. The current 52-week range is 116.88 [...]Shilling Tumbles to Record Low Against the Greenback ahead of the MPC Meeting
The shilling on Monday plunged to an all-time low against the dollar, signalling inflation and higher cost of imported goods. CBKdata shows theshillingexchanged at an average of Kes 120.5971 against [...]
Daily Markets Update: 26th September 2022
Nairobi Securities Exchange The Nairobi all-share index closed the previous trading session at 134.86, shedding 0.07%. The index has returned -18.98% year to date. The current 52-week range is 116.88 [...]Daily Markets Update: 23rd September 2022
Nairobi Securities Exchange The Nairobi all-share index closed the previous trading session at 134.96, gaining 0.16%. The index has returned -18.92% year to date. The current 52-week range is 116.88 [...]Rapid Rate Hikes to Hurt Emerging Markets Amidst Global Inflation- CBK Governor
CBK Governor Patrick Njoroge has warned that rapid policies put in place by advanced economies could hurt emerging markets’ growth amid global inflation. Patrick Njoroge, who spoke on Bloomberg Television [...]
