Kenya Airways Bleeds Ahead of Nationalization
Kenya Airways continued its loss making ways in the first six months of the year ahead of its nationalization. For the first six months, total income fell by 48 percent [...]
Jubilee Half-year Net Earnings Level at KSh 1.8 Billion
Listed Jubilee Insurance half-year net profits remained flat at KSh 1.8 Billion at the end of the half-year period ended 30th June 2020. The firm's gross underwritten business declined from [...]
CBK Collects Ksh189.1 Bn From Domestic Market in August
The Central Bank of Kenya (CBK) has collected Ksh189.1 billion from the domestic market in August through treasury bills and treasury bonds. However, the month saw subdued investor appetite for [...]CBK raises KSh 10.7 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted KSh 10.7 Billion out of the KSh 25 Billion worth of Treasury Bills at this week's Treasury Bills Auction, a subscription rate of 52.33%. [...]Absa Bank Kenya restructures loans worth KSh 57 Billion
Absa Bank Kenya offered loan relief and restructured loans totalling KSh 57 Billion to financially distressed customers, equivalent to 28 per cent of its loan book. During the six months [...]Turnover at NSE Inches to KSh 495.2 Million
Turnover at the Nairobi Securities Exchange(NSE) climbed slightly to KSh 495.17 Million at the end of trading on 27th August, 2020. This is on a volume of 20.29 Million shares [...]NSE Cost-Cutting Measures Boost Half Year Earnings
Nairobi Securities Exchange (NSE) profits for the half-year ended June 2020 grew massively by 357 per cent to Ksh110.7 million compared to Ksh24.3 million recorded in a similar period last [...]NCBA Half-year Net Earnings Rise Marginally to KSh 2.6 Billion
NCBA Group recorded a slight increase in its net earnings to KSh 2.6 Billion at the end of the six months ended 30th June 2020. This is compared to KSh [...]Fly540, Air Kenya, Safarilink to Seek Fresh Approvals to Fly into Tanzania
Kenyan privately owned Airlines will now have to apply for fresh approvals after the Tanzania Civil Aviation Authority (TCAA) yesterday banned Fly540, Air Kenya, and Safirilink from entering in its [...]
Equity Bank Appoints Erastus Mwencha as Board Chairman
Equity Bank Kenya has appointed Ambassador Erastus Mwencha as its Board Chairman, taking over from Professor Isaac Macharia who was recently appointed Equity Group Holdings Board Chairman. Prior to his [...]IM Holdings Half-year Net Profit Declines to KSh 3.2 Billion
Kenyan-based IM Holdings, with a presence in 4 other regional countries, has posted a decline in Net Profit to KSh 3.2 Billion for the six months ended 30th June 2020. [...]Global Markets Brief
Salesforce Stock Surge on Strong Earnings Salesforce Inc shares rose by as much as 25% on Wednesday to hit an all-time high of 277.90 per share following positive earnings growth [...]
