An overview of reliable crypto trading platforms of 2021

By Agencies,

The world of cryptocurrency trading is expanding as more investors are shifting their investments from forex and stocks to bitcoin or other cryptocurr...

The 3 important Imperatives for investing in stocks

By Citizen Reporter,

Buying stocks isn't a deterrent. The most difficult deterrent is to discover an association that dependably beats the stock trade. This is something t...

CBK dollar reserves rise by Ksh.8.8 billion as shilling extends gains

By Kepha Muiruri,

The Central Bank Kenya (CBK) dollar reserves have grown by Ksh.8.8 billion ($82 million) this past week on the back of new flows from external borrowi...

Central Bank of Kenya (CBK) , dollar , shilling

Kenya shilling rallies to its highest since December

By Kepha Muiruri,

The Kenyan shilling is now trading at its highest rate against the United States dollar since December last year. On Thursday for instance, the loc...

CBK , shilling

5 Reasons why Bitcoin is better than Fiat Money

By Agencies,

Since the introduction of Bitcoin in 2009, the preferences of the investors and traders are slowly moving towards the cryptocurrency market. There are...

Is online trading a safe way to invest in markets?

By Citizen Reporter,

COVID-19 has definitely disrupted several economies resulting in catastrophic losses but if one were to look at the financial markets' conditions, it ...

Elon Musk , Forex , GameStop , online trading

How safe is Forex Trading in Kenya?

By Citizen Reporter,

The forex market is the largest financial market in the world that involves buying and selling, or exchanging, of currencies around the world. There a...

Capital Markets Authority , Forex Trading

NSE warns Kenyans of copycat scam website

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has warned Kenyans of falling prey to a scam website that has been defrauding unsuspecting members of public. ...

Nairobi Securities Exchange (NSE) , scammers

The pinch of a fading shilling

By Kepha Muiruri,

On January 2, 2020, Ksh.101.34 would have been enough to get your hands on a US dollar, today, you would require Ksh.110.97 to close the same transact...

Central Bank of Kenya (CBK) , shilling , US Dollar

Stanbic Bank Kenya announces Ksh.3.6B profit after tax

By Citizen Reporter,

Stanbic Bank Kenya has announced a Ksh. 3.6 billion after-tax profit for the period ended September 30, 2020 underpinned by solid balance sheet growth...

stanbic

FinCEN files: 53 Kenyan banks, individuals made illicit transactions worth Ksh.6 trillion

By Faizal Ahmed,

About 53 Kenyan companies and individuals have been named as being part of a global team that involves terrorist networks and drug cartels that moved ...

FinCEN files , ICIJ , US Department of Treasury

UAP Holdings posts Ksh.305M half-year loss

By Citizen Reporter,

UAP Holdings (UAPH) Plc reported first half earnings that have seen growth in top-line while maintaining the focus on profitable growth, coupled with ...

Bamburi Cement half year profit up 83pc on lower costs

By Kepha Muiruri,

Bamburi cement has posted an 83 per cent profit growth to Ksh.721 million through the first half of 2020. The near double earnings acceleration is ...

Bamburi Cement

NCBA half year profit grows to Ksh.2.6 billion

By Kepha Muiruri,

NCBA Group has reported an 8.3 per cent rise in its half year profit to Ksh.2.6 billion from Ksh.2.4 billion last year. The marginal growth in earn...

NCBA

Financial regulators warn of rise in fraud schemes

By Kepha Muiruri,

The regulators of Kenya’s financial sector have warned of a rise in fraudulent and unregulated financial schemes as the COVID-19 pandemic continues ...

Capital Markets Authority (CMA) , Central Bank of Kenya (CBK) , fraud

Equity Group half-year profit falls by 24pc from higher costs to cover loan defaults

By Citizen Reporter,

Equity Group Holdings PLC (EGH) has announced its half year results for the period ended June 30, 2020 reflecting a 24% decline in profitability. P...

Equity , half year profit , James Mwangi

How to get started with Forex Trading in Kenya

By Trade Forex Kenya,

Forex trading is the term for buying or selling currency on the international currency market. This trading happens on the current exchange rate of...

Forex Trading in Kenya

Equity completes purchase of stake in Congolese bank for Ksh.10.3 billion

By Kepha Muiruri,

Equity Group has completed the acquisition of a 66.53 per cent bank in the Commercial Bank of Congo (Banque Commerciale du Congo). The deal which d...

Equity Group , mergers and acquisitions

DIAZ: Finally some light at the end of the tunnel

By Guest Writer,

Just a few months back, we feared the worst for the world economies. As the Covid-19 pandemic ravaged through developed economies to hit at the hea...

coronavirus , Kenya economy , safe flights

SIB forex fund delivers 20 per cent half-year return

By Kepha Muiruri,

Kenya’s premier regulated online forex trading money fund-Mansa X delivered a 20.3 percent return in six months through to June 30,2020. The fund...

Mansa X , standard investment bank