Nairobi, July 9 -- More than Sh21 billion in extra dividends will be shipped to South Africa as Johannesburg-based multinationals buy additional stakes in Safaricom, Absa Bank Kenya and NCBA Group. S... Read More
Nairobi, July 8 -- Wealthy investors in the stock market have booked Sh39.51 billion paper gains on their shares at the Nairobi Securities Exchange (NSE) in the past 12 months to Wednesday, cementing ... Read More
Nairobi, July 7 -- The upward pressure on interest rates is expected to ease after progress in peace negotiations between the US and Iran pulled oil prices to a four-month low, allaying fears of prolo... Read More
Nairobi, July 6 -- Dollar investors in blue chip stocks at the Nairobi Securities Exchange (NSE) earned a return of 18.8 percent in the first half of the year, nearly matching local currency returns a... Read More
Nairobi, July 6 -- South Africa's multinational Absa Group is putting pressure on its Kenyan unit to raise more income from non-lending activities in order to reduce the impact of falling interest rat... Read More
Nairobi, July 5 -- Absa Group of South Africa will accept all offers of 10,000 shares and below for each shareholder in its purchase of an additional 16.5 percent stake in Absa Bank Kenya, sparing sma... Read More
Nairobi, July 1 -- The stock market offered investors the highest returns in the first half of the year, ahead of fixed income assets and property, as a rally led by bank shares boosted investor wealt... Read More
Nairobi, July 1 -- I&M Group founder and director Suresh Raja Shah and his two sons have seen the value of their shares in the bank double to Sh17.35 billion following a 94 percent rally on the stock ... Read More
Nairobi, June 29 -- The United Nations (UN) has opened an audit of one of its programmes in Kenya after investigations revealed that some senior Treasury officials siphoned Sh1.55 billion for personal... Read More
Nairobi, June 28 -- Family Bank will consider bringing in a strategic investor in future as it looks to diversify its shareholder base and help lower its founders' effective stake to meet the regulato... Read More