WPP Scangroup Board suspends CEO Bharat Thakrar
WPP Scangroup board has kicked out WPP-Scangroup Chief Executive Officer Bharat Thakrar and the Chief Finance Officer Satyabrata Das. The Board of Directors said this measure allows investigations into allegations [...]
Longhorn Publishers Post KSh145 Million Half-Year Loss
The listed publishing firm, Longhorn Publishers has posted a KSh145.33 million net loss in the half-year period that ended on December 31, 2020, down from KSh68.97 million net profit in [...]
Nuru Mugambi Recognized Among Top 25 Global Influencers in Green Finance
Director of Public Affairs and Sustainable Finance Lead at the Kenya Bankers Association (KBA) Nuru Mugambi was recognized among the top 25 influencers in green finance by Mandalore Partners. At [...]
Market Report; 18 February, 2021
At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 12,417,200 shares in 870 deals, corresponding to a market value of KES 411,920,133.00, were [...]
BAT's 2020 Net Profit Climb 42% to KSh 5.5 Billion
The cigarette manufacturer BAT Kenya has posted a 42% jump in net profit for the year ended December 30, 2020. The company's net profit hit KSh5.518 Billion at the end [...]Limuru Tea Plc issues profit warning
Limuru Tea Plc has issued an alert to shareholders that the Company's performance is expected to record a decline in net profits for the financial year ended 31st December 2020 [...]NSE joins global campaign to promote gender equality
The Nairobi Securities Exchange (NSE) has joined the 30% club, a global campaign to increase gender diversity in boards and senior management within listed firms and players in the capital [...]Kenya's New Vehicle Registrations Fall by 5% in First 11 Months of 2020
New vehicle registrations in Kenya fell in 2020 mainly due to the effects of the pandemic on the economy. According to data from the Kenya National Bureau of Statistics, the [...]Kenya to Raise Debt Ceiling Above KSh 9 Trillion Mark
Kenya is expected to raise its debt ceiling to accommodate growing expenditure needs amid underperforming tax collections. The National Treasury said the discussion was in the background as the public [...]Market Report; 17 February 2021
At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 15,966,600 shares in 965 deals, corresponding to a market value of KES 727,954,914.00, were [...]Despite Pandemic, Kenya's Tea Export Earnings Jump 15% to KSh 130 Billion in 2020
Most sectors in Kenya registered a slump in their earnings in 2020, due to the effects of covid19. However, Kenya's tea sector thrived during that period, despite the pandemic-related challenges. [...]Kenya Airways Total Bailout Skyrockets to KSh35 Billion
Kenya Airways' (KQ) total bailout has skyrocketed toKSh35 billionafter the Government announced plans to offer the airline an additional KSh26.5 billion shareholder loan. The loan will be channelled through the [...]
