NSE Market Capitalization Drops by 2.8% in March
The Nairobi Securities Exchange (NSE) has reported a 2.8 % drop in market capitalization from Kes.2,496 Billion in February 2022 to Kes.2,425.5 Billion in March 2022. Consequently, Equity turnover at [...]
Britam Set to Complete Sale of 6.7 % Equity Stake this Month
Britam Holdings expects to complete the sale of its 6.7 per cent stake in Equity Group to the International Finance Corporation (IFC) this month, raising Sh13.9 billion from the transaction. The [...]Limuru Tea Plc Posts Net Loss of KSh 9.6 M
Limuru Tea Plc, a listed firm engaged in the growing of green leaf tea, recorded a net loss of KSh 9.6 Million at the close of financial year ended 31st [...]
Banks Urge CBK to Restore Mpesa Charges
KCB Bank, Equity and ABSA have reckoned CBK to reinstate charges on transfers of money between bank accounts and mobile money wallets, citing heavy investments in digital technology to keep [...]Renault Launches New SUV for Kenyan Market
Renault has launched a new Sport Utility Vehicle (SUV) specifically for the Kenyan market. Dubbed Kiger, the new five sitter SUV strengthens Renault’s offering in Kenya that already includes Kwid, [...]
Government of Kenya Unveils KSh5.7 Billion Fertilizer Subsidy
The Government of Kenya has unveiled a KSh5.7 billion fertilizer subsidy fund to subsidise prices for 2.28 million 50-kg bags of fertilizer for farmers growing food crops. Agriculture Cabinet Secretary [...]Tea Auction Prices Fall to $2.36 Per Kilogram
The weekly Mombasa Tea Auction held on 28th, 29th, and 30th March 2022 had 13.4 million kilograms of tea offered for sale. The amount on offer increased from 13.1 million kilograms during [...]Radisson Blu Hotel Reopens its Doors
Radisson Blu, a global hotel brand, has announced its Upper Hill Hotel establishment's reopening on May 9th, 2022, in Nairobi. The hotel, which is located in the middle of the [...]Kenya Pipeline Company Clarifies on Fuel Shortage
Kenya Pipeline Company(KPC) has confirmed sufficient fuel stocks in all its depots across the country. This follows fuel shortages at the pump at various pump stations, including Nairobi and parts [...]Kenyan Banks’ at Risk, says Fitch Ratings
Kenyan banks’ profitability recovery may be disrupted by the Russia-Ukraine conflict through second-order risks to the banks' operating environment, Fitch Ratings says. According to the US rating agency, lenders in [...]FTGH posts Net Profit Of KSh 102.5M
Flame Tree Group Holdings(FTGH), a diversified manufacturer and distributor of plastic tanks, cosmetics, snacks, spices and playground equipment, has announced a 36.4% increase in net profit to KSh 102.5 Million [...]Kenya Orchards Net Earnings hit KSh3.7 Million
Kenya Orchards Plc, a listed firm that manufactures and sells fruit and vegetable bottled and canned products for domestic consumption in Kenya, has emerged from a net loss of KSh [...]
