SACCOs Bear the Financial Burden of Lost Investments in Troubled KUSCCO
SACCOs (Savings and Credit Cooperative Societies) that stashed huge sums of cash as deposits in the financially-crippled central finance facility at the Kenya Union of Savings Credit Cooperative Union (KUSCCO) [...]
Car General Posts Net loss of KSh 274 million on Forex Losses
Car General Kenya Plc, a listed dealer in power generation, automotive, construction and industrial engineering products in East Africa, has posted a net loss of KSh 274 million in [...]
BOC Kenya Plc Net Earnings Ups 33.9% to KSh 198.1m
BOC Kenya Plc recorded a net profit of KSh 198.1 million for the year ended 31st December 2023 compared to net earnings of KSh 147.9 million in 2022, an increase [...]
Crown Paints Kenya Posts Net Loss of KSh 29mn in 2023
Crown Paints Kenya Plc, a listed paints and coats manufacturer, slid into a net loss of KSh 29 million in 2023 from a net profit of KSh 824 million in [...]
East African Cables Plc Cuts Net Losses to KSh 301.9Mn
East African Cables Plc, which has subsidiaries in Uganda, Tanzania, Rwanda, Burundi, South Sudan, and the Democratic Republic of Congo, registered a net loss of KSh 301.9 million at the [...]
TotalEnergies Marketing Kenya Net Profit Hits KSh 3.02 Billion
TotalEnergies Marketing Kenya Plc's net profit increased to KSh 3.02 billion in 2023 from KSh 2.44 billion in 2022 despite a decline in global oil and gas prices and a [...]
Flame Tree Group Net Losses Fall to KSh 74.7m
Flame Tree Group, a manufacturer and distributor of plastic products and fast-moving consumer goods, recorded a net loss of KSh 74.4 million in 2023, an improvement from a net loss [...]
The Nairobi Securities Exchange(NSE) recorded an increase in market capitalization by 22.79 percent to KSh 1,766.95 billion by the close of Q1 2024, up from KSh 1,439.02 billion in Q4 [...]
CBK Seeks KSh 25Bn in 10yr T-Bond Sale
CBK (Central Bank of Kenya) has floated a 10-year Treasury Bond as it seeks KSh 25 billion that the Government requires to support the financing of its 2023/24 budget. This [...]
Canadian Firm Launches Takeover Bid for East African Packaging
East African Packaging Industries (EAPI) minority shareholders have received a new takeover offer from majority shareholder Canadian Overseas Packaging Industries (COPIL), which is seeking to acquire total control of the [...]
CBK Weekly T-Bills Auction Undersubscribed for the First Time in Months
The Central Bank of Kenya (CBK) Weekly Treasury Bills Auction underperformed for the first time in 8 months. Bids received by the fiscal agent at this week’s auction amounted to [...]
Absa Life Assurance Posts 90% Jump in Profits to KSh 862m
Absa Life Assurance Kenya (Absa Life), an Absa Group subsidiary, has reported an increase in gross profit to KSh 862 million in 2023. “Absa Life continues to maintain a healthy [...]
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