Year: 2023
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Markets
CBK Offers Ksh.25 Billion Tap Sale with Unique Bidding Process
The Central Bank of Kenya (CBK) has announced a Tap Sale of the Ksh.25 billion Treasury Bond that was initially…
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Agriculture
Williamson Tea Kenya PLC announces Ksh.10 interim dividend after 76.4% profit surge
Williamson Tea Kenya PLC has reported a substantial increase in profits, resulting in an interim dividend of Ksh.10 per share…
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Markets
Analyzing the Kenyan Materials Industry: A Week of Ups and Downs
The Kenyan materials industry has experienced a roller coaster ride in the past week, with an overall increase of 6.1%.…
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Corporate
Reasons Behind Co-Op Bank’s Stellar Performance in Q3 2023 Results
Co-operative Bank Group, led by Kenyan businessman Gideon Muriuki, reported strong financial performance, exceeding $120 million in the first nine…
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Agriculture
Tanzania Inaugurates Its Tea Auction to End Mombasa Tea Auction Dominance
At the end of a five-year effort, Tanzania made history by holding its first-ever tea auction in Dar es Salaam.…
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Currencies
The Kenyan Shilling: A Tale of Depreciation Amidst Rising Living Costs
The Kenyan Shilling has been on a downward trajectory against the US Dollar, depreciating by 0.5% to start the week…
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Commodities
Israel’s gas imports resume; Egypt’s LNG exports limited by falling production
Chevron, the operator of Israel’s Tamar offshore gas field, announced the resumption of supplies to Egypt after operations were halted…
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Markets
CBK’s Treasury Bills Auction Surpasses Expectations to Tap Ksh.45.3 Billion
The Central Bank of Kenya (CBK), the principal fiscal agent of the National Treasury, recently held an auction for Ksh.24…
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Politics
President Ruto Announces New Security Strategies and Enhanced Education for Personnel
The Kenya government is implementing new strategies to handle growing security risks, according to President William Ruto. In order to…
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Technology
Zimele Asset Management Unveils Digital Financial Solution for Chamas
Zimele Asset Management has introduced a digital solution for managing finances, offering members increased control and transparency, alongside attractive investment…
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