National Bank issues profit warning less than a week to results deadline
National Bank of Kenya has issued a profit alert indicating a 25 percent decline in its 2018 net profits. The lender blames increased impairment losses and a one off staff [...]
Kenya Gov't Sets Taskforce to Review Money Laundering Policies
The Kenyan Government has established a task force that is set to come up with a new policy on how to fight money laundering and illicit finances. It will be [...]
CBK issues 10-year and 20-year bonds worth KSh 50 billion
The Central Bank of Kenya is in the market with two treasury bonds worth KSh50 billion which will mature in 10 and 20 years. The bonds are meant to raise [...]Limuru Tea posts KSh2.5 million net profit
Listed agricultural company Limuru Tea has posted a KSh2.5 million net profit from 2017’s KSh22 million net loss. The results were supported by a 35 per cent growth in revenue [...]NIC Group announces 2019 AGM
NIC group has announced its annual general meeting to be held on 17th April at KICC. The meeting will be attended by the company’s directors, shareholders, and other authorized persons. [...]Nairobi among top 100 Global financial centers
In the March 2019 ranking of the Global Financial Centers Index 25, Nairobi made its first appearance on the list. It was ranked 97th ahead of cities like Manila, Hangzhou, [...]Africa’s growing investments
Investments into African economies have been on the rise. Data collected by Asoko Insights shows that between 2015 and 2018, 861 investment deals where sealed. 44 percent of the deals [...]KPA revokes notice to allow Importers to transport cargo via road
The Kenya Ports Authority has revoked an earlier notice that had granted importers permission to use containers to ferry goods. Instead, KPA managing Director Daniel Manduku has directed nine importers [...]Stima Sacco net profit up 52% to KSh 849 million
Stima Sacco posted impressive results in 2018 growing its net profit by 52 per cent to KSh 849 million from KSh560 million posted in 2017. The jump in net profits [...]Lafarge executive Joins Bamburi Cement Board
Bamburi Cement Ltd has appointed Vasileois Karalis as a member of the Board of Directors following the resignation of Olivier Gultton. Currently, Vasilelos is LafargeHolcim Head of Finance for East [...]Barclays CEO assures safe banking for customers
Barclays Bank of Kenya has affirmed that all currency dispensed over the counters and ATMs is genuine dispelling the anxiety caused following the Sh2bn fake cash saga at its Queensway [...]NSE Plc net profit declines by 12% to Sh 191 million
The Nairobi Securities Exchange net profit for 2018 dropped 12 percent to KSh191 million from KSh216 million earned in 2017. The company’s total income went up by 4 percent from [...]
