Markets
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Coffee regulator to on-board five CMA-licensed brokers, finally
The Capital Markets Authority (CMA) licensed coffee brokers will now be on-boarded by the coffee regulator in Kenya, ending a…
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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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