Kenya Shilling Hits a New low As Import Prices Soar
The Kenya Shilling was quoted at a mean rate of 113.8353 by the Central Bank of Kenya(CBK) when trading opened at the forex markets this Monday, 28th February 2022. This [...]
NSE Daily Equity Turnover Declines 4% to KSh 523 Million
Nairobi Securities Exchange(NSE)Equity Turnover declined to KSh 523 Million on the first trading day of the week on 19 Million shares against a turnover of KSh 17 Million valued at [...]The Baobab Weekly
Nation Media Group Wants to do Buybacks In this edition of the Baobab Weekly, Nation Media Group (NMG), Kenya’s largest media house, proposed to buy back up to 10% of [...]
Retirement Planning in 5 Easy Steps
Planning for retirement is one of the most complex topics to decipher in personal finance. To young people who have just joined the workforce, retirement seems too far to even [...]
Kenya Power Records a Half Year Pre-Tax Profit of KSh 5.7 Billion
Kenya Power has reported a pre-tax profit of KSh 5.659 Billion in the half year trading period ended 31 December 2021, compared to KSh 332 Million realized in a similar [...]Absa Bank Kenya Signs A KSh1.25 Billion Deal with African Guarantee Fund (AGF)
Absa Bank Kenya Plc has signed a Sh1.25 billion Loan Portfolio Guarantee Facility with the African Guarantee Fund (AGF) , to increase credit accessibility for local small businesses, including start-ups. [...]Unga Group Plc Net Earnings for Six Months Ended December 31st Year 2021 falls 89.3% to KSh 8.5 Million
The Miller also recorded a decline in revenue to KSh 8.8 Billion last six months of 2021 compared to KSh 9.7 Billion over a similar period in 2020. Operating profit [...]CBK Collects KSh12.7 Billion from Weekly T-Bills Auction
Central Bank of Kenya(CBK)accepted bids with KSh 12.7 Billion from KSh 15.3 Billion received bids, an undersubscription of 63.63%. Out of the amount accepted KSh 9.6 Billion were competitive bids [...]NSE Daily Equity Turnover Declines 48% to hit KSh 106 Million
Nairobi Securities Exchange(NSE)recorded a decline in daily equity turnover when trading opened on the first day of the trading week, to KSh 106 Million compared to a turnover of KSh [...]PwC Advisory on WEC Kenya Lawsuit Against KRA
Pricewaterhouse Coopers (PwC), a financial services consulting firm has said any new tax laws must be validly enacted and enforced. This follows a recent High Court ruling that rendered the [...]ILAM Fahari I-REIT Issues Profit Warning on Pandemic Woes
ICEAO Lion Asset Management(ILAM) Fahari I-REIT Manager and Trustee has informed Unit holders of the REIT, potential investors and the general public that based on the projected assessment of its [...]Sanlam Opens Entries for 2021 Financial Journalism Awards
Sanlam Kenya, a non-bank financial services firm has announced the opening of the Sanlam Awards for Excellence in Financial Journalism, one of the leading initiatives in Africa, recognizing exceptional business [...]
