T-bills were oversubscribed, with the overall subscription rate coming in at 156.4 percent, up from the 96.6 percent recorded the previous week. This is attributable to the eased liquidity in the money market. The 364-day paper recorded the highest subscription rate, receiving bids worth Ksh.19.4 billion against
Administration is the process of putting a company under the management of a competent manager who can run the business as a going concern in order to aid business recovery of the insolvent company to a level where the company is no longer insolvent – this is according
During the third quarter of 2021, T-bills were undersubscribed, with the overall subscription rate coming in at 87.8 percent, down from 115.3 percent recorded in the second quarter of2021, as investors shifted their interest to the bond market in search of higher yields. The subscription rate
The Kenyan shilling depreciated marginally by 0.2 percent last week against the US dollar to close the week at Ksh.110.1 from Ksh.109.9 recorded the previous week. Shilling depreciation can be attributed to high dollar demand from the energy sector. According to the Cytonn report, the shilling has depreciated by 0.8 percent
The Kenyan shilling depreciated by 0.2 percent against the US dollar to close the week at Ksh.109.8, from Ksh.109.5 recorded the previous week. According to the Cytonn report, it was due to increased dollar demand from commodities and the energy sector importers which outweighed the supply of dollars from
Cytonnn Investment is threatening to sue Capital Markets Authority (CMA) over defamation against the brand arguing that the authority was hurting the image of their brand and killing business. In a letter to CMA Chief Executive Wycliffe Shamiah, Cytonn argues that attacks by Shamiah are a threat to an
