KQ Signs Codeshare Agreement with US' JetBlue Airline
Kenya Airways (KQ) has signed a codeshare agreement with JetBlue airline, allowing Kenyans living in Minnesota to fly nonstop to Nairobi. The move comes as a boost to the carrier [...]
Crown Paints Posts Net Profit of KSh 731M
Crown Paints Kenya Plc recorded a net profit of KSh 731 Million in 2021 compared to KSh 600 Million in 2020, its audited financials for 2021 show. The firm’s revenue [...]
NSE Activity Dampens as More Foreigners Exit
Nairobi Securities Exchange(NSE) saw more foreign investors cashing out, dumping a further KSh 1.7 billion ($14.3 million) worth of stocks in April 2022. This brings the year to date (YTD) [...]EABL Pays KSh673.8 Million to Bond Holders
East African Breweries Limited(EABL) has paid an interest payment of KSh673.8 Million to bondholders of its KSh 11 billion medium-term corporate bond. EABL paid the interest on April 28th 2022, [...]African Banker, Backbase Release Report on Digital Banking
African Banker magazine and Backbase, the leading Engagement Banking Platform, have partnered to produce the 2nd edition of a report on African Digital Banking. African Banker’s editorial team surveyed more [...]Seacom to Receive Kes 30 Million Loan from IFC
The submarine fibre optic cable project (Seacom) is set to get a kes 30.16 billion($260m) loan from the International Finance Corporation (IFC) which is aimed at debt-refinancing and expansion into [...]
IMF Urges Kenya to Slow Spending and Reform Agencies
The International Monetary Fund (IMF) is pushing for controlled spending and restructuring of loss-making state corporations to protect Kenyan government revenues and reduce persistent budget deficits. The fund, which is [...]NSSF Buys Additional Shares in KCB Raising its Stake to 8.38%
The National Social Security Fund (NSSF) has bought an additional 11.7 million shares of KCB Group, raising its stake to a new high of 8.38 per cent. According to the [...]WPP ScanGroup Plc Trims Net Losses to KSh37.9M
WPP ScanGroup Plc made a net loss of KSh 37.9 Million at the close of financial year ended 31st December 2021 from a net loss of KSh 1.7 Billion in [...]Home Afrika Cuts Net Losses by 17% to KSh 281.5M
Home Afrika Group, a real estate firm listed on the Nairobi Securities Exchange(NSE), narrowed its net losses to KSh 281.5 Million for the year ended 31st December 2021. In the [...]Sanlam Kenya Plc postpones publication of 2021 results.
Sanlam Kenya Plc has informed its shareholders that its audited financial statements for the year ended 31st December 2021 will not be ready for publication by the 30th of April [...]CBK Seeks KSh 60B in T-Bonds Sale in May
The Central Bank of Kenya(CBK) is seeking KSh 60 billion in May, through Treasury Bonds Sale, for budgetary support. CBK offer to investors The Treasury Bonds on sale are the [...]
