Business
Government securities – What does the trend mean for your business?
August 25, 2023
Government securities – What does the trend mean for your business?
Throughout the year, investors have shown a preference for the short-end. Treasury has only managed to attract uptake of long-term…
Kenya Eurobonds: What we know so far
August 21, 2023
Kenya Eurobonds: What we know so far
In the week to August 19, the yields on Eurobonds were on an upward trajectory, with the yield on the…
More pain as Shilling value falls 0.4% against US Dollar
August 21, 2023
More pain as Shilling value falls 0.4% against US Dollar
The Kenya Shilling depreciated by 0.4% against the US dollar to close the week at Ksh.144.2 from Ksh.143.6 recorded the…
T-Bills oversubscribed for second week as investors opt for a 91-day shorter paper
August 21, 2023
T-Bills oversubscribed for second week as investors opt for a 91-day shorter paper
The Treasury Bills (T-Bills) were oversubscribed for the second week, with the subscription rate coming in at 186.2%, albeit lower…
IMF throws its weight behind Ruto’s fuel stabilisation mechanism
August 18, 2023
IMF throws its weight behind Ruto’s fuel stabilisation mechanism
President William Ruto’s fuel stabilisation mechanism received weighty support Friday amidst confusion about the return of fuel subsidy programme. Speaking…
African currencies under pressure on continued higher US interest rates
August 18, 2023
African currencies under pressure on continued higher US interest rates
Weaker currencies make the fight to curb inflation harder given that majority of African countries dependend on imports Since the…
Nigeria’s Eurobonds drop as President Tinubu says no need for petrol price rise
August 18, 2023
Nigeria’s Eurobonds drop as President Tinubu says no need for petrol price rise
Nigeria’s international dollar-denominated bonds fell on Wednesday, after the president’s spokesman said petrol prices did not need to rise more,…
Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
August 18, 2023
Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
Bitcoin slipped sharply on Thursday evening, tumbling by as much as 9 percent to just over $26,000. The cryptocurrency last…
Peter Njenga appointed KenGen Managing Director
August 17, 2023
Peter Njenga appointed KenGen Managing Director
Kenya Power General Manager in charge of Infrastructure Development – Eng. Peter Njenga, has been appointed the new Managing Director…
Kenya’s rice import value up Ksh.142.5bn in 5 years
August 17, 2023
Kenya’s rice import value up Ksh.142.5bn in 5 years
The volume of rice imported into Kenya has been on an upward trajectory for five years to 2022. In 2018…