Family Bank 9-Month Profit Before Tax hits Ksh 2.6 Billion
Family Bank Today reported a Ksh 2.6 Billion profit before taxes in Quarter Three attributed to increased lending from the SMEs.Family Bank,which trades in OTC said that its loan book grew from Ksh 37.9 [...]
South African firm buys 45% stake in Buffalo Mall for Ksh 418M
South Africa’s Delta Africa Property Holdings has entered Kenya’s property market after reaching an agreement to buy a 45.5 per cent stake in Buffalo Mall for Sh418 million. Delta Africa [...]Radisson Blu Group of hotels opens first branch in Upper Hill, Nairobi
Radisson Blu Group of Hotels has opened up its first branch in the Upper Hill Area of Nairobi.Radisson Group is an international hotel company with more than 990 locations in 73 [...]K-Rep Bank in expansion plans to increase branches to 50
K-Rep Bank, a subsidiary of Centum Investments (67.54% equity stake), plans to increase its branches from the current 37 to 50 branches. According to management, the move will mainly be [...]Kapchorua Tea Half Year Profit After Tax up 127% to KES 100M
NSE Listed Agricultural Firm, Kapchorua Tea today Reported an increase in Profit After Tax of 127% to KES 100Mill for the 6-months ended 30th Sep,2015. EPS more than doubles to KES [...]Williamson Tea Reports a Half Year Profit Before tax of Ksh. 543.8 Million
Williamson Tea 6-month Profit After tax Up 126% to KES 360 Million for the period ended 30th Sep,2015.EPS more than doubles, As at 6 months ended Sept 30, 2015 turnover of [...]The Helios Shareholder who wants to be allocated their own shares of Equity Bank
Major Highlights on Equity Bank Investor Briefing 16/11/2015 Helios Exit Helios invested in Equity Bank in 2007 and was confirmed by Dr. Mwangi that they have fully exited the market. [...]Global Markets Summary- November 16, 2015
Global stocks dropped as investors sought the safety of haven assets such as U.S. Treasuries and European government bonds after Friday's terror attacks in Paris. The MSCI All Country World [...]East Africa Market Updates
November 16, 2015 Uganda Securities Exchange USE All Share Index was up by 14.26 points from the previous session to close at 1,790.27 points. Top Gainers Counter Previous Current % [...]ARM Cement In the Bond Market hunting for Ksh 10.7 Billion
Athi River Mining Cement (ARM Cement) was in the debt market as from last Thursday in an effort to raise Ksh 10.7 Billion through a privately place five-year bond.The offer [...]Healthy stocks to Buy at NSE that were affected by interest rates rise
Two weeks ago,Mr Samuel Gichohi of NIC Capital predicted that interest rates would begin to decline since the shilling had stabilized and this would trigger a surge on the NSE listed equities. [...]Why is Helios buying a struggling business?
There is a new player in Kenya’s mobile space. Helios Investment Partners, a London-based private equity firm which focuses on African investments, has bought out Orange’s 70% stake in the [...]
