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 [...]
Safaricom Biggest Mover as Market Turnover Declined to KSh 264 Million
Safaricom was the day’s biggest mover at the Nairobi Securities Exchange(NSE) with 3.7 Million shares valued at KSh108Million changing hands at between KSh 28.90 and KSh29.20. This accounted for 40.76% [...]KCB Q1 Earnings Rise 8% to KSh6.3 Billion
Kenya's most profitable lender and one with the largest balance sheet, KCB Group's net earnings rose 8% to KSh 6.3 Billion at the end of Q1, 2020. This is compared [...]Tuskys Reassures Suppliers on Pending Bills
Tuskys Supermarket says it has apologized to suppliers whose payments have been restructured as a result of COVID-19 pandemic. In a letter dated May 14th, 2020 to Phyllis Wakiaga, CEO [...]Jambojet Extends Suspension of Flights to June
Low-cost carrier Jambojet has extended the suspension of its flights to June 7th after the government prolonged the cessation of movement order. Last month, Jambo Jetextended its temporary suspension to [...]Sameer Reports 15% Drop in Revenues to KSh1.76 Billion
Sameer Africa revenues reduced by 15 percent in 2019 to Ksh1.76 billion from Ksh2.07 billion reported in 2018. The board blames the closure of several retail outlets in Kenya and [...]
