Safaricom's Full Year 2022 Profit Falls 1.7% on Ethiopia Investment, Declares Ksh 30 Billion Dividends
Kenya's largest listed company Safaricom PLC on Thursday reported its full-year earnings for the period ended 31st March 2022. For the first time, Safaricom reported its earnings as a group [...]
NSE Equity Turnover Ups to KSh 909M
The NSE recorded an increase in daily equity turnover to KSh 909 Million compared to KSh 858 Million on Friday last week with 26.8 Million changing hands compared to last [...]
Regulator Approves Transcentury Rights Issue
Kenya's Capital Markets Authority (CMA) has approved TransCentury Plc to undertake a rights issue on the basis of five (5) new ordinary shares for every one (1) existing share after [...]
ASEA to link 7 African Capital Markets
The African Securities Exchanges Association(ASEA) is moving closer to linking the African capital markets by facilitating cross-border trading and free movement of investments in Africa. Already, the African Exchanges Linkage [...]5 Reasons to Become an Online Trader
Online trading is booming will hundreds of thousands taking advantage of the financial markets. Gone are the days of suit-wearing traders shouting on the floor of the New York [...]
Sanlam and Allianz Announce Merger Plan to Create Largest African Insurance Group
Sanlam, one of Africa's largest non-banking financial services companies, and Allianz, one of the world’s leading insurers and asset managers, have agreed to combine their current and future operations across [...]NSE Activity Dampens as More Foreigners Exit
Nairobi Securities Exchange(NSE) saw more foreign investors cashing out, dumping a further KSh 1.7 billion ($14.3 million) worth of stocks in April 2022. This brings the year to date (YTD) [...]Kenya financial regulator drafts new rules to spur listings
Kenya's capital markets regulator has made public new draft regulations in an effort to attract potential issuers to list on the local stock exchange. The Authority hopes the relaxed rules [...]NSSF Buys Additional Shares in KCB Raising its Stake to 8.38%
The National Social Security Fund (NSSF) has bought an additional 11.7 million shares of KCB Group, raising its stake to a new high of 8.38 per cent. According to the [...]WPP ScanGroup Plc Trims Net Losses to KSh37.9M
WPP ScanGroup Plc made a net loss of KSh 37.9 Million at the close of financial year ended 31st December 2021 from a net loss of KSh 1.7 Billion in [...]US Markets Earnings Report
The US stock markets closed Wednesday's session mostly higher as investors keenly followed the release of corporate earnings reports. Facebook owner Meta Platforms released its first-quarter earnings results after-hours trading. [...]East African Bond Exchange (EABX) Begins Set Up, Seeks Funding as it Plans to Apply for CMA Licence
The East African Bond Exchange (EABX), a newly incorporated public limited company whose purpose is to establish and operate an over-the-counter securities exchange (OTC Exchange), has began the process of [...]
