Markets
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Kenya Shilling buckles 17th time to hit 122 level against US dollar
The Kenyan shilling hit an all-time low of 122 level against the United States Dollar Monday on increased dollar demands…
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KCB board proposes Ksh.3.2 bn dividend after recording Ksh.30 bn net profit
The Kenya Commercial Bank (KCB) board has proposed a dividend of Ksh.3.2 billion after it reported a Ksh.30 billion net…
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NMG, Standard Group stocks tumble Tuesday to close as top losers
Stocks appeared gloomy for the media industry on the Nairobi Security Exchange (NSE) when the two leading outlets, Nation Media…
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Russian oil output to fall 1.4 million barrel per day as EU ban takes effect
Russian oil production will be hit hard starting next year as the European Union implements ban on seaborne exports of…
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US stocks fall after prior week’s sharp gains as OPEC cuts demand growth forecasts
U.S. equities declined on Monday as Wall Street took a breather after scoring its best week in months after the…
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Fuel price drops by Ksh.1 in latest EPRA review
Price of fuel dropped by Ksh.1 in two consecutive months in fresh review by the Energy Petroleum and Regulatory Authority…
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Kenya blacklists expensive creditors as Treasury seeks new facility from World Bank
Kenya is banking on a concessional borrowing from potential creditors to help itself re-profile its liabilities including swap of expensive…
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Uchumi Supermarket’s stocks up 4% to close day among top gainers
Uchumi Supermarket’s stocks edged up Thursday to emerge second among top gainers on the Nairobi Securities Exchange (NSE) when it…
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How Kenya’s exports to South Africa fared during Uhuru’s final term in office
Kenya’s exports to South Africa jumped to Ksh.3,956,500,000 in the year 2021, a 13.6 percentage point uptick from Ksh.3.480,900,000 volume…
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CMA okays Ingot Africa to operate as non-dealing Forex broker in Kenya
The Capital Markets Authority (CMA) granted an operational license to Ingot Africa Limited to offer, among other services, access to…
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