NSE Equity Turnover Rises 48% to KSh 578.1 Million
Nairobi Securities Exchange(NSE) recorded an increase in Equity turnover to KSh 578.1 Million when trading ended at the bourse this Friday, 30th July 2021, compared to KSh 390.9 Million on [...]
Acorn Holdings' REITs Post a Profit 5 Months After Launch
Acorn Holdings' Income and Development Real Estate Investment Trusts (REITs) reported a profit five months after launching in Kenya. The Income REIT posted a KSh141 million net profit for the [...]
Airtel Africa Q1 Net Earnings Up 148.7% to US$ 142 Million
Airtel Africa, a telecommunications and mobile money provider in 14 countries in East Africa and Central and West Africa, Net Earnings more than doubled to US$142Million, up 148.7%, for the [...]IBM picks Saad Toma as General Manager for the Middle East, Africa
International Business Machines(IBM), a US multinational technology company headquartered in Armonk, New York, with operations in over 170 countries, has named Saad Toma as its new General Manager for the [...]Kenya's Banking Assets rise 12.4% to KSh 5.4 Trillion
Kenya's Banking Industry Balance Sheet size expanded by 12.4% in 2020 to KSh 5.4 Trillion from KSh4.8 Trillion in 2019, driven by a faster expansion in non-loan assets. This is [...]EABL's Pretax Profit Jumps by 2% to KSh10.9 Billion
East African Breweries Limited (EABL) reported slow profit growth in the year that ended on 30th June 2021, due to the negative impact of inflation, foreign exchange fluctuations, and tax [...]CBK Accepts KSh 17.7 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) collected KSh 17.7 Billion at the Weekly Treasury Bills Auction out of bids worth KSh 17.8 Billion that was received from investors, representing an undersubscription [...]Kenya's Mutual Funds Assets Surged to KSh111 Billion in Q1 2021
Assets held by Kenyan mutual funds grew to a record KSh111 billion in the first quarter of this year, up from KSh76.3 billion in the first quarter of 2020 according [...]Eaagads Returns to Profitability with KSh1.75 Million Annual Profit
Coffee producer, Eaagads has reported a full-year net profit of KSh1.75 million for the period that ended on 31st March 2021 up from a loss of KSh66.7 million in March [...]UK's Caracal Gold Plc to Dual-list in Kenya this September
Caracal Gold Plc, a gold mining company, based in the UK, has appointed Faida Investment Bank as its financial adviser and joint broker as it plans to do a KSh [...]CBK Retains Benchmark Rate at 7%
The Central Bank of Kenya (CBK) through its top policy-making organ-the Monetary Policy Committee (MPC) has retained the benchmark policy rate at 7% for the ninth consecutive time. At its [...]NSE Equity Turnover Drops 50% to KSh 214.8 Million
The Nairobi Securities Exchange(NSE) recorded an equity turnover of KSh 214,849,537 when trading ended at the bourse this Wednesday, 27th July 2021. This was on a volume of 9.2 Million [...]
