PRIME Umeme investors face lower pay as concession ends Umeme’s 20-year electricity distribution concession expired on March 31.
PRIME Equity in Sh4bn top-up plan for Tanzania, Uganda units Mr Mwangi said the Tanzania subsidiary has now moved into a growth phase after dealing with its issues of high non-performing loans.
How increased bond trading gifted NSE Sh170m he bond market turnover rose by 140 percent to Sh1.5 trillion in 2024 from Sh643 billion a year prior.
CBK says to step-up purge on banks not lowering interest rates Dr Thugge said the government’s rising borrowing needs are also putting pressure on lending rates given that the fiscal deficit and growing domestic borrowing are crowding out private sector...
PRIME Bank CEOs step up push for loan rate formula review Banks admit that borrowers are yet to feel the impact of interest rate cuts despite industry-wide announcements as the different internal benchmarks mask the overall weight of reduction.
PRIME CBK seeks Sh70bn from three reopened April bonds CBK will be auctioning a pair of reopened 15-year bonds and a 25-year paper.
PRIME Speculators raid Uchumi stock, make it top performer at NSE While Uchumi remains an actively traded stock on the NSE, the company has been struggling to conclude a creditor payment plan which was to be financed using the Kasarani land sale.
PRIME NSSF diversifies into Eurobonds, private equity NSSF financial statement shows that it invested Sh7.17 billion in Eurobonds in the period to June 2024.
PRIME NSSF posts Sh3bn gain from equities and bonds Overall, NSSF’s net investment income grew by 238 percent or Sh29.4 billion to Sh41.7 billion, setting up pension savers under the fund for higher returns when they are declared for the year.
PRIME Investors return to longer T-bills as rates fall further The expectation by some investors was that the CBK would yield to pressure and start accepting pricier bids in order to meet the expanded target. It did not.
PRIME Secondary bond trading surges as sellers fetch premiums returns In the secondary market, bonds are usually sold at a premium or discount of their face value—which is the actual value or cost of the bond at its first issue.
PRIME T-bills share of domestic debt rises to 15pc The rise of Treasury bills as a portion of securities issued as debt is partly attributable to the issuance of short-term securities during the time of high interest rates.
PRIME Absa to unveil Morgan Stanley index-linked fund ETF in quarter 2 This will be East Africa’s second ETF listed on the Nairobi bourse.
PRIME Investors, CBK tussle over direction of interest rates Investors offered the government a total of Sh50.6bn in the sale, out of which the CBK accepted Sh42.5bn, rejecting the balance on cost concerns.
PRIME CBK in talks with banks to overhaul loan pricing models Banks have been reluctant to offer cuts equivalent to the four CBR cuts that CBK has made in six months.
PRIME SBG Securities profit falls 87pc on Diageo deal absence SBG’s net profit in the period stood at Sh19.55 million, down from Sh149.72 million in 2023.
PRIME Foreign investors sell NSE-listed stocks for five straight months Foreigners have had a significant influence in the market in the past when they accounted for most of the trading activity and drove gains or share price declines.
PRIME NSE falls in Africa returns table for foreigners on stable shilling The NSE was the top performer in Africa in 2024 as per the MSCI index with a gain of 65.3 percent, which was nearly double the next best return by Côte d'Ivoire at 34.9 percent.
PRIME T-bill investors rekindle interest in 91-day paper Investors have been rushing to 364-day papers to lock in higher yields for longer as domestic interest rates continue to fall.
PRIME Private Equity deals to rise on cheaper valuations An uptick of deals should result in a reversal of the dip in activity that was seen last year, compared to 2023.
PRIME Why unit trusts’ yields are declining The return on the 91-day Treasury bill fell below nine percent for the first time since October 2022 in the latest auction.
StanChart, HF join pool of NSE stocks visible to foreign-based investors The latest changes will take effect after the close of business on February 28, 2025, MSCI said in a statement on February 11.
PRIME Rate on 91-day T-bill dips below 9pc CBK took advantage of oversubscription to leave expensive bids on the table, helping cut the rates across all three T-bill tenors.
PRIME CBK raises Sh130bn from February infrastructure bonds sale The reopened IFBs on sale comprised 14-year and 17-year papers which were initially sold in November 2022 and March 2023.
PRIME Sixteen listed firms fail to issue investor calendars The calendar details all upcoming corporate events, along with their tentative dates.
