PRIME NSE wealth concentration now falls to 66pc CMA says there is a positive trend towards better distribution of wealth in the market as investors eye other companies.
Youth-led street demos hit repayment of digital loans Digital lenders say Tuesday and Thursday weekly demos have meant two less income-generating days, hurting clients' ability to service 7-day or 15-day loans.
Faulu Microfinance Bank launches money market fund Faulu Bank said it will leverage on the extensive expertise and resources of its parent company, Old Mutual.
ICT sector leads in new foreign direct investments in Kenya Total FDI liabilities rose by Sh84 billion to Sh1.1 trillion
UK firm to up stake in Lipton Teas with debt swap Lipton Teas has called for a virtual special general meeting (SGM) next week Tuesday July 21 for shareholders to vote on the proposal.
CBK misses bond sale target amid standoff with investors A standoff with investors over interest rates saw the government raise just under a third of its targeted Sh30 billion.
PRIME Ethiopia tops Kenya’s foreign assets on Safaricom entry Safaricom is aggressively investing billions of shillings in its start-up operation in Ethiopia.
Kenya beats Nigeria in AI investment inflows Kenyans are embracing the use of AI to catalyse their businesses and day-to-day activities.
PRIME Treasury bills in domestic debt hit historic low CBK data shows the stock of T-bills fell to Sh616 billion at the end of June 2024.
Mauritian-based equity fund pays Sh728 million for Credit Bank stake Credit Bank has now disclosed the value in the latest annual report, saying the money helped lift it from a regulatory capital breach.
PRIME Ruto’s NSE plan hit as private investors buy out top firms Bamburi Cement, one of NSE’s iconic blue-chip firms, is the latest target of private investors and will be delisted if Tanzania-based conglomerate Amsons Group’s Sh23.59 billion bid sails through.
PRIME Billionaire Baloobhai doubled Bamburi stake ahead of buyout Mr Patel’s stake in the cement firm rose to 30.52 million shares, equivalent to 8.41 percent of the company’s issued shares.
PRIME Foreigners buy new Sh1.92bn KCB shares amid price rally The latest purchases marked the third consecutive quarter of large purchases of the banking stock.
CMA gets green light to sanction ex-NBK finance boss for fraud Capital Markets Tribunal dismissed an application by Wycliffe Lindong’a Kivunira who had sought to block the CMA from imposing a Sh1 million penalty on him for impropriety.
PRIME Kenya eyes new Eurobond in 2026, Treasury says Kenya is expected to retire its next Eurobond in May 2027, clearing a liability of Sh116.5 billion ($900 million).
SIB Mansa-X fund assets surge by Sh10.7bn in months on investments The fund's asset growth is attributable to inflows from new investors and reinvestments by existing ones.
Bamburi’s stock gains 28 percent on buyout offer from TZ company A total of 17,100 shares changed hands at a range of between Sh49.6 and Sh60 –which is still below the buyout price.
PRIME CEO bonuses of top NSE firms dip to Sh735m An analysis of bonus payments published on respective annual reports by the firms shows that their top executives took home Sh734.7 million in the 2023 financial year, down from Sh816.3 mullion...
Property fund Fahari starts restricted trading The Reit’s shares (units) were available for trading on the platform yesterday at a fixed price of Sh11.
PRIME Eurobond yields fall, shilling steady amid downgrade Yields on the Eurobonds have trended lower in recent days in contrast to last week, surprising market observers who had expected the ratings downgrade to drive fear and selloff activity.
Real People ex-directors face CMA sanctions over Sh1.6 bn bond fraud The Capital Markets Tribunal dismissed an appeal by the four ex-directors who had sought to block CMA’s Ad Hoc committee from proceeding with the hearings on the matter.
Laptrust property fund sells Sh605 million stake The Reit posted a net profit of Sh244 million in the year ended December 2023 and recommended the dividend payout of Sh195 million.
Financial services provider CPF hits Sh73.1bn in assets Membership to the Country Pension Fund--which is drawn from county staff-- also rose in the year to 76,593 from 68,280 in 2022.
PRIME Bond turnover surges to Sh777bn on investor demand In the first half of last year, investors traded Sh309.9 billion worth of bonds, while the full-year total for 2023 stood at Sh643.9 billion.
PRIME Airtel Uganda’s parent to offload extra 9.1pc stake The multinational in November 2023 managed to sell 4.35 billion shares equivalent to a 10.89 percent stake in Airtel Uganda’s initial public offering (IPO).