Savannah Clinker Makes KShs. 25.4bn Counter Offer for Bamburi Cement
Listed cement maker Bamburi Cement has received a second acquisition offer after Savannah Clinker Ltd. expressed interest to acquire the company at KSh 70 per share. Savannah Clinker has pledged [...]
Money Market Funds 101: How to Find an Ideal Investment
Money market funds (MMFs) might be just what you're looking for. In this guide, we'll break down what Money Market Funds are, the parties involved in managing them, their benefits, [...]
CBK Stops Bond Trade Commissions One Year After DhowCSD Launch
The Central Bank of Kenya (CBK) will cease paying commissions to licensed securities dealers, stock brokers and custodian banks starting September just a year after the launch of the [...]Nairobi Bourse Bets On Virtual Trading Platform NSE Soko Play to Train Young Investors
The Nairobi Securities Exchange (NSE) intends to train a new generation of investors through a virtual mock trading platform known as NSE Soko Play, with the platform set to launch [...]Kenya Airways Posts Profit For the First Time in 11 Years
National carrier Kenya Airways is out of the red line for the first time in 10 years after announcing Sh513 million net profit in the first half of 2024. We [...]Peak and Dale Group Acquires PR Agency Bean Interactive
Peak and Dale Group, a tech and communications agency, has acquire marketing firm Bean Interactive for an undisclosed amount. The coming together of Peak and Dale Group and Bean Interactive [...]
Kenya Re-Insurance Half year Profits Drop By 10%
Kenya Re-Insurance Corporation Limited has posted a 10 percent drop in profits after tax to KSh 1.06 billion in the first half of 2024 from KSh 1.17 billion a year [...]Food Processor Gaea Foods Becomes First Beneficiary of €20mn Pepea Fund
Gaea Foods, a Kenyan potato-processing company, has received an undisclosed amount in financing from Pepea Fund in the form of venture debt to support small businesses to grow and broaden [...]Developers Cash-in on Supermarkets Expanding to Estates
Developers are modernizing establishments to cash in on giant retail stores preferring to move closer to consumers within estates, real estate consultancy firm has said in its half-year report, with [...]Global Investment Research Firm MSCI Upgrades Co-op Bank, Four Others, to Frontier Markets Indices
The Morgan Stanley Capital International (MSCI), the premier global investment research firm, has promoted Co-operative Bank of Kenya (CO-OP) to the MSCI Frontier market Index (FM), and four other stocks [...]Hindenburg Report 2.0 Erects Another Hurdle for Adani's Global Operations
US-based short seller, Hindenburg Research, has unleashed a new report alleging the Chairperson of Securities and Exchange Board of India (SEBI) Madhabi Puri Buch and her husband invested [...]Ethiopia's Debt Haircut Proposal Spooks Investors
Ethiopia's announcement of a plan that will see bondholders forced to take a 20% haircut during the ongoing debt restructuring process has spooked investors. The terms they offered last year [...]
