Solar Workstations from Nigeria Making Waves
Solar Workstations
Williamson Tea Half-Year Profit Rises to KSh34 Million
Williamson Tea has posted a net profit of KSh33.9 million in the half-year period that ended on 30th September 2020, a 151% increase from the loss of KSh65.9 million in [...]
Overseas Remittances Rise to KSh28.8 Billion
Kenyans living abroad sent home KSh 28.8 billion ($263 million) in October, 17% more than the remittances sent in the same period in 2019 according to data from the Central [...]Naivas Replaces Nakumatt to Become Anchor Tenant at Lifestyle Mall
Naivas Supermarket has replaced Nakumatt Holdings to become the anchor tenant at Hazina Towers, famously known as the Lifestyle Mall along Nairobi's Monrovia street. The new outlet, which starts operation [...]NSE Turnover down 47% to KSh 480.8 Million
Turnover at the Nairobi Securities Exchange(NSE) declined significantly to KSh 480.8 Million when trading at the bourse closed this Monday, 23rd November, 2020. This is a 47% decline compared to [...]
Jubilee Insurance to Hold Virtual AGM Next Month
Jubilee Insurance, a listed underwriter, has notified its shareholders of the forthcoming virtual Annual General Meeting scheduled for Tuesday 15th December 2020. Shareholders will ratify a deal between German-based Allianz [...]NSE Weekly Market Cap Falls 0.15% to KSh 2.206 Trillion
Nairobi Securities Exchange(NSE) weekly Market Capitalization fell slightly by 0.15% to KSh 2.206 Trillion from the KSh 2.209 Trillion posted the previous week, attributed to the drop in prices of [...]Carbacid Announces KSh 0.70 Dividend after 23% Jump in Net Profit
Carbacid has posted a 23% jump in net profit for the financial year ended 31st July 2020 to KSh324.7 million from KSh264.6 million in the previous year. The company whose [...]Tea Auction Records a Slight Price Increase, Hits $1.92 per Kg
The weekly Mombasa Tea Auction held on the 16th, 17th and 18th November 2020 had 9.98 million kilograms of tea offered for sale. The amount on offer decreased from 10.1 million kilograms [...]KQ Launches Direct Cargo Flights from Johannesburg
Kenya Airways (KQ) has launched direct cargo flights from its Johannesburg hub in South Africa to Maputo, Harare, Lilongwe, Lusaka, and Dar-es-salaam. In a tweet, the airline stated that previously, [...]35% of Firms are Currently Hiring
Despite many Kenyan firms laying off their workers due to the effects of covid19 pandemic, 35% of businesses say they are currently hiring according to a study by Kenya Private [...]Bank Shares Lose Appeal at Kenya's Stock Market on Weak Q3 Earnings
Bank shares were on the list of counters that recorded a dip in price when trading at the Nairobi Securities Exchange (NSE) ended this Friday, 20th November 2020. Absa Bank [...]
