
Charles Mwaniki
Business Writer at Business Daily Africa
Business writer @BD_Africa NMG. Views are own though.
Articles
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2 weeks ago |
businessdailyafrica.com | Charles Mwaniki
The Nairobi bourse added Sh121.2 billion in investor wealth in the past one week to hit Sh2.115 trillion, as it joined a global equities rally that has followed a truce between the US and China in their tariff war, which had raised fears of recession. The gains were backed by improved demand for blue chip shares, favoured by foreign investors, who recorded net purchases worth Sh246.2 million last week, breaking a run of weekly net selling that stretched back to the beginning of April.
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3 weeks ago |
businessdailyafrica.com | Charles Mwaniki
The steady decline in Treasury bill interest rates has eased off over the last four weeks, indicating that investors are reluctant to accept lower returns amid an upward revision of the government’s borrowing target and below par tax collection. Central Bank of Kenya (CBK) data on the weekly auctions shows that the rate on the 364-day T-bill has declined only marginally from 10.02 percent to 10 percent over the period, having fallen from 10.5 percent in the previous month.
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3 weeks ago |
businessdailyafrica.com | Charles Mwaniki
Listed marketing firm WPP ScanGroup was on Wednesday forced to issue a cautionary notice to investors after its former staff snatched its top client, Airtel Africa, in a shift that could derail the turnaround of the firm. The firm, in a public notice, said its subsidiary, Ogilvy Africa, had parted ways with Airtel Africa after 15 years of acting as the marketing and advertising agency of the telecoms operator across the continent.
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3 weeks ago |
businessdailyafrica.com | Charles Mwaniki
Cross-listed company Umeme has raised hopes of a return to trading at the Nairobi and Kampala bourses next month after holding negotiations with the Ugandan government over the disputed payout amount accruing from its power distribution concession that ended in March.
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3 weeks ago |
nation.africa | Charles Mwaniki
Dismissed executives and directors of the Kenya Union of Savings and Credit Co-operatives (Kuscco) held insider loans worth Sh192.8 million from the unregulated institution at the time of their exit, the Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises Wycliffe Oparanya has disclosed.
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