Markets
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Kenya’s PMI drops below 50-point mark in April
Kenya’s private sector activity fell in April to 49.5, hurt by rising consumer inflation and supply shortfalls for some goods.…
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Kenya Shilling hits record low to 116 units against US dollar
The Kenya Shilling weakened to its lowest level against US dollar Monday, signaling harsh economic times an ordinary Kenya is…
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Sanlam stocks rally on promising Ksh.243.7 billion merger deal with Allianz
Sanlam Kenya PLC stocks rallied Friday on the Nairobi Securities Exchange (NSE) to trade Ksh.12.9 per share from Ksh.12.05 Thursday.…
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Oil prices surge on supply fears as EU mulls embargo on Russian oil
Oil prices extended gains on Thursday on supply concerns as the European Union (EU) proposal laid out plans for new…
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Sanlam stocks up 8.07% after striking Ksh.243.7 billion merger deal with Allianz
Thursday evening closing figures on the Nairobi Securities Exchange (NSE) saw Sanlam Kenya stocks edge up 8.07 percent to trade…
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Two Indomie products flagged for posing danger to human health
Food Safety Authority of Egypt (FSA) ordered two products of Indomie to be recalled from the market for being unfit…
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NSSF buys extra 11 million shares from KCB Bank worth Ksh.440.5 million
The government-owned National Social Securities Fund (NSSF) has purchased an additional 11.7 million shares from Kenya Commercial Bank (KCB) valued…
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Stocks trading on NSE to remain shut for 3 days
Stocks trading on the Nairobi Securities Exchange (NSE) will remain shut for three days starting April 29, 2022. This will…
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Kenya brokers final deal with oil marketers to end fuel shortage
The Oil Marketing Companies (OMCs) have appeared less hawkish over fuel supply in Kenya following the government’s announcement that it…
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Kenya to import oil directly from UAE to end fuel shortage
Kenya will start importing oil directly from the United Arab Emirates (UAE) to do away with the fuel shortage crisis.…
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