<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5597735093001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Market capitalisation at the Nairobi Securities Exchange rose by Ksh445 billion in the nine months to September buoyed by performance of banks and Safaricom.</p>


Kenyan bourse buoyed by strong performance of banks, Safaricom

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5596660388001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The yield on Kenya’s ten-year Eurobond dropped to 6.54 per cent in the secondary market signalling that foreign investors may be jittery about the country’s long-term prospects.</p>


Yield on Kenya’s Eurobond rises

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5591928735001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The interest charged on Kenya’s public debt rose by 26 per cent in the 2016/2017 fiscal year as government stepped up borrowing to fund development projects.</p>


Interest on Kenyan debt grows by 26%

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe loading="lazy" style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5590551408001" width="300" height="150" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
</div>
<p>Kenya’s National Treasury expects the fiscal deficit to drop to 5.9 per cent of the GDP in the next budget year driven by reduction in expenditure. Elsewhere, Global Credit Ratings has accorded Cytonn Investments an initial rating of BB with a stable outlook. Maurice Oduor, Investment Manager at Cytonn Investments joins CNBC Africa to discuss market movements in the Kenyan market.</p>


Kenya projects 5.9% drop in fiscal deficit

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe loading="lazy" style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5589040614001" width="300" height="150" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
</div>
<p>Private equity Fund AfricInvest III plans to acquire 14.3 per cent stake in Britam Holdings Plc for Ksh5.7 billion. Elsewhere, the Kenyan shilling was under pressure on Tuesday driven by dollar demand by manufacturers.</p>


Britam Holdings to sell 14.3% stake to AfricInvest

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5584508917001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Kenya Airways new CEO and former head of Lot Polish Airlines, Sebastian Mikosz has hired five top Polish managers to assist him in turning around the troubled national carrier.</p>


Inside Kenya Airways restructuring plan

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5583073244001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Kenya’s ten-year treasury bond fetched a higher yield in this week’s auction as Central Bank notes that investors are disposing old stocks to buy cheaper bonds on offer in the primary market.</p>


Kenya’s 10-year treasury yields rise

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5579521302001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Monetary Policy Committee of the Central Bank of Kenya is expected to hold the key policy rate at 10 per cent in Monday’s meeting.</p>


Central Bank of Kenya expected to hold key lending rate

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5576016083001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Central Bank of Kenya has indicated that it will push for repeal of the Banking Amendment Act 2016, which caps interest rates for lending and deposits.</p>


Central Bank of Kenya considers reversing interest rate cap law

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5573647233001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>A year after Kenya passed a law capping interest rates at 4 per cent above the Central Bank rate, the banking sector is reporting income losses of up to Ksh26 billion, as analysts cut GDP growth projections for the country.</p>


Kenya’s interest rates cap wipes Sh26bn off banks’ income

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5566407012001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Non-performing loans in Kenya’s banking sector rose to close to 10 per cent in the second quarter of the year, as credit to key sectors such as trade, agriculture and real estate dropped.</p>


Non-performing loans in Kenya’s banking sector rise to 9.91% in Q2

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5565288943001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Mooody&#8217;s Investor Service says the prolonged political uncertainty in Kenya will hinder the development of policies to address the country&#8217;s main credit challenges, in particular the large fiscal deficit of 10 per cent of GDP.</p>


Political uncertainty dampen Kenya’s economic outlook

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe loading="lazy" style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5557717026001" width="300" height="150" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
</div>
<p>Standard Chartered Bank Kenya has announced a 33 per cent drop in half-year profit before tax. Still on company results, fashion retailer Deacons East Africa has reported a 242.8 per cent increase in net loss over the same period.</p>


Stanchart Kenya reports drop in half-year profit

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe loading="lazy" style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5554702540001" width="300" height="150" frameborder="0" allowfullscreen="allowfullscreen"></iframe></div>
</div>
<p>I&amp;M Holdings has reported a net profit of Ksh3.4 billion for the half year period ending June, a 17.9 per cent drop compared to the same period in 2016.</p>


I&M Holdings’ half-year net profit down 17%

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5549326244001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Listed lender NIC Group has posted a net profit of just over Ksh2 billion in the six months ending June this year, indicating a 12 per cent drop compared to the same period last year.</p>


NIC Group first-half net profit falls 12%

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5548010685001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Nairobi Securities Exchange has reported a 5 per cent drop in net profit to Ksh77.77 million in the half-year period ending June this year.</p>


Nairobi Securities Exchange H1 net profit dips 5%

<div style="display: block; position: relative; max-width: 640px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5546966153001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Uganda Revenue Authority has taken control of Nakumatt’s main warehouse in Kampala in a bid to recover taxes amounting to 86 thousand dollars.</p>


CBK

Kenyan bourse buoyed by strong performance of banks, Safaricom

Yield on Kenya’s Eurobond rises

Interest on Kenyan debt grows by 26%

Kenya projects 5.9% drop in fiscal deficit

Britam Holdings to sell 14.3% stake to AfricInvest

Inside Kenya Airways restructuring plan

Kenya’s 10-year treasury yields rise

Central Bank of Kenya expected to hold key lending rate

Central Bank of Kenya considers reversing interest rate cap law

Kenya’s interest rates cap wipes Sh26bn off banks’ income

Non-performing loans in Kenya’s banking sector rise to 9.91% in Q2

Political uncertainty dampen Kenya’s economic outlook

Stanchart Kenya reports drop in half-year profit

I&M Holdings’ half-year net profit down 17%

NIC Group first-half net profit falls 12%

Nairobi Securities Exchange H1 net profit dips 5%

Uganda taxman moves to recover $86k from Nakumatt

News Tips

Advertise With Us

CBK

Kenyan bourse buoyed by strong performance of banks, Safaricom

Yield on Kenya’s Eurobond rises

Interest on Kenyan debt grows by 26%

Kenya projects 5.9% drop in fiscal deficit

Britam Holdings to sell 14.3% stake to AfricInvest

Inside Kenya Airways restructuring plan

Kenya’s 10-year treasury yields rise

Central Bank of Kenya expected to hold key lending rate

Central Bank of Kenya considers reversing interest rate cap law

Kenya’s interest rates cap wipes Sh26bn off banks’ income

Non-performing loans in Kenya’s banking sector rise to 9.91% in Q2

Political uncertainty dampen Kenya’s economic outlook

Stanchart Kenya reports drop in half-year profit

I&M Holdings’ half-year net profit down 17%

NIC Group first-half net profit falls 12%

Nairobi Securities Exchange H1 net profit dips 5%

Uganda taxman moves to recover $86k from Nakumatt

News Tips

Advertise With Us

Newsletters