Coronavirus could cost Trump the election, Goldman Sachs warns

By CNN,

A market meltdown. Surging recession fears. And a sudden spotlight on America's health care system. Goldman Sachs is warning Wall Street that the c...

coronavirus , Trump , wuhan

Global concerns including Coronavirus wipe out Ksh.91B from NSE in two days

By Kepha Muiruri,

Investors at the Nairobi Securities Exchange (NSE) have seen the wiping out of an excess of Ksh.91 billion in just two days as participants registered...

Central Bank of Kenya (CBK) , Nairobi Securities Exchange (NSE) , NSE 20

New wonder drug may help treat coronavirus symptoms, WHO says

By CNN,

Shares of American biotech firm Gilead Sciences rose nearly 5% Monday after an official from the World Health Organization said that Gilead's drug rem...

NSE bets on incubator graduates to sprout new listings

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has tipped its incubator program to build the exchange’s first listings ending a three-year barren run. NSE...

Geoffrey Odundo , Nairobi Securities Exchange (NSE)

China slowly returns to work as coronavirus toll hits daily record

By Reuters,

Workers began trickling back to offices and factories around China on Monday as the government eased some restrictions on working during a coronavirus...

china , coronavirus

Tullow Oil Kenya announces plan to fire some of its 650 staff

By Kepha Muiruri,

British-based oil explorer Tullow has issued a redundancy notice with respect to its staff members in Kenya, signalling massive job losses at the firm...

Tullow Kenya

Chinese markets plunge as Coronavirus death toll rises to 361

By Reuters,

Chinese stock and commodity markets fell heavily on Monday as the death toll from a coronavirus epidemic in China rose to 361 and investors retreated ...

china , coronavirus

Banks cut bad loans to 12 per cent in crackdown on defaulters

By Kepha Muiruri,

Commercial banks have aggressively gone after loan defaulters trimming their gross performing loans exposure to 12 per cent at the end of December. ...

Banking Sector , CBK , non performing loans (NPLs)

Coronavirus death toll rises to 106 as first Beijing patient dies

By CNN,

The new strain of coronavirus spreading across China claimed its first victim in Beijing, officials said on Tuesday, as the death toll climbed to 106....

coronavirus

Tullow planned exit complicates Kenya’s petrodollars quest

By Kepha Muiruri,

Tullow’s planned exit from its equity stake in Project Oil Kenya has opened up fresh questions into the country’s future oil exploits. This is ...

Ministry of Petroleum , Tullow Oil

Banks share prices set for correction

By Kepha Muiruri,

Listed commercial banks share prices are set to re-adjust downwards in the near term as the market absorbs shocks emanating from observed investor ove...

banks , Nairobi Securities Exchange (NSE)

Shilling could weaken if Treasury dumps external commercial loans – Report

By Kepha Muiruri,

Analysts at Genghis Capital have raised fresh concerns on the volatility of the shilling should the National Treasury’s plan to stop taking up exter...

Central Bank of Kenya (CBK) , Genghis Capital , shilling

Bank stocks set to drive NSE Bull Run

By Kepha Muiruri,

The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI

Study confirms fears of falling incomes for majority of Kenyans

By Kepha Muiruri,

A recent study has confirmed fears of a steep fall in disposable incomes for Kenyans. This means that spending in the two month cycle is expected t...

holiday shopping , Kenyan economy , Retail Traders Association of Kenya (RETRAK)

Cytonn shelves listing plan, cites depressed stock market

By Kepha Muiruri,

Alternative investments firm Cytonn has put off its public listing plan citing the continued depressed performance of company stocks. The firm whic...

Cytonn Investments , ipo , nse

Safaricom’s NSE dominance extends to derivatives market

By Kepha Muiruri,

Safaricom has seen its dominance of the Nairobi Securities Exchange (NSE) extend to the recently launched derivatives market to mirror the firm’s ov...

CMA , NEXT derivatives , nse , Safaricom

Bank mergers out do acquisitions in profitability

By Kepha Muiruri,

The consolidation of banks through mergers has emerged as a more profitable venture in comparison to acquisitions, fresh data from the Central Bank of...

Central Bank of Kenya (CBK) , mergers and acquisitions

Banks holding more money than ever before as Kenyans suffer empty wallets

By Kepha Muiruri,

Combined, commercial banks are now holding more cash reserves than ever before even as the private sector languishes in a cash-crunch strangle hold. ...

CBK , Kenya Bankers Association (KBA)

Money under mattress? Critics raise concern as CBK deadline for old Ksh.1K notes nears

By Kepha Muiruri,

The demonetisation order from the Central Bank of Kenya (CBK) which largely involves removing old series Ksh. 1000 notes from circulation risks closin...

CBK , demonetization

BAT risks expulsion from NSE derivatives market

By Kepha Muiruri,

British American Tobacco (BAT) Kenya risks expulsion from the recently launched derivatives market at the Nairobi Securities Exchange (NSE) over non-o...

BAT Kenya , CMA , derivatives , nse