Kenya Shilling hits New Low of 113.49 Against the US$
The Kenya Shilling remained weaker as Central Bank of Kenya(CBK) moved to stabilize the currency. The currency of East Africa’s largest economy fell to 113.61 against the US Dollar this [...]
Angaza Awards 2022 Top Finalist; Marjorie Mayida
Marjorie Mayida is the first woman Managing Director within Old Mutual Group in Zimbabwe. She is responsible for driving the growth of Old Mutual Investment Group (OMIG). The business units [...]
CMA Approves KSh 10.5 Billion Corporate Bond by State-Owned Mortgage Lender
Capital Markets Authority (CMA) has approved the issuance of an unsecured KSh10.5 Billion Medium Term Note (MTN) programme by Kenya Mortgage Refinance Company (KMRC), a Government-owned mortgage lender. This is [...]NSE lists Car General as Day's Top Price Gainer for 5th Consecutive Time
Nairobi Securities Exchange(NSE) has once again listed CarGeneral as top price gainer when trading ended at the Nairobi Securities Exchange(NSE) this Wednesday This is the fifth consecutive time that Car [...]Equity Group Holdings get Nod to Enter Life Insurance Business
Equity Group Holdings has received regulatory approvals to set up a non-operating insurance holding company. Commencement of the insurance business was approved by the Group's shareholders and the Central Bank [...]US Stock Market closes higher after Powell's remarks
The US Stock market closed higher on Wednesday as the investors digested remarks by Federal Reserve Chair Jerome Powell after his testimony before the United States Senate on Tuesday. Jerome [...]Sasini Plc Full Year Net Earnings rise to KSh 573. Million
Sasini Plc posted a Net Profit and Non-controlling Interest (including the changes in value of biological assets) of KSh 573.20 Million for the financial year ended September 31st 2021 compared [...]Centum Real Estate Secures KSh 17 Billion Facility from GEM
Centum Real Estate Limited has signed an agreement with Global Emerging Markets(GEM) Global Yield, a Luxemburg-based private alternative investment group, to provide it with a share subscription facility of upto [...]US Markets Outlook; Gamestop, DWAC
The US stock market closed mostly lower on Friday as investors keenly awaited the nonfarm payroll employment data for December. Figures from the US Department of Labor showed that the [...]TransCentury is NSE Weekly Top Price Gainer
TransCentury was the weekly top price gainer at the Nairobi Securities Exchange(NSE), its share price moving up 16.2% to KSh 1.36 per share on a volume of 4,300 shares. When [...]CBK Accepts Bids Worth KSh 23.2 Billion at Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 23.19 Billion at the weekly Treasury Bills Auction, representing a subscription of 96.61% and accepted KSh 23.15 Billion. The most attractive instrument [...]Kenya Inks Six Trade Agreements with China
Kenya and China have sealed six bilateral trade agreements and will also form a joint working group to address trade barriers between the two countries to reduce trade imbalances. The [...]
