MARKETS
Money and markets section. This covers stock market, equities, bonds, banks and insurance as well as agribusiness.
CBK Takes Baby Steps Towards Launch Of a Digital Currency
The Central Bank of Kenya Governor, Dr Patrick Njoroge, says CBDCs can slash the time needed for cross border payments in addition to cutting costs significantly.
Sanlam Inks Partnership Agreement With Letshego Kenya
Listed non-bank financial services provider, Sanlam Kenya has sealed a deal to be the underwriting services provider for Letshego Kenya’s insurance arm, covering all the products...
High-Stakes Battle for Centum Sends Stock Tumbling
Centum has interests in Real Estate, Private Equity (PE), Development and Marketable Securities. Primarily, the letter poked holes in the management, business and operating models of its Real Estate and Private Equity ventures.
CBK Takes a Bold Step To Save Kenyans From CRB Listing
The CBK suspension directive, issued today 8th November 2021, applies to loans below Ksh5 million that were performing previously, but have become non-performing from 1st October 2021.
All You Need To Know About The MTN Uganda IPO
MTN Uganda opened its initial Public Offer that will run until 22nd November 2021 4pm. The MTN Uganda Chief Executive Officer, WIM VANHELLEPUTTE sheds...
MTN Uganda IPO Opened To Kenyan Investors
The MTN Uganda IPO offers for sale 4.4 billion ordinary shares, accounting for a 20% stake of the company, at a price of UGX 200.00 (KES6.25) per share. Each prospective shareholder must apply for at least 500 shares which, if fully allocated, results in a minimum investment of UGX 100,000 (KES3,125) per shareholder.
Jumia Black Friday: Here’s What To Expect
Jumia, Africa’s leading e-commerce platform, has launched the 9th edition of its “Jumia Black Friday” campaign dubbed Kila siku ni Black Friday(30 days of Black...
CDC Group To Invest £3 Billion To Combat Climate Emergency
CDC Group, the UK’s development finance institution and impact investor, is set to invest over £3 billion (Ksh456 billion) to support emerging economies in...