Update – March 2026: Kenya Airways has since reported a KSh 17 billion annual loss. Read our updated analysis: https://blockmara.com/what-next-kenya-airways-ksh-17-billion-loss/ Kenya Airways (KQ) has been one of the best-performing stocks at the Nairobi Stock Exchange this year. The shares opened the year trading at KES 3.53 and have risen to KES 5.48 at market close…
NCBA Group is at the center of one of the most consequential banking transactions in East Africa after South Africa’s Nedbank moved to acquire a controlling stake in the Nairobi-listed lender. The proposed deal, which could see Nedbank take roughly 66% ownership, has already moved markets and reignited debate around valuation, foreign ownership, and Kenya’s…
Kenya has launched East Africa’s largest initial public offering (IPO), aiming to raise KES 106.3 billion ($825 million) by selling a 65% stake in Kenya Pipeline Company (KPC), while the government retains 35%. Shares are priced at nine shillings each, with trading set to begin on March 9. The IPO gives Kenyans and regional investors…
Bitcoin price today trades at $86,744 at press time, down 2.6% over the past 24 hours, even as one of the market’s most prominent institutional buyers added aggressively to its holdings. Trading volumes have dropped 37%, according to CoinMarketCap, signaling reduced participation as volatility spikes across derivatives markets. The decline comes amid heavy long liquidations,…
Digital asset inflows continued to trend higher last week as investor confidence showed early signs of stabilization, according to the latest CoinShares report. Weekly inflows came in at $716 million, lifting the total assets under management (AUM) to $180 billion, though still well below the sector’s $264 billion all-time high. The data suggests a cautious…
In a landmark regulatory milestone for the US digital asset industry, the Office of the Comptroller of the Currency (OCC) has issued conditional approval for five national trust bank charters, including new federal banking entities from Circle and Ripple. The approval, announced on Friday, marks one of the strongest signals yet that crypto firms are…
Binance co-founder Yi He’s WeChat account was hacked and used to promote a fraudulent meme token scheme, which generated approximately $55,000 in profits for the attacker. The incident comes only days after the Binance executive was appointed co-CEO alongside Richard Teng. Yi He’s WeChat Account Hack The breach was publicly confirmed by Binance founder Changpeng…
A viral confession from Aevo co-founder Ken Chan is rippling across Asian crypto markets, reigniting debate over whether the industry is still building financial infrastructure or just scaling speculation. Chan’s blunt verdict, “I am NOT building a new financial system. I built a casino,” has traveled fast through English, Chinese, and Korean crypto communities, striking…
Harvard University has dramatically increased its exposure to Bitcoin, signaling another major shift in institutional positioning even as the US crypto regulatory framework continues to evolve. Despite rising adoption, Bitcoin remains under bearish pressure, trading at $90,401 after a nearly 2% drop over the past 24 hours, according to CoinMarketCap data. Harvard Bitcoin Investment Surges…
Terra Classic price trades at $0.000063 today, December 6, with a 64% gain at press time, marking one of the strongest intraday performances in the crypto market. Spot trading volumes surged by over 1,000% while futures volumes were up 1,900% reflecting renewed interest from traders. Terra Classic Price Rallies as Volumes and Leverage Spike Terra…
