(NAIROBI, KENYA) – Six major coffee buyers bought 85% of the coffee traded at the Nairobi Coffee Exchange Sale 36, showing the continued control of a few players in Kenya’s coffee auction market. The auction at Wakulima House generated KES946.98 million ($7.3 million / £5.7 million / €6.6 million) fromContinue Reading
(NAIROBI, KENYA) – Kenya’s pension schemes sharply increased their holdings of quoted shares in the first half of 2026, moving more capital towards the Nairobi Securities Exchange (NSE) as falling government bond yields and rising share prices made equities more attractive. Data from the Retirement Benefits Authority (RBA) shows pensionContinue Reading
(NAIROBI, KENYA) – Shareholders of companies listed on the Nairobi Securities Exchange will receive KES74.95 billion ($576.5 million / £454.2 million) in dividends between late August and early November, boosted by a sharp rise in corporate profits and share prices. The payouts have become a key source of cash forContinue Reading
(NAIROBI, KENYA) – Absa Group has failed in its bid to raise its stake in Absa Bank Kenya to as much as 85% through a tender offer worth about $238 million (KES30.8 billion / £187 million). The South African banking group bought 189.38 million shares from minority shareholders out ofContinue Reading
(NAIROBI, KENYA) – The board of directors of Shelter Afrique Development Bank (ShafDB) has approved the establishment of a programme to issue KES 64.61 billion ($500 million / £392 million) worth of bonds across East African capital markets. This marks a significant step towards the launch of the regional debtContinue Reading
(Nairobi, Kenya) – The Nairobi Coffee Exchange recorded strong trading activity this week after 18,089 bags of coffee weighing 1.115 million kilogrammes were sold for KES 994 million during Sale 34, reflecting sustained demand for Kenyan coffee in the international market. The auction posted an average price of KES 44,503Continue Reading
(NAIROBI, KENYA) – Car and General shares rallied by 31.3 percent during trading on the Nairobi Securities Exchange on Thursday. The diversified dealer more than tripled its interim dividend payout. The firm’s shares touched a high of KES 285 each during the day before closing at KES 242.25 per share.Continue Reading
(SYDNEY, AUSTRALIA) – Australian shares closed out their worst week since April. Financial stocks dipped and miners fell. The energy sector slipped on Friday but still gained 2.8 percent for the week on the back of strong oil prices. Hopes for a deal to reopen the Strait of Hormuz faded.Continue Reading
(NEW YORK, USA) – Oil prices rose slightly on Friday, 14 August, after the United States threatened an indefinite naval blockade of Iran. The move revived concerns about crude oil supplies. Brent crude futures gained 1 cent, or 0.1 percent, to 87.08 US dollars per barrel. West Texas Intermediate crudeContinue Reading
(SYDNEY, AUSTRALIA) – The Australian sharemarket closed lower on Thursday as falls in major companies including Commonwealth Bank, Rio Tinto and Telstra outweighed gains elsewhere. The S&P/ASX 200 lost 20.90 points, or 0.2%, to close at 9188.50. Six of the 11 industry sectors finished in the red. The index trimmedContinue Reading
