Markets
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Safaricom Stocks down 1% to close Day at Ksh.13.8
Safaricom Plc stocks fell by 1% after the bell rang Wednesday to close at Ksh.13.8 per share. Data shows volume…
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Fitch Awards Kenya 6.0 Reform Score Over Ongoing Tax Reforms
Kenya will see its inflation fall to 6.0% year-on-year by end-2023, from the July rate of 7.3%. This is according…
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Kenya Picks Two Banks to Manage its Maturing Ksh.296 bn Eurobond
Kenya’s National Treasury has picked Citi and Standard Group as managers in its June 2024 maturing $2 billion (Ksh.296 billion)…
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Dr. James Mwangi takes Ksh.202 million hit from Equity stake
The share price of Equity Group on the Nairobi Securities Exchange (NSE) encountered a substantial decline, sliding by 6.98 percent.…
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State opts for short-term bonds as shilling value dips 0.5% against Dollar in under a week
The Kenya Shilling has continued to shed its value against the US Dollar, having lost 0.58 percent in value for…
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Kenya’s Stock Market Ranked World’s Worst Performer
Kenyan stocks took a hit in a fourth consecutive decline to September, the longest decline since 2017. Large-cap stocks like…
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Investors avoid Sept Tap Sale to raise only Ksh.3.4bn of Ksh.15bn offered
Investors heavily avoided the September Treasury Bond Tap Sale pointing to a lack of trust in the government to repay…
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Saudi Arabia lays path to creating viable Islamic securitisation and covered bond markets
Saudi Arabia ( rated A1 positive by Moody’s) is the largest Islamic finance market globally and Moody’s expects the Saudi…
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Equities Market Tumble after Large-cap Stocks Take Hit
The equities market was on a downward trajectory in the past week, with NASI declining the most by 2.2%, while…
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Kenya banks’ lending rates hit a 65-month high of 13.5%; What does it mean?
The average lending rate offered by commercial banks in Kenya has surged to its highest level in 65 months, reaching…
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