TODAY'S NEWS:
Car & General is fighting three tax demands from KRA, marking the latest round of dispute between the taxman and the Nairobi Securities Exchange-listed firm. The firm has disclosed that KRA issued three separate tax demands in the year ended December 2023.

Alloysius. I'd recommend AIB-AXYS Africa

TODAY'S NEWS:
The Treasury plans to reduce its net borrowing for this fiscal year by Sh67.5 billion, aiming to support the Central Bank of Kenya in lowering interest rates. Domestic borrowing is reduced to Sh407 billion, while external borrowing has increased to Sh501.6 billion.

TODAY'S NEWS:
More than half of the businesses registered on KRA's eTIMS are inactive, highlighting the government's struggle to expand tax base.Current data reveals that of 236,000 businesses on eTIMS, only 49% are engaging in transactions, making it tough for tax collection.

TODAY'S NEWS:
Co-op Bank Kenya has received a $25 million (Sh3.32 billion) long-term loan from the German fund DEG for on-lending to women-led micro, small and medium-sized enterprises (MSMEs) in Kenya. DEG, a subsidiary of KfW Group,aims to bridge gaps in funding for MSMEs in Kenya

TODAY'S NEWS:
The Treasury has allocated Sh5 billion to the Financial Inclusion Fund, (Hustler Fund), for the 2024/25 financial year, matching the previous year's allocation. It was trimmed in the first supplementary budget from Sh10 billion in the initial 2023/24 budget.

TODAY'S NEWS:
Standard Chartered's dividend yield rose to 17% as bank stocks declined post-final dividends. Standard Chartered's share price dropped by 12.8% to Sh170.25 from Sh195.25 on April 19, when the books closed for the Sh23 per share final dividend payout, scheduled for May 30.

Kenya Re-Insurance Corporation wish to notify shareholders of a delay publication of their 2023 Results amid an ongoing implementation of the new International Financial Reporting Standard (IFRS) 17.

The results will be released as soon as is possible.

As a beginner investor, you should treat Sh 1000 the same way you would treat Sh 100,000.

Saving and investing is more about building the habit rather than the amount you invest.

📌Upcoming dividend payments in May, June, July.

TODAY'S NEWS:

The Energy and Petroleum Regulatory Authority Energy and Petroleum Regulatory Authority has instructed oil marketers to temporarily shut down fuel stations in flooded areas to prevent them from selling contaminated fuel. This decision was made yesterday to protect motorists from fuel contamination

TODAY'S NEWS:

President William Ruto has recommended a 6% increase in the minimum monthly salary of workers, ranging from Sh486.59 to Sh2,058.17. This adjustment addresses the growing concerns about the rising cost of living and the impact of new taxes on essential expenses.

TODAY'S NEWS:

Foreigners made net purchases of stocks worth Sh1.06 billion in April, ending a seven-month sell-off streak at the Nairobi Securities Exchange (NSE). This marks a shift in bearish sentiment among key market players, who account for 50-70% of total equities trading.

Happy Labor day from AIB -AXYS Africa! 🇰🇪
We honour and appreciate the efforts and contributions of workers everywhere!
#LaborDay2024

TODAY'S NEWS:
TotalEnergies Marketing Kenya has raised its dividend by 46.5% to Sh1.92 per share totalling Sh336.1 million on increased profit for the financial year ended December 2023. This indicates a rise from Sh1.31 per share or Sh229.3 million paid in the previous year.

TODAY'S NEWS

Investors made Sh4.6 billion in March selling 6.5 and 8.5-year infrastructure bonds, aiming to avoid expected rate decline. The 8.5-year bond had 1,900 trades, earning sellers Sh73.16 billion, with a face value of Sh68.53 billion, resulting in Sh3.51 billion profit.

TODAY'S NEWS

In the first three months of 2024, 20 foreign institutional investors left the Nairobi Securities Exchange, showing a bearish sentiment on local stocks.The number decreased from 432 in December 2023 to 412 in the first quarter of 2024, according to data from the CMA

🚨➡️CORRECTION:

The webinar will be held on Zoom and not on Google meets as previously stated.

Register here: us06web.zoom.us/webinar/regist…

📌📌Join us this Tuesday, 30th April 2024, from 7:00 - 8:30PM EAT on our Investment Outlook Webinar, as our expert analysts Ronny Chokaa and Alex Sanja provide a detailed analysis of local and global economies, discussing risks, expectations, and investment opportunities.

TODAY'S NEWS:

The Central Bank of Kenya (CBK) has reopened a 10-year bond first sold in March, looking to use the paper to pull interest rates lower and push investors back to longer term bonds. The bond carries a coupon of 16%, which was set by the CBK in the initial March sale