Headlines, Market News


Foreign Investors Ended the Week with a Dwindled Activity at the NSE
equities
Foreign investor activity declined to 54.4 percent of total market activity from 67.20 percent recorded previously. Activity was mostly in Safaricom ...

Shilling Gains Traction Against the Euro and the Sterling Pound

Kenyan Shilling The Kenyan shilling gained traction against the Sterling Pound and the Euro but slightly retracted against the US Dollar on ...

More Tribulations as Uchumi Supermarket’s Loss after Tax Rises By 63.6%

The loss after tax for Uchumi Supermarket has increased by 63.6 percent to 895 million shillings as compared to 2016. The ...

Kenya Eyes 200 Billion Shillings in 2 Eurobond Issues
CBK Announces Ksh 35Bn Tap Sale on the Infrastructure Bond
Kenya intends to raise USD 2 billion (circa 200 billion shillings) in the international markets via two Eurobond issues. The maturity of ...

High Debt Levels in Kenya and Unpredictable Policies in Tanzania among Prominent Risks to Business

The ballooning foreign debts in Kenya and the uncertain policymaking in Tanzania are among potential risks that are set to affect businesses ...

Who is Fooling Who: The Central Bank of Kenya or IMF?
CBK Announces Ksh 35Bn Tap Sale on the Infrastructure Bond
On Tuesday, information emerged that Kenya was denied access to 152 billion shillings meant for the precautionary facility from the International Monetary ...

London Distillers Ordered To Close over Environment Pollution

The National Environment Management Authority (NEMA) has issued closure orders to London Distillers over environmental pollution on residential housing developments worth millions ...

Shilling Gains Traction Against the Dollar as Concerns Arise over its safety

The Kenyan shilling gained traction against the US Dollar, the Sterling Pound, and the Euro on Tuesday even as analysts continue to ...

Kenya’s Economy to Grow Between 5.25% and 5.75% in 2018

Kenya’s economy is expected to grow at the rate of 5.25 and 5.75 percent in 2018 according to a report ...

Diaspora Remittances Hit an All-time High of Ksh.197.12 Billion in 2017
CBK Touts Kenya's Economy as Bullish with ‘Extraordinary Resilience’
Diaspora Remittances hit an all-time high of 197.12 Billion shillings in the 12 months through December 2017. This, according to the ...