PRIME Sidian Bank eyes extra Sh500m in latest rights issue Sidian’s fundraising comes as it seeks to remain compliant with statutory capital requirements which are pegged on a lender’s size of business.
PRIME Falling interest rates pile pressure on insurers as State papers returns tumble Returns on bank deposits are also on a decline, coming from the 22-year high of 11.48 percent in June last year to 8.87 percent at the end of April this year in an environment of falling Central...
PRIME Foreigners remain NSE net sellers for 8 straight months The Capital Markets Authority (CMA) attributed the dip in foreign investor activity in the first quarter to the expected US pronouncement on tariffs.
PRIME Locals complete exit from stockbroker AIB-AXYS Africa in Sh120m deal Mauritian financial services provider AXYS Group is keen to control a larger share of trading and corporate advisory deals on the Nairobi bourse
PRIME Former KenolKobil CEO to pay Sh5m fine for secret 6pc stake KenolKobil failed to disclose Mr Segman’s ownership in regulatory filings made between 2008 and 2012.
PRIME Canadian firm seeks approval to list crypto assets on NSE Valour has appointed GulfCap Investment Bank to act as the key transaction advisor for the cross-listing.
PRIME Standard Group offers 16pc discount in rights issue price CMA has given Standard Group the nod to sell 283,661,120 new shares to existing shareholders to help it inject capital in the media company.
PRIME Family Bank eyes NSE listing to fund growth Family Bank is seeking private placements from institutional and wealthy investors before finalising its listing strategy.
PRIME CMA okays Sh47bn fundraising for Talanta Sports stadium The facility will serve as collateral for investors who will receive income.
PRIME NSE stocks gain Sh121bn on easing of tariff wars Foreign investors accounted for about 41 percent of the Nairobi Securities Exchange’s (NSE) weekly traded turnover, which rose by 82 percent to Sh3.25 billion.
PRIME Fall in T-bill rates eases as bidders seek higher returns Investors are reluctant to accept lower returns amid an upward revision of the government’s borrowing target.
PRIME Umeme hints at lifting of share trading suspension Umeme stock has been suspended from trading since March 31, with the freeze extended by Uganda and Kenya regulators.
PRIME Licensed unit trusts hit 55 on rising investor interest Unit trusts make up the largest pool of licensed vehicles in Kenya’s capital markets ahead of other investment classes.
PRIME Saccos lend Sh91bn as banks, MFB loans decline Saccos began disbursing more loans early in 2024, driven by rising credit demand as bank interest rates became untenable.
PRIME Rich investors earn Sh57bn from Treasury bond deals Data published by CMA shows that the higher profits have also coincided with an increase in trading activity on the secondary market at the NSE, reflecting a rush to cash in on the capital gains...
PRIME May bond sales hit Sh100bn on close of latest auction The bonds were sold against a background of falling yields on securities following the recent cuts in the Central Bank rate (CBR) from 13 percent in August 2024 to 10 percent in April.
PRIME Foreigners’ NSE participation sinks on US tariff jitters Foreign participation dropped from 46.22 percent in January to 31.03 percent in March due to the impact of the US tariff announcement.
PRIME Secured interbank lending doubles to Sh69.6bn Market data shows that the lenders tapped a cumulative Sh69.67 billion from the horizontal repos between January and April in 2025.
PRIME Baloobhai Patel buys extra Sh157 million Absa Bank shares Patel’s latest shareholding in Absa means he will earn a dividend of Sh113.8 million per year.
PRIME Investors warm to long-term bonds in reopened Sh50bn sale The 15 and 25-year papers were first issued in April and October 2022, respectively, while the 20-year bond was initially sold in November 2012.
PRIME BK Group to issue shares in Rwandan insurers buyout BK Group is currently trading at Sh31.70 on the NSE, giving the lender a market capitalisation of Sh28.42 billion.
PRIME Dividend freeze looms as banks race to boost capital CBK says banks with a core capital base below Sh10 billion will likely freeze dividends to retain all of their profits in a bid to meet new capital requirements.
PRIME Offshore investors offload Sh1bn of KCB shares in first quarter The shares divested by the offshore investors were snapped up by local institutional investors.
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.
