The world’s largest asset management firm, BlackRock, has made a significant investment in the Nairobi Securities Exchange (NSE) after a four-year hiatus, marking a win for the Kenyan bourse as it emerges from its toughest year yet. Kamau Thugge, the Central Bank of Kenya (CBK) governor, shared in a recent meeting with bankers that he…
During Safaricom Investment Co-operative’s 15th Annual General Meeting, shareholders approved a rebate payout of KSh 142.4 million. This rebate announcement came after Safaricom Investment Co-operative Society realized a net profit of KSh 203.4 million for the fiscal year ending December 31, 2023. In comparison, the society had reported net profits of KSh 266 million in…
In a groundbreaking move, the Nairobi Coffee Exchange (NCE) is set to undergo a transformative shift under the watchful eye of the Capital Markets Authority (CMA), heralding the emergence of The Coffee Exchange. Kenya’s Ambitious Coffee Reforms Unveiled Kenya’s ambitious coffee reforms are in full swing, marked by the comprehensive implementation of the Capital Markets…
In November 2023, the overall inflation rates demonstrated stability, primarily bolstered by a decline in the prices of crucial food items. Despite a slight uptick to 6.9 percent from 6.8 percent in October, this stability was maintained. Notably, there was a marginal decrease in food inflation, resting at 7.8 percent in October compared to 7.9…
Kenya’s stock market recently experienced a significant downturn, ranking as the worst-performing globally. As of November 10, 2023, the Nairobi Securities Exchange 20-share index plummeted to 1420 from 1509 on September 29, 2023—a substantial 6% decline in just six weeks. This decline is alarming, considering the market had previously surpassed the 5000 mark in better…
