Markets
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May Bonds underperform as Treasury raises Ksh.31 billion against Ksh.60 billion target
The National Treasury has managed to raise a mere Ksh.31.7 billion from bonds this month against a target of Ksh.60…
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Investors at NSE to pay CDSC Ksh.1.8 billion as annual upkeep fee
Investors at the Nairobi Securities Exchange (NSE) will pay Ksh.1,200 annually or Ksh.100 monthly for the upkeep of their trading…
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Twiga Food invests Ksh.1.16 billion in informal retail ventures
Twiga Foods have launched a Ksh.1.16 billion investment plan dubbed ‘Twiga Fresh’ to help supply informal retailers and urban consumers…
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Kenyans borrow Ksh.6 billion monthly from Co-op bank e-wallet
Kenyans borrow Ksh.6 billion every month from the Co-operative bank mobile money platform, translating to Ksh.200 million daily on average.…
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Bitcoin has no future as payment network, says FTX owner Bankman
Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency…
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Laikipia County to float Ksh.1.16 billion bond after Cabinet nod
The Cabinet meeting chaired by President Uhuru Kenyatta Thursday approved Laikipia County to float its Ksh.1.16 billion infrastructure bond. This…
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M-Pesa revenue hits record Ksh.100 billion mark 15 years on
Safaricom’s mobile money wallet, M-Pesa hit a Ksh.100 billion mark in revenue, to stand out as the telco’s top revenue…
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Embu Coffee Farmers receive license to broker coffee in Kenya
Embu Coffee Farmers Marketing Agency will henceforth operate as a fully licensed Coffee broker in Kenya This is after the…
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IFC acquires 6.7% shares in Equity Group worth Ksh.13.9 billion, 2nd largest shareholder
The International Finance Corporation (IFC) has acquired a 6.7 percent stake in Equity Group to become the lender’s second-largest shareholder.…
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Bitcoin falls to Ksh.3 million level, lowest since July 2021
Bitcoin slumped to Ksh.3.4 million ($30,000) for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets…
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