Safaricom Stock Gains +10.70% After Half Year Results Earnings
Safaricom Safaricom rallied 1.55% to close at KES 16.40. It hit an intraday high of KES 16.50. Safaricom traded 5,623,300 shares this, comprised 33.1% of the total volume traded in [...]
NIGERIAN STOCK EXCHANGE IN A DESCENDING TRIANGLE
Nigerian All Share Index was down by 0.47% to close at 28,219.44 points. NSE 30 Index was down by 0.57% to close at 1,270.78 points. Note that the Nigerian Stock [...]JPMorgan 4th Quarter Trading Revenue Flat
Global Markets JPMorgan Chase Co.’s corporate and investment bank head, Daniel Pinto, said fourth-quarter trading revenue is roughly unchanged from a year earlier, excluding the impact of the company’s [...]Uganda Market Update; Only Two Listed Companies Made a Profit
Uganda Securities Exchange Hit Profitability of listed companies at the Uganda Securities Exchange has hugely cut with projections indicating difficult times ahead for shareholders in light of the current political [...]Nairobi Securities Exchange Analysis Report from 2004-2015 Beyond
With Kenya’s annual money supply growth averaging more than 20% over the past decade, it is not astonishing most asset classes have yielded positive double digit returns. Coupled with strong [...]Tanzanian Bank Acquisition Update
Faidika Tanzania (Letshego) buys into Advans Bank Letshego, a credit institution which operates as Faidika Tanzania, has acquired a 75 per cent stake in Advans Bank Tanzania, a move aimed [...]NSE Daily Market Report
Highlights NSE 20 share index was up by 22.26 points to 3,950.97 NASI (All Share Index) was up slightly by 0.71 points to 144.44 NSE 25 Share Index was up [...]Cytonn Opens Office In Rwanda
Private Equity Firm,Cytonn Investments Management Limited has opened shop in Kigali with a pledge to help attract more investment in the country and the East African Community (EAC) bloc generally. [...]Central Bank Of Kenya Suspends Licensing Of Commercial Banks Indefinitely
Kenya's Banking Sector regulator,Central Bank Kenya has suspended licensing of new commercial banks until further notice but the order exempts amalgamation, acquisition of banks comes after Dubai Bank and Imperial Bank were [...]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 [...]
