CBK Collects KSh12.7 Billion from Weekly T-Bills Auction
Central Bank of Kenya(CBK)accepted bids with KSh 12.7 Billion from KSh 15.3 Billion received bids, an undersubscription of 63.63%. Out of the amount accepted KSh 9.6 Billion were competitive bids [...]
NSE Daily Equity Turnover Declines 48% to hit KSh 106 Million
Nairobi Securities Exchange(NSE)recorded a decline in daily equity turnover when trading opened on the first day of the trading week, to KSh 106 Million compared to a turnover of KSh [...]PwC Advisory on WEC Kenya Lawsuit Against KRA
Pricewaterhouse Coopers (PwC), a financial services consulting firm has said any new tax laws must be validly enacted and enforced. This follows a recent High Court ruling that rendered the [...]Global markets rebound slightly on easing of Ukraine-Russia tensions
Major US stocks posted slight gains at Tuesday and Wednesday mainly driven by positive sentiment pushed by a slight easing of tensions at the Ukraine-Russia border. US President Joe Biden [...]
CBK Takes Plunge into Digital Currency Space
The Central Bank of Kenya (CBK)has finally taken a plunge into the deep waters of digital currency after stalling for a while. Kenya's monetary authority is inviting comments from the [...]Sanlam Kenya Plc is Week's Top Price Gainer At the NSE
Sanlam Kenya Plc was the week's top gainer at the Nairobi Securities Exchange(NSE), its share price rising by 12.94% to close the week at KSh 11.00. Sanlam began the year [...]Naivas targets Shoppers in Nairobi with Greenspan Imara Mall Outlets
Naivas Supermarket chain plans to open two branches at Nairobi’s Greenspan Mall and Imara Shopping Mall in the next two weeks. The move is expected to push competition in the [...]NSE Daily Equity Turnover falls 67.6% to KSh 244.2 Million
Nairobi Securities Exchange(NSE) recorded a significant drop in daily equity turnover by 68% to KSh 244.2 Million when trading ended today compared to a turnover of KSh 753.3 Million on [...]Eveready East Africa Plc Cuts 2021 Net Losses by 49% to KSh 34.7 Million
Eveready East Africa Plc posted a loss of KSh 34.7 Million for the year ended September 30th 2021, compared to a net loss of KSh 69 Million over a similar [...]India Set to Launch Digital Currency in 2022-2023
India's finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology. The Reserve Bank of India [...]
Kenya's Economy to Grow by 5.4% in 2022 Despite Expected August Elections.
Kenya’s economy is expected to grow at the fastest pace in 2022 which an election year. A consensus outlook from 14 world-leading banks, consultancies and think-tanks suggests the economy— as [...]US markets mixed as Fed hints rate hike, Tesla, Microsoft, Intel Earnings
The US stock market closed mixed on Wednesday as investors digested the latest Federal Reserve monetary policy statement and comments by Chair Jerome Powell. The Federal Reserve's Federal Open Market Committee (FOMC) also announced [...]
