Markets
-
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.…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »