Kenya Re half-year profit rises to Ksh.1.6 billion

By Kepha Muiruri,

Kenya Reinsurance (Kenya Re) profit through the first six months of 2020 has soared by 46 per cent to Ksh.1.6 billion. The growth in earnings throu...

Kenya Re

NSE listed corporate bonds fall to 5 as Centum exits

By Kepha Muiruri,

The number of listed corporate bonds and commercial paper on the Nairobi Security Exchange (NSE) has fallen to five with Centum Investment retiring it...

Capital Markets Authority (CMA) , Centum Investment , corporate bonds

Coronavirus pandemic deepens Kenya’s debt wound

By Kepha Muiruri,

The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...

coronavirus , debt , Ukur Yatani

OPINION: Tailored mitigation efforts could cushion economy better from Covid-19 pandemic

By Citizen Reporter,

By Desmond Boi The coronavirus pandemic has certainly thrown into sharp relief the interconnected clasp of globalization and nationalism and revea...

COVID-19

Kenya retains 3rd place in continental investor attraction ranking

By Kepha Muiruri,

Kenya has retained third place in its attraction to investments on the continent, according to the recently published ABSA Africa Financial Markets In...

ABSA Africa Financial Markets Index , CMA , nse

MWANGI: Low saving rates a factor in Kenya’s economic slowdown

By Citizen Reporter,

By Kevin Mwangi Things are looking bleak for the Kenyan economy and it is expected to continue facing challenges of increased debt servicing burden, ...

Amana Capital , economy , GDP , World Bank

NSE taps into top stocks in safe-bet derivatives

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has picked seven of the best performing shares on its 25 index to kickstart the derivatives market whose launch ...

nse

Treasury eyes Islamic finance with law amendments

By Reuters,

Kenya's government has unveiled a package of initiatives under its latest budget to develop Islamic finance in the country, as part of efforts to mobi...

banking , financial hub , Henry Rotich , Islamic Finance , Islamic Finance Project Management Office , National Treasury , public finance management act , resource mobilization , source of revenue , sukuk bond , Takaful , tax charges

Apple plans to sell $1 billion of 30-year bonds in Taiwan

By Reuters,

Apple Inc plans to issue bonds in Taiwan for the first time with the aim of raising $1 billion, sources familiar with the matter said, joining a queue...

apple , Taiwan

Kenya’s shilling eases, stocks close higher

By Agencies,

Kenya's shilling eased on Wednesday due to increased dollar demand from companies across all sectors to meet their obligations before they close for t...

Forex , Kenya Shilling , markets

Kenyan shilling flat as NSE20 share index falls

By Eric Ndubi,

Kenya's shilling was unchanged on Thursday, with corporate demand for dollars subdued ahead of the Christmas holidays. At market close, the shillin...

Kenyan shilling firm, eyes on any central bank action

By Agencies,

The Kenyan shilling was steady against the dollar on Wednesday and traders said it would keep moving in a narrow range given prospects of central bank...

Forex , kenya , kenyan shilling

Kenya’s shilling a tad stronger on low dollar demand; stocks rise

By Agencies,

Lacklustre demand for the dollar from corporate buyers helped Kenya's shilling firm slightly on Friday, traders said, while stocks rose. At the clo...

Tanzania to launch derivatives trading for stocks, forex

By Agencies,

Tanzania plans to introduce derivatives trading on the Dar es Salaam Stock Exchange over the next few months, the bourse's chief executive said, in a ...

business , Forex , stocks , Tanzania

Kenya’s shilling firms to 4-week high

By Agencies,

Kenya's shilling strengthened to a four-week high on Wednesday due to tight liquidity and commercial banks offloading their long dollar positions, whi...

dollar , kenya , Kenya Shilling , shilling

Gov’t offers first ever mobile Treasury bond

By Patrick Igunza,

Ordinary Kenyans will now have a chance to lend at least Sh3000 to the government following the launch of a mobile phone platform through which the go...

m-akiba , mpesa , Safaricom , treasury infrastructure bonds

Shilling drops further against the U.S. dollar

By Agencies,

Kenya's shilling dropped a little on Tuesday, under pressure from some corporate demand for dollars, while stocks rose. At the close of trade at 13...

African Markets – Factors to watch on Sept 15

By Agencies,

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on ...

africa , kenya , south africa , Zambia