According to a Bloomberg report on April 4th. BlackRock Inc., the world’s biggest asset manager, sees an opportunity to invest in Kenyan stocks, which have gone from the world’s worst performers in 2023 to the best this year. In the first nine months of 2023, the Nairobi Securities Exchange (NSE) was rated as the worst-performing […] The post BlackRock Inc., the world’s biggest asset manager sees an opportunity to invest in Kenyan stocks. appeared first on Envestreet Financial ..read more

Acorn Holdings has more than doubled its dividend payout to investors in its real estate investment trusts (REITs). The student hostel developer is set to disburse Ksh482.8 million in dividends to REITs unit holders, marking a significant increase from its previous payout of Sh192.48 million. Despite facing challenges in the operating environment, both the Acorn […] The post Acorn Holdings Boosts Dividends Across REITs, Providing a Win for Unitholders. appeared first on Envestreet Financial ..read more

Google will erase a large amount of search data as part of a settlement of a lawsuit that alleged the company tracked millions of users without their knowledge while they believed they were browsing the internet privately. Terms of the settlement were filed on Monday in the Oakland, California federal court, and require approval by […] The post Google to Delete incognito search Browsing Data in a consumer Privacy Lawsuit Settlement. appeared first on Envestreet Financial ..read more

Equity Group Holdings has once again proposed a record dividend of Kshs 15.1 billion for the second consecutive year, following a remarkable Kshs 43.7 billion profit after tax. The performance reflected strong momentum as net interest income grew by 21% to Kshs.104.2 billion up from Kshs.86 billion while non-funded income registered an impressive 30% growth […] The post Equity Group Proposes a Dividend Payout of Kshs 15.1 B Following Remarkable Kshs 43.7 B Profit After Tax. appeared first on Envestreet Financial ..read more

According to a new study titled ‘How Brand Impacts Share Price‘ by brand consultancy Interbrand, B2B research company NewtonX, and strategic communications company Brodeur Partners, brand significantly influences a company’s value, yet many investors may not fully grasp its importance. A report discovered that most investor relations professionals, analysts, and journalists believe that a brand […] The post Investors Misjudge the Impact of Brand Strength on a Company’s Valuation, Study Finds. appeared first on Envestreet Financial ..read more

 I&M Group Raises Dividend Payout for Third Consecutive Year to Sh2.55 per Share, Totaling Sh4.22 billion, following 12.7% Net Profit Growth to Sh12.62 billion for FY Ended December 2023. I&M directors said the dividend will be paid on or around May 24, to shareholders on the company’s register at the close of business on April […] The post I&M Group Raises Dividend Payout Following 12.70% Net Profit Growth to Sh12.6 Billion. appeared first on Envestreet Financial ..read more

In the just released FY’2023 financial results, Co-operative Bank of Kenya posted a 5.2% growth in net profit to Sh23.2 billion on increased income and reduced operating costs from Kshs 22.0 bn recorded in FY’2022. The performance was mainly driven by a 0.6% increase in total operating income to Kshs 71.7 bn, from Kshs 71.3 […] The post Co-op Bank Proposes Sh1.5 Dividend Per Share for FY 2023, Awaiting Shareholders approval. appeared first on Envestreet Financial ..read more

The Central Bank of Kenya’s DhowCSD platform has been named the winner of Central Banking’s Payments and Market Infrastructure Initiative Award. The award recognizes the critical role DhowCSD has played in improving the financial markets infrastructure in Kenya. The DhowCSD enables retail investors to effortlessly open and manage CSD accounts right from their own devices, […] The post Central Bank of Kenya’s Dhowcsd Wins Prestigious Global Award. appeared first on Envestreet Financial ..read more

Investing is not a one-size-fits-all endeavor. Just as individuals have diverse personalities and preferences, investors exhibit various styles and approaches towards investing. Investment style is how investors or money managers decide which investments to include in their portfolio. It’s based on various factors like how much risk they are comfortable with, whether they prefer growth […] The post Understanding Your Investment Style: 8 Types of Investors You Should Know. appeared first on Envestreet Financial ..read more

The London Stock Exchange (LSE) made a significant announcement on March 11, revealing its plan to accept applications for Bitcoin (BTC) and Ethereum (ETH) crypto exchange-traded notes (ETNs) starting in the second quarter of 2024. This development comes in the wake of the UK’s Financial Conduct Authority (FCA) expressing support for proposals from Recognized Investment […] The post London Stock Exchange to Accept Applications for Bitcoin & Ethereum ETN Listing. appeared first on Envestreet Financial ..read more