Markets
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Kenya likely to skip Ksh.124 billion Eurobond on renewed global market volatility
Kenya could go without the scheduled Ksh.124 billion Eurobond issue for the financial year ending June 2022. The National Treasury…
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Absa Life Assurance Kenya net profit up 84% to Ksh.245 million
Absa Life Assurance, a subsidiary of Absa Bank Kenya, has gained 84 percent net profit to Ksh.245 million for the…
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High Dollar demand weakens shilling further to 115.7 level
The Kenya Shilling has increased its vulnerability pace against the U.S Dollar, indicating a piled pressure on common commodity prices…
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Bitcoin value down 3% to Ksh.4.4 million
Bitcoin value slumped by three percent Monday to Ksh.4.4 million, having moved below the key Ksh.4.6 million level late on Friday…
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Kenya Shilling now 0.3 units shy to hit 116 level against US Dollar
The shilling is speculated to weaken to its lowest even further because Indonesia is imposing a ban on palm oil…
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Stocks, euro and oil stocks all tumble in Monday trading
Global stocks tumbled Monday after last week’s ugly close in the U.S. when the New York-based Dow Jones industrial average…
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Cooking oil prices to rise further on banned commodity export by Indonesia
Indonesia, the world’s top palm oil producer announced plans to ban exports of the most widely used cooking oil and…
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Sanlam overtakes GenAfrica as largest pension fund manager in Kenya
Sanlam is currently the biggest pension fund manager after taking over Ksh.46 billion National Social Security Fund (NSSF) portfolio from…
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Uber suspends operations in Tanzania indefinitely over price regulations
Ride-hailing company Uber has suspended its operations in Tanzania indefinitely following the imposition of a “fare guide” imposed by the…
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Govt flags petrol stations for overpricing fuel
Four petrol stations have been flagged for overpricing contrary to the ceiling price in the April review. The stations are…
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