Markets
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Inflation in Kenya Eases to 6.3%
Inflation in Kenya eased to 6.3% in February 2024, the lowest level in two years – according to the Central…
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Why Kenya Shilling is Volatile Against Dollar Despite Gains
The Kenya Shilling has strengthened against the US Dollar, rebounding from a 1% decline last Friday. Data from the Central…
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Kenya Shilling Ends Week 1% Down Against US Dollar
The US Dollar is gradually regaining its glory in the local market, ending the week at 1% against the Kenya…
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Kenya to Price its Samurai Bond at 1%
Kenya plans to price it’s $500 million Samurai Bond at an attractive rate of between 1% and 2%. The move…
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Safaricom Cuts Dividends to Shareholders by 5.1%
Safaricom has cut its dividend payout to shareholders to Ksh.0.55 per ordinary share. This represents a 5.1% decrease from the…
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Equity Group, Absa Among Top Gainers in past week
Equity Group’s stock surged by 1.3% for the past week, making it second among the top gainers on the Nairobi…
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CBK Taps Ksh.240.9 Billion From February Bond
The Central Bank of Kenya’s (CBK) Ksh.70 billion infrastructure Bond auction has been oversubscribed, with a performance rate of 412%.…
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Dollar Value Down 4.2% Against Kenya Shilling
Kenya Shilling is on a winning streak and gained 4.2% in value against the dollar as of Tuesday. It has…
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Kenya Goes for Largest Bond in Two Years at Ksh.70 Billion
Kenya has put on auction Ksh.70 billion ($429 million) through the sale of infrastructure bonds, the largest sale since 2022.…
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Why Kenya Isn’t Out of Wood Yet Despite Fresh International Bond Sale
Kenya announced its first international bond sale since June 2021, seeking to raise $500 million for budgetary purposes and to…
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