November 25, 2020/InvestmentOne Update ASI as at 12.00pm: +1.29%. Market movers: FLOURMILL (+9.65%), DANGSUGAR (+8.97%), ABCTRANS (-8.57%) and CORNERST (-7.94%). Sector Performances: Banking (+2.43%), Industrial (+1.74%), Consumer Goods (+1.19%) and Oil & Gas (+0.32%). Market activity: In today’s early trade, total volume and value rose by about 45% and 107% compared to […]
Updates
Africans “know and understand what development ought to look like,” says President Uhuru Kenyatta
Kenyatta noted that on a continent of around 1.3 billion Africans with a median age of around 20 years, there is a very tangible underlying sense of urgency when it comes to expectations of government November 25, 2020/AfDB President of Kenya Uhuru Kenyatta urged African governments to put their citizens […]
MPC at Crossroads; Maintains Status Quo
November 25, 2020/Cordros Report In line with market expectations, the Monetary Policy Committee (MPC), faced with the choices of tightening, loosening and maintaining monetary policy stance, unanimously elected to: 1. Retain the Monetary Policy Rate (MPR) at 11.5%; 2. Retain the Asymmetric corridor around the MPR at +100/-700bps; […]
