NSE Weekly Equity Turnover rises 86.3% to KSh 3.4 Billion
Nairobi Securities Exchange(NSE) recorded an 86.3% increase in weekly turnover to KSh 3.4 Billion from KSh 1.8 Billion the previous week. According to data from AIBXYZ Africa Weekly Notes, the [...]
HF Group Shops for Strategic Investors
HF Group, a Nairobi listed mortgage lender has begun the process of seeking strategic investors to acquire a stake in the firm. The aim of the proposed transaction is to [...]CBK Collects KSh 16.5 Billion from Weekly T- Bills Auction
Central Bank of Kenya(CBK) accepted KSh 16.5 Billion at the weekly Treasury Bills Auction after receiving bids worth KSh 16.6 Billion. The most attractive instrument was the 91- day Treasury [...]KenGen Completes Drilling of 2nd Geothermal Well in Ethiopia
Kenya Electricity Generating Company PLC (KenGen) says it has completed drilling its second geothermal well in Ethiopia which is part of eight geothermal wells the listed firm has been contracted [...]
Kenya to Raise $1 Billion in Debt for Tullow Oil Project
Plans are underway for Kenya to raise $1 billion of debt to buy a stake in an oil project operated by Tullow Oil Plc and its partners, likely to happen [...]DTB launches Unit to serve Chinese Enterprises in East Africa
Diamond Trust Bank (DTB) has unveiled the China Coverage Department to cater to Chinese enterprises operating within the East African Market. DTB's new unit offers a wide range of products to [...]Safaricom Half-Year Net Profit Up 12.1% to Ksh 37 Billion as Borrowings Hit Ksh 77 Billion
Safaricom Plc on Wednesday released its unaudited results for the six months ended 30 September 2021 with net profit for the period rising by 12.1% to Ksh 37.056 Billion compared [...]
Posta KAM Ink Partnership Deal in the Wake of AfCFTA
Kenya Association of Manufacturers (KAM) has partnered with the Postal Corporation of Kenya (PCK), alias Posta, to tap into e-commerce business and intra-regional trade for its members. Speaking during the [...]CBK Suspends Blacklisting of Defaulters with Loans below KSh 5 Million
Central Bank of Kenya (CBK) has announced a one-year suspension of blacklisting defaulters with loans of less than KSh 5 Million with Credit Reference Bureaus(CRBs) for a period of one [...]IFC, Liquid Intelligent Technologies Partner to Grow Africa's Digital Space
International Finance Corporation(IFC), the private sector lending arm of the World Bank Group has partnered with Liquid Intelligent Technologies- A South African technology group, to expand data centre capacity and [...]Equity Group's Q3 Pre-tax Profit rises 85% to KSh 36.6 Billion
Equity Group Holdings Plc has posted an increase of 85% in Pre-tax profit to KSh 36.6 Billion in the third quarter period ended 30th September 2021. This is compared to [...]Tea Auction Prices Continue to Fall
The weekly Mombasa Tea Auction held on 1st and 3rd November 2021 had 10 million kilograms of tea offered for sale. The amount on offer was similar as that during the previous [...]
