PRIME Monetary policy easing opens up cheaper financing for Africa Global ratings agency Moody's upgrades region's credit fundamentals outlook to stable from, from negative last year.
PRIME CBK raises Sh48bn from long-term bonds as interest rates decline In the January issuance, the CBK reopened a 15-year paper first issued in 2018 and a 25-year bond whose debut sale was done in 2022, with a combined target of Sh30 billion.
PRIME Kenya Airways share price doubles in eight days at NSE Investors have traded a total of 3.4 million shares worth Sh17.63 million of the company in the period since its return. KQ has a total of 5.68 billion shares trading at the NSE.
PRIME Treasury now drops Sh204bn switch bond plans “Treasury is indicating that it is comfortable with how the domestic borrowing scenario has turned out.”
PRIME T-bills share of domestic debt rises to 14pc In the second half of last year, the stock of debt in the form of Treasury bonds went up by 5.6 percent or Sh257 billion to Sh4.88 trillion.
PRIME IMF urges tight rules for crypto innovations in CMA sandbox The CMA runs a sandbox to enable companies to try out new technology, such as crypto assets, for trading and settling digitised bonds and stocks.
PRIME T-bill interest rates fall further as CBK rejects expensive bids The pace of fall in rates has eased off however in the last month, going down by between 0.52 and 0.86 percentage points.
PRIME Investors reap gains of over 21pc from infrastructure bond sale The 8.5-year IFB with a tax-free coupon of 18.46 percent is currently the highest return on offer on any government security on the market.
PRIME NSE investor wealth at a two-year high of Sh2trn In 2024, foreign investors cut their net exits from the NSE to Sh16.5 billion from Sh19.08 billion in 2023.
PRIME NSE foreign investor net outflows fall to Sh16.5bn Market data shows that foreigners made net sales of Sh16.5 billion last year, down from Sh19.08 billion in 2023.
PRIME Inside KQ, CMA fight over trade in the airline’s shares Early last year, a Kenya Airways minority investor sued the CMA for allegedly abusing its discretionary powers by maintaining the suspension of the shares despite a lack of evidence that the...
PRIME Recent T-bill rates decline eases off as investors cut their bids Last week’s auction saw the rate on the 91-day Treasury bill fall to 9.82 percent from 9.89 percent the previous week, while the rate on the 182-day T-bill remained unchanged for a third straight...
PRIME StanChart share price gains to set new record of Sh300 The rally has lifted the company’s market capitalisation to Sh110 billion.
PRIME NSE gets competitor in fractional securities trade ahead of launch The idea of tokenisation has been picking up pace across the globe.
PRIME NSE beat African exchanges in 2024 dollar returns For the NSE, the appreciation of the shilling handed dollar investors a significantly higher annual return compared to the market’s shilling denominated returns.
PRIME Where Kenyan investors made, lost money in 2024 The NSE is expected to continue benefiting from reduced foreign investor sell-offs compared to the last four years.
PRIME Here are NSE’s investment bankers’ succession plans Kenya’s top investment banks are laying the ground for the takeover of their companies by heirs in an elaborate succession plan.
PRIME How battle for deposits cost top banks extra Sh63bn Banks have watched as the number of customers opting to invest directly in government paper rise, forcing them to increase returns on deposits.
PRIME Gains from NSE dead stocks beat blue-chip firms in 2024 EAPC led the market with share price gains of 306.9 percent in the year to date, followed by Kenya Orchards (259 percent) and Kenya Power at 182.4 percent.
PRIME How Kenya averted risk of debt default during the year A maturing $2 billion Eurobond raised fears of a possible sovereign default, which would have had devastating consequences for the economy.
PRIME Stronger shilling takes shine off gold listing on NSE The gold ETF has tracked the price of gold as expected in US dollar terms, recording a performance of 24.51 percent as of December 17.
Investors hit as T-bill rates fall below 10pc Interest rates on government securities have been falling in line with the progressive cut in the CBK’s base rate from 13 percent to 11.25 percent.
PRIME Safaricom, Genghis Capital fight over M-Pesa unit trusts Genghis Capital accuses Safaricom of business fraud.
HF raises Sh6.4bn in oversubscribed rights The lender had offered 1.153 billion shares in the issue seeking Sh4.6 billion.
PRIME Bamburi buyout succeeds with more than 96pc stake acquired The total shares transferred so far are therefore valued at Sh22.74 billion as per the buyout price of Sh65 per share.
