PRIME CBK eyes Sh80bn from bond sale to fund big May payment The sale of the 15 and 25-year papers will run until April 30, while the 20-year bond will be in the market until May 7.
PRIME Dividend yields on listed stocks overtake returns from government papers 19 firms posted dividend yields above the 91-day T-bill rate of 8.46 percent, with 12 of them also beating the one-year rate of 10.07 percent.
PRIME High investor appetite pushes NSE bond turnover up 46pc in first quarter Trading activity has mainly been concentrated on an 8.5-year infrastructure bond (IFB) issued in February 2024, and a trio of 17-year, seven-year, and 6.5-year IFBs issued in March, June, and...
PRIME Interbank lending rates fall to 20-month low on CBK moves The interbank lending rate has an influence on the cost of borrowing for consumers as it determines part of a lender’s funding expenses.
PRIME Top banks record Sh58.2bn gains on rebound in bond prices The nine major lenders had previously recorded Sh36.9 billion in impairments on bonds held for trading in 2023 as interest rates rose.
PRIME Umeme investors face payout delays on buyout deal dispute The company’s latest available shareholder register shows that by the end of 2023, it had a total of 6,543 shareholders, out of whom 5,068 had a holding of 10,000 shares or below each.
PRIME Investors hit as savings, bonds, NSE returns fall US tariffs, which sow fears of global trade war and recession, have battered stocks across the world, with the Nairobi Securities Exchange (NSE) losing Sh74.3 billion in a week.
PRIME T-bill rates fall to 3-year low on CBK move CBK’s momentary policy committee cut the base lending rate by 0.75 percentage points to 10 percent in its meeting on Tuesday.
PRIME NSE, shilling rebound on Trump tariff pause Bank stocks and tech shares were hit hard, retracing some of Wednesday's epic gains amid scepticism.
PRIME Banks want loan interest tied to interbank rate The bankers reckon that the current model has failed to take the cue from monetary policy actions like cuts on the benchmark rate.
PRIME Kenya trails South Africa, Mauritius in adoption of cryptocurrency Kenya has yet to establish any crypto-related regulations but is at an advanced stage of putting in place a legislative framework.
PRIME NSE investors bleed Sh124bn in three days on Trump tariff chaos Share prices of key stocks continued their downward trend yesterday on selling pressure from local investors.
PRIME Banks face daily fines from June on CBK rate purge The CBK says it will complete inspections in June before punishing banks found to be in contravention of the lending rate directive.
PRIME Eurobond yields spike, NSE slides further on Trump tariffs Global markets reacted to the tariffs with sharp losses from Friday, feeding off fears of a global trade war.
PRIME Treasury eyes an extra Sh10bn from bond tap sale For the tap sale, CBK selected the reopened 15-year bond, which raised Sh20.88 billion from offers totaling Sh20.89 billion in last week’s auction.
PRIME Amana fails to halt CMA order to refund investor Sh21 million Capital Markets Tribunal dismissed the fund manager’s application saying Amana cannot run away from the contract.
PRIME Global market turmoil hits NSE after Trump tariff shocks Stock markets in the US and the UK experienced their worst one-day falls since the beginning of the Covid pandemic in 2020.
PRIME Investors expect lower interest rates ahead of MPC meet In the bonds market, the CBK auctioned a trio of reopened bonds for its April issuance, seeking Sh70 billion from the market.
PRIME Banks eye more rate cuts, struggle to lower loan costs Fourteen banks had their overall weighted average lending rate increase between August last year and February 2025, defying CBK rate cuts.
PRIME Pension fund investments in NSE stocks up 42pc to Sh206bn With a share of 54.3 per cent or Sh1.1 trillion of pension fund assets, government securities remain the leading asset class.
PRIME Secondary bond trading rises further on falling interest rates The 8.5-year timed infrastructure bond has been the most traded security in the secondary bond market over the past year.
PRIME EABL bid to buy out small owners in Uganda falters EABL opened the tender offer pricing each of the units at Ush5,360 (Sh199.57) for a total purchase value of Sh434.7 million.
PRIME NSE targets 40 IPOs, but past trend casts long shadow NSE is bullish that a turnaround will take place in the next five years, with an average of eight new company listings per year and 1.8 million new active customers.
PRIME Kenyan banks book Sh57bn forex losses from regional units Last year, the Kenya shilling gained by 14.8 percent against the Uganda shilling and 15.3 percent against the Tanzania shilling.
PRIME Treasury nets Sh71bn from April bond sale on improved liquidity The National Treasury netted Sh71.4 billion from its April bond sale which closed yesterday, helped by a liquid money market and a renewed appetite for long-dated papers by institutional...
