Monthly bonds turnover on the Nairobi Securities Exchange (NSE) hit an all-time high of Sh118.1 billion in September on the back of a liquid market and demand for infrastructure bonds, while equities remained subdued as blue-chip share prices retreated. The previous high in bonds turnover for a single month was the Sh106.9 billion that was […]
Foreign investors made net sales on the Safaricom #ticker:SCOM and EABL #ticker:EABL stocks at the Nairobi Securities Exchange (NSE) last week, pulling down the share prices of these stocks as well as the bourse’s market capitalisation. The net outflows on the foreign desk — which accounted for 45.5 percent of total market turnover — stood […]
Nairobi — Brand valuation consultancy firm, Brand Finance has reported an 8 percent decline in the value of Kenyan brands featured in the Brand Finance Africa 150 2021 ranking with total firms accumulating a total brand value of USD1.4 billion, up from USD 1.5 billion recorded in 2020. The firm ranks over 5000 of the […]
KCB bank [File/Photo] The Kenya Commercial Bank (KCB) has revealed that it was the victim of a Sh2 billion fraud attempt on its banking system in 2020, at the height of the Covid-19 pandemic. The bank made public the incident on Thursday through its sustainability report which put the number of prevented cyberattacks at 3,624 […]
Nairobi — Brand valuation consultancy firm, Brand Finance has reported an 8 percent decline in the value of Kenyan brands featured in the Brand Finance Africa 150 2021 ranking with total firms accumulating a total brand value of USD1.4 billion, up from USD 1.5 billion recorded in 2020. The firm ranks over 5000 of the […]
A Chinese construction company has been ordered to hand over 10 housing units at Fourways Junction Kiambu to Equity Bank to settle a debt owed by the owners of the project. High Court Justice David Majanja directed China Wu-Yi Limited to surrender the houses located at Hibiscus Villas and Tulip Apartments to Equity. Muga Developers […]
Sopotnicki/Shutterstock.com Although regional economies have been hard hit, Kenya and other countries have seen the benefits of accommodative monetary policies as part of the emergency response by policy-makers and central banks. Recovery is expected during 2021, with Kenya bouncing back fastest, although held back by ongoing precautionary restrictions. The pandemic has also advanced digitisation . […]
In the middle of the coronavirus scourge, and at a time when businesses and households are still pandemic-scorched, Kenyan banks doubled their net earnings year-on-year to Sh50 billion during the second quarter of 2021. However, upon review, these ‘strong’ earnings were primarily driven by reduction in loan impairment charges (as bad loan impairment charges were […]
Foreign investors made net sales on the Safaricom #ticker:SCOM and EABL #ticker:EABL stocks at the Nairobi Securities Exchange (NSE) last week, pulling down the share prices of these stocks as well as the bourse’s market capitalisation. The net outflows on the foreign desk — which accounted for 45.5 percent of total market turnover — stood […]
Kigali, 30 th August 2021: Equity Bank Rwanda Plc has announced the appointment of Col (Rtd). Eugene Haguma as the Non – Executive Chairman to its Board taking over from Mrs. Evelyn Rutagwenda. Mrs Rutagwenda retired through rotation having served on the board for nine years, four of which she served as Chairperson. She will […]
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