PRIME Local interest rates peak, risk terms ease The risk-off environment has been underpinned by a fall in inflation rate which declined below the mid-target of five percent in July to 4.3 percent before rising slightly to 4.4 percent in August.
PRIME Bond trades lift stockbrokers commissions 31pc The secondary bonds market at the NSE saw trades worth a record Sh782 billion in the half-year period, compared to Sh309.9 billion in the corresponding period of 2023.
PRIME 1.5m NSE accounts inactive as IPO drought bites Most of the inactive accounts came into the market through the heavily oversubscribed KenGen and Safaricom IPOs.
T-bill rates decline for six consecutive weeks Data from CBK shows the interest rates on the shorter-dated securities --the 91-day, 182 day and 364-day papers-- have fallen since the start of August.
PRIME Top banks cut provisions despite higher loan defaults The Kenyan operations of listed banks for instance saw a Sh564 million reduction in loan loss provision in the six months ended June 2024 to Sh34.3 billion, from Sh34.9 billion a year earlier.
Listed firms to share financial calendar under new CMA rules CMA and NSE say new rules will enhance transparency and improve communication between the companies and investors.
PRIME Centum raises stock repurchase price to Sh9.5, extends offer Centum said in a circular to shareholders dated September 5, that it is now seeking to buy 10 percent of the remaining 655.6 million shares.
PRIME EABL loan costs surge on higher T-bill rates The company also carries an outstanding medium term corporate bond of Sh11 billion
PRIME CBK seeks Sh30bn from reopened September bonds sale The CBK action has helped the local currency to gain ground against world majors
PRIME Investment income lifts insurers’ half-year profits amid high claims Insurers have been reporting elevated claims increasing their spending even as the growth in written premiums has lagged behind.
PRIME Kenya, Netherlands eye deals for capital markets funding for water sector 45 percent of the country's water supply is non-revenue generating.
PRIME 1.2m Kenyans sign up to unit trusts as assets hit Sh254bn CMA has approved 51 schemes which comprise 224 funds including equity funds
PRIME Bamburi mints millionaires on 182pc dividend, share return The share price opened the year at Sh35.85, but has since then more than doubled to a near five-year high of Sh77.25.
PRIME Foreigners slow down NSE exits ahead of US rate cut The US Federal Reserve is expected to commence interest rate cuts this month supported by a temperance in inflation.
PRIME Bank loans fall by Sh158bn on high interest rates, defaults CBK expects bank lending to improve towards the end of the year but sees default risks remaining persistent.
PRIME NSE to open fractional share trading by December 31 An investor can choose several shares of listed companies instead of putting all their money into one company's stock.
PRIME CBK mops up Sh32bn more from bonds sale The CBK has accepted Sh32 billion from the bids with investors locking in the allocated return of 17.7279 percent from the paper.
PRIME Falling lending rates raise hope for cheaper loans New data from CBK shows average commercial bank lending rate fell to 16.84 percent in July from 16.85 percent in June, the first monthly drop since October 2022.
Bridging Africa, Indonesia trade gap The AfCFTA, stretching from Cape Town to Cairo and Accra to Antananarivo, is one of the most progressive trade agreements globally and will enhance market access to the Pan-African market.
PRIME Banks defy hard times to report huge profits The 10 listed Kenyan banks collectively reported a 27 percent or Sh25.2 billion rise in net profit to Sh119.82 billion in the six months to June, their respective financial filings show.
PRIME NSE banks’ deposits expense rises 54pc as rate hits 1998 level CBK data shows banks raised interest rates on deposits to 11.48 percent by end of June, a level only dwarfed by the 17.85 percent that banks were offering customers in May 1998.
PRIME Safaricom owners get Sh26bn early payday Retail investors started receiving their payouts through the M-Pesa mobile platform early in the week.
PRIME Listed banks double interim dividend pay to Sh13bn The increased distribution to shareholders of listed banks comes amidst the improved industry profitability anchored primarily on increased lending margins.
Family Bank half-year profit up 17pc on increased interest The lender’s net profit growth came as net interest income rose by 12.7 percent to Sh4.97 billion and non-interest income grew by 20 percent to Sh2.28 billion.
I&M share price reverses record gain with 34pc fall I&M's share price was trading at Sh20.60 on Tuesday before the results announcement.
