Car and General Half Year earnings rise to KSh 164.8 Million
Net earnings of listed auto dealer Car General increased to KSh 164.8 Million in the six months ended 31st March, 2020. This is compared to KSh 51.3 Million in [...]
Kenya Stock Market Report; 21/05/2020
Market turnover at the Nairobi Securities Exchange (NSE) on Thursday rose to KSh 586 Million from the previous sessions KSh 264 Million. The number of shares traded stood at 17.7 [...]Safaricom's Revamped Mpesa for Business Offering is a Big Win for SMEs
Safaricom has launched a new feature for businesses that allows direct transactions from Mpesa business tills. The Mpesa for Business tool is an upgrade of the current Lipa NaMpesa, giving [...]
Senate Proposes Package for Tax Compliant MSMEs
The Senate Ad Hoc Committee on coronavirus pandemic has proposed a liquidity support package for Micro, Small and Medium-sized Enterprises (MSMEs), but only for those that are tax-compliant. Furthermore, the [...]SWVL Gets NTSA Approval to Resume Operations
The National Transport and Safety Authority (NTSA) has approved SWVL's operations in Kenya after an extended legal tussle. The NTSA now has no objections to SWVL's activities, after disagreements over the [...]Jubilee Holdings 2019 Net Earnings Drop to KSh 4 Billion
A rise in claims and negative returns from investment activities hit net earnings of Jubilee Holdings Limited resulting in a slight fall in net earnings from KSh 4.1 Billion to [...]ICEA Completes Takeover of Stanlib I-REIT
ICEA LION has completed the takeover of Stanlib I-REIT from Stanlib Kenya Limited effective 18 May 2020. In a joint statement, ICEA said it had reached an agreement to acquire [...]
NCBA Net Earnings Increase to KSh 1.6 Billion
NCBA Group's net earnings in the three months to March 2020 reached KSh 1.6 billion from KSh1.3 billion posted in the first three months of 2019. The portfolio of non-performing [...]Co-op Bank Group Net Earnings Flat at KSh 3.6 Billion
Co-operative Bank Group has posted KSh 3.59 billion net profit in the first three months of 2020. This is compared to KSh 3.6 billion at the end of March 2019. [...]George Maina exits NCBA Board
Mr George Maina has resigned as a non-executive director of NCBA. This follows his appointment as the new Chairman of the Board of Faulu Microfinance Bank Limited. Maina joined the [...]Investors Shy Away From Re-Issued 5-Year Treasury Bond
Domestic investors shunned the Ksh30 billion 5-year bond re-issued last week for budgetary support. The bond received bids amounting to Ksh20.5 billion translating to a 68% subscription. However, CBK accepted [...]Kenya's Apollo Agriculture Raises $6 Million Investment
Nairobi-based agri-tech startup, Apollo Agriculture, has raised a total of $6 million (KSh 642 Mn) in its Series A round of funding. Investors who took part in the funding include [...]
