Central Bank of Kenya Governor Patrick Njoroge during a press conference after a past Monetary Policy Committee meeting in Nairobi. FILE PHOTO | NATION MEDIA GROUP The Central Bank of Kenya (CBK) on Wednesday retained the base lending rate at 7 per cent for the sixth time in a row shrugging off rising concerns over […]
ICT Cabinet Secretary Joe Mucheru with his Public Service, Youth and Gender Affairs counterpart Sicily Kariuki after launching Ajira Digital, an online employment programme, at KCB Leadership Centre in Karen on November 24, 2016. PHOTO | ANTHONY OMUYA | NATION MEDIA GROUP A State-backed project aimed at training up to up to a million youth […]
CRDB and DSE were a positive effect on the Tanzania Share Index (TSI) while the cross listed counters pulled down the All Share Index (DSEI). The TSI gained 19.61 points during the week that ended on 15th January 2021, to close at 3,513.49 points. Correspondingly, the domestic market capitalisation went up by 0.56 per cent […]
Published 16 Dec,2020 via Business Daily – Over the years, the world has seen steady growth of the global Sukuk market. Sukuk is defined as a certificate of equal value representing undivided shares in ownership of tangible assets and services. Sukuk is an instrument for raising capital, usually referred to as an Islamic bond, tradeable […]
On Wednesday, the markets closed with Sanlam Kenya emerging as the top gainer of the day with 8.33 percent at a price of 13.00 shillings per share. The second top gainer of the day was BK Group with 7.89 percent at the price of 20.50 shillings per share followed by HK Group with a gain […]
The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Friday, the bank attributed the expected collapse in earnings to economic disruptions arising from the COVID-19 pandemic. The volatile operating environment has seen the lender raise its loan-loss coverage in […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The Nairobi Securities Exchange (NSE) will be hoping for a lift in 2021 with trading resuming for the New Year on Monday. Among key remedial measures sought will be the lure of foreign investors whose exodus in 2020 caved a hole in the […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
Nation Media Group has launched a new digital product, Nation Puzzles, which will give daily crosswords, Sudoku and word searches to its growing online audience. Group chief executive Stephen Gitagama said the product would be accessed via the new digital brand, Nation.Africa, giving the registered audiences a fresh way to challenge and stimulate their minds. […]
Nation Media Group CEO Stephen Gitagama. PHOTO | FILE Nation.Africa on Monday launched the Nation Puzzle, a new feature that will contain daily crosswords, sudoku, word searches designed to give the audience and registered members a fresh way to challenge themselves and simulate their minds. Nation Media Group CEO Stephen Gitagama said Nation Puzzles gives […]
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