Mastermind Tobacco in Talks to Sell Majority Stake to an American Cigarettes Manufacturer
Kenya’s Mastermind Tobacco is expected to sell its majority stake to Philip Morris International Inc, at undisclosed amount if their current talks conclude successfully. Globally, Philip Morris is ranked the [...]
Crown Paints Issues Profit Warning due to Poor Returns from its Subsidiaries
Crown Paints shares at the bourse remained resilient after it issued a profit warning, closing at Ksh80 on 24 January 2019. The paint manufacturer has blamed its woes to challenging [...]
Treasury Extends Exemption for CBA in Connection with the Acquisition of Shares in Crane Bank Rwanda to June 2019
Commercial Bank of Africa has been extended the exemption to regularise its ownership of Crane Bank Rwanda, which it acquired in February 2018 for $96 million. National Treasury and Planning [...]Lobby Group to Deliberate on 2nd Hand Cars Importation Ban
Kenya Auto Bazaar Association has called its members for a meeting to deliberate on government’s recent push to phase out importation of eight-year-old vehicles. The lobby group will meet at [...]Kenyan Banks Appetite for Government Securities Drives the Country’s Liquidity Risk to ‘High’ – Moody’s
Constraints on the capacity for Kenyan banks and their willingness to absorb government’s financing needs intensify the country’s liquidity risk, especially in the event of a shock, says Moody’s Investor [...]EABL’s 2018 HY Profits +33%; Registers Ksh6.6Bn
East African Breweries Limited half-year profits after tax are up 33 per cent. The company recorded Ksh6.6 billion profit after tax for the half year period that ended on 31 [...]Kenyan SuperFluid Labs Receives Funding from a German-based Investor
SuperFluid Labs, a SAAS provider of data analytics and artificial intelligence solutions, has secured funding from German-based GreenTec to expand their offerings targeting e-commerce clients. The funding (amount not revealed) [...]
Co-op Bank Strikes a Ksh0.8Bn Deal to Supply Kenya Police with 125 Vehicles
Co-operative Bank, in partnership with South Africa’s Super Group, has struck a deal with the Kenyan government to supply 125 police vehicles at an estimated cost of Ksh890 million. According [...]The 2-year Treasury Bond Oversubscribed by 92%
Investors oversubscribed to the 2-year bond issued by Central Bank in the first week of January. CBK issued a 15-year bond and a 2-year bond both worth Ksh40 billion. The [...]Nation Media Group Share Drops by 12% Since Start of 2019
Nation Media Group’s shares have suffered a sharp decline in value for the past three years. In that period, the firm has lost more than Ksh22 billion of its market [...]CMA partners with Securities Regulators in Africa and Middle East
Capital Markets Authority has partnered with other securities regulators in Africa and Middle East as well as Financial Sector Deepening Africa to find ways to increase uptake of capital markets [...]Three African Innovators win $600K each for their Sustainability Projects
BBOXX, which has presence in Kenya and regional market, Tanzania-based Sanku, and South Africa's African Leadership Academy are among five global innovators that took home $600,000 after emerging winers in this [...]
