Nation Media Group Plunges into KSh375.2 Million Net Loss in H1 2020
A drastic drop in advertising and circulation volumes pushed down giant Nation Media Group(NMG)into a loss territory of KSh 375.2 Million in Net earnings at the close of the six [...]
East African Cables Reports KSh244 Million Loss in H1 2020
East African Cables Group recorded a loss of Ksh 244.4 million for the six months ended June 30th. Company Secretary Virginia Ndunge says the performance in the first half of [...]
Pandemic Drives Longhorn Publishers into KSh225.9 Million Net Loss
Closure of schools in its key markets pushed listed Longhorn Publishers Limited to a net loss of KSh 225.87 Million at the close of financial year ended 30th June, 2020. [...]Weekly Deals Digest; Aug 19th – 25th 2020
In this third issues of the Weekly Deals Digest, we cover the deals in emerging markets like Argentina, India and Mexico. We also have tidbits from Africa and the rest [...]Turnover Rises to KSh 670.97 Million as Bourse closes on Friday
Turnover at the Nairobi Securities Exchange (NSE) rose to KSh 670.97 Million when a volume of 25.72 Million shares was transacted in 2,284 deals when trading closed this Friday 28th [...]Bamburi Half-year Net Earnings Nearly Double to KSh 721 Million
Listed firm Bamburi Cement recorded a significant increase in its half-year Net Earnings to KSh 721 Million compared to KSh 393 Million net profit in the same period last year. [...]HF Group Half-year Net Loss Widens to KSh 295.5 Million
Kenyan listed mortgage lender HF Group widened its Net Losses for the six months ended 30th June 2020 to KSh 295.5 Million. This is compared to a net loss of [...]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 [...]
