Nairobi Securities Exchange wealth falls by $968m on profit-taking

Nairobi, April 17 -- Profit-taking by investors at the Nairobi Securities Exchange (NSE) in the past two weeks has cut investor wealth at the bourse by Ksh127.4 billion ($968.8 million) over the perio... Read More

Top banks cut paper losses on bonds by Sh16 billion in new lending trend

Nairobi, April 9 -- Top tier banks cut the paper losses on the market value of their bond holdings by Sh15.9 billion last year, reflecting their reduced appetite for new lending to the government in t... Read More

Acorn picks Nairobi's Kijabe Street for new 2,400 capacity hostel project

Nairobi, April 8 -- Property developer Acorn Holdings has opted for Kijabe Street to host its first student hostel facility in the Nairobi Central Business District, new disclosures show. The company... Read More

Umeme concession payout falls to Sh44bn on investments

Nairobi, April 8 -- Uganda-based electricity distributor Umeme Limited has cut the value of compensation it expects shareholders to receive from the Ugandan government when the firm's concession ends ... Read More

Ethiopian securities exchange raises targeted $11m capital

Nairobi, April 7 -- The recently established Ethiopian Securities Exchange (ESX) has realised its initial capital raise target of $11.07 million (Ksh1.45 billion) needed to fund the start of operation... Read More

James Mwangi: Equity Group CEO on why Kenya has become attractive to foreign lenders

Nairobi, April 5 -- Equity Bank was the second tier-one bank to record a profit decline in an industry that continues to defy the economic challenges to pay record dividends. Equity Group's CEO James... Read More

Single account nightmare for banks as State starts audit

Nairobi, April 4 -- The Treasury has launched an audit of the bank accounts held by national and county government entities to pave the way for the rollout of a Treasury Single Account (TSA) that the ... Read More

Top banks book Sh35bn forex gain from foreign units

Nairobi, April 2 -- Top Kenyan banks booked gains worth Sh35.8 billion when converting the 2023 financials of regional subsidiaries into Kenya shillings, reflecting the effect of a weaker currency in ... Read More

Equity entering general and health insurance end of June

Nairobi, March 31 -- Equity Group is set to roll out its general and health insurance arms by the end of June this year, raising its stake in the underwriting industry after launching life business in... Read More

Market data sales raise NSE profits to Sh18.4m

Nairobi, March 31 -- The Nairobi Securities Exchange (NSE) reported a 34 percent increase in net profit to Sh18.4 million in the year ended December, helped by higher revenue from sale of market data.... Read More