Kenya Power Posts KSh593 Million Drop in Half-Year Revenue
A slow recovery in the demand for electricity by industrial consumers hurt Kenya Power's half-year revenue. Revenue from the sale of electricity fell to KSh69.014 billion in the six months [...]
Global Markets; Reddit Stonks', Twitter, Airbnb, Tesla News, Coinbase IPO
Wallstreet Across the global markets, major indices on Wall Street on Thursday closed in the red zone with the Dow Jones and the Nasdaq dropping massively by 1.75% (559 points) [...]
Portland Cement Posts KSh1 Billion Half-Year Net Loss
Listed cement manufacture, East African Portland Cement Plc, has posted a KSh1.035 billion net loss for the half-year period that ended on December 31, 2020, after a challenging period that [...]Nation Media Group Shares Rally on Share Buyback Announcement
The board of directors of Nation Media Group (NMG) has made a rare announcement about a proposal to buy back up to 10% of its ordinary shares. The announcement is [...]Wealth Report Shows Population of Wealthy Kenyans Dropped by 22% in 2020
The number of High-Net-Worth Individuals (those worth over one million US dollars) dropped by 22% last year according to Knight Frank’s 2021 Wealth Report edition. This is in comparison to [...]Safaricom SACCO Net profit up 14.1% to KSh 237.5 Million
Safaricom SACCO Society made a profit after tax of KSh 237,460 521.00 on 31st December 2020. This is compared to KSh 208, 237, 709.00 the previous year. Members of this [...]
NSE turnover drops 44% to KSh 601.1 Million
Nairobi Securities Exchange(NSE) recorded a 44% decline in turnover to KSh 601, 081, 969.00 on a volume of 14.6 Million shares that were traded in 834 deals. NSE top price [...]Tavaziva Madzinga Joins the Board of Britam
Britam Holdings has announced the appointment of 43-year-old Tavaziva Madzinga to its board of directors. Tavaziva Madzinga is the new Group Managing Director at Britam, having replaced the long-serving MD [...]Airlines eye Cargo Boom as pandemic Hits Passenger Numbers
The COVID-19 pandemic has destroyed air travel demand, leaving cargo as light at the end of the tunnel for big airlines. On this list is Kenya Airways, which has finalized [...]Carbacid's Six Months Revenue Jumps to KSh450 Million on Increased Demand for Gas
Increased demand for carbon dioxide gas drove up Carbacid's six months revenue to KSh449.7 million, a 27% improvement from the KSh352.9 million revenue earned in the same period in 2019. [...]How Retail Investors Can Track Live Stock Market in Kenya
Stock Market Basics Investing in the stock market is considered one of the best ways to achieve high returns that outpaceinflationover time and other asset classes such as bonds, commodities [...]
Spotify Launches in Kenya Amid New Digital Service Tax
New York Stock exchange-listed audio streaming subscription service Spotify has announced that it is now available in more than 80 emerging countries including Ghana, Kenya, Nigeria, Tanzania and Uganda. Spotify [...]
