Markets
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State seeking Ksh.10 billion for budget support in Bond Market
The Kenyan government is seeking to raise an additional Ksh.10 billion for the budgetary support in the financial year 2022/23.…
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Kenya Power beats stock giant Safaricom to move over 7 million shares
Kenya Power and Lighting Company (KPLC) defied all odds to beat stock leader, Safaricom at the Nairobi Securities Exchange (NSE)…
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NCBA stocks up 1.5% on plan to open M-Shwari deals in DRC, Ethiopia & Ghana
NCBA Group’s stocked climbed by 1.52 percent Tuesday to emerge among top five gainers on the Nairobi Securities Exchange (NSE).…
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U.S. stocks fall amid concerns over further Fed policy tightening
Wall Street’s major indexes dropped on Monday as better-than-expected U.S. economic data raised concerns that the Federal Reserve could continue…
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Shelter Afrique eyes East Africa’s pension funds in Ksh.61 billion housing bond
Pan- African housing development financier – Shelter Afrique, is planning to tap into the East Africa’s capital markets and pension…
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Investors avoid Kenya’s 6-year bond to raise Ksh.52.9 billion
Investors avoided Kenya’s auction of a 6-year Bond worth Ksh.87.8 billion, as the country walks a tight rope to meet…
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Uncover raises Ksh.122.5 million to penetrate other African markets
Nairobi-based skincare firm, Uncover has raised Ksh.122.5 million in seed capital, which it will use to scale up its operations…
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Low food prices see Kenya’s inflation ease for first time in nine months
Inflation in Kenya eased to an a nine-month low in November to 9.5 percent from 9.6 percent in October. The…
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KenGen stocks rally after announcing 61% net profit
Kenya Electricity Generating Company PLC (KenGen) stocks rallied Wednesday hours after it announced a record Ksh.4.7 billion profit. The Wednesday…
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Stocks to watch on NSE as firms move to fight climate change
Increasing focus on fight against climate change, gas emission has taken shape in Africa and is expected to boost stocks…
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