At the latest Government Securities Auction, Treasury Bills saw a tiny drop in the interest rates offered by the Central Bank of Kenya (CBK). This is the first time we’ve seen this happen in 24 months! CBK got bids totaling KSh 28.5 billion at the Weekly T-Bills auction. That’s against KSh 24 billion offered at…
The Nairobi Securities Exchange (NSE) is Kenya’s main stock exchange. Established in 1954, it’s one of Africa’s largest securities exchanges. It’s located in Nairobi, Kenya’s capital, and lets people trade shares, bonds, Real Estate Investment Trusts (REITs), and other financial stuff. The NSE is regulated by rules set by the Capital Markets Authority of Kenya…
The world’s largest asset management firm, BlackRock, has made a significant investment in the Nairobi Securities Exchange (NSE) after a four-year hiatus, marking a win for the Kenyan bourse as it emerges from its toughest year yet. Kamau Thugge, the Central Bank of Kenya (CBK) governor, shared in a recent meeting with bankers that he…
During Safaricom Investment Co-operative’s 15th Annual General Meeting, shareholders approved a rebate payout of KSh 142.4 million. This rebate announcement came after Safaricom Investment Co-operative Society realized a net profit of KSh 203.4 million for the fiscal year ending December 31, 2023. In comparison, the society had reported net profits of KSh 266 million in…
In a groundbreaking move, the Nairobi Coffee Exchange (NCE) is set to undergo a transformative shift under the watchful eye of the Capital Markets Authority (CMA), heralding the emergence of The Coffee Exchange. Kenya’s Ambitious Coffee Reforms Unveiled Kenya’s ambitious coffee reforms are in full swing, marked by the comprehensive implementation of the Capital Markets…
In November 2023, the overall inflation rates demonstrated stability, primarily bolstered by a decline in the prices of crucial food items. Despite a slight uptick to 6.9 percent from 6.8 percent in October, this stability was maintained. Notably, there was a marginal decrease in food inflation, resting at 7.8 percent in October compared to 7.9…
Kenya’s stock market recently experienced a significant downturn, ranking as the worst-performing globally. As of November 10, 2023, the Nairobi Securities Exchange 20-share index plummeted to 1420 from 1509 on September 29, 2023—a substantial 6% decline in just six weeks. This decline is alarming, considering the market had previously surpassed the 5000 mark in better…
The investment landscape in Kenya is currently grappling with significant hurdles as a result of prevailing macroeconomic conditions. These conditions have raised apprehension across various investment sectors. This article sheds light on the pivotal macroeconomic factors that are shaping the investment environment within the country. Kenyan Currency Depreciation and Inflation Over the preceding year, the…
