Bamburi Cement Posts 78% decline in Half Year Earnings
Bamburi Cement has reported a 78.3% decline in half year earnings to Sh 399 million. The listed cement manufacturer says the period was challenging as the market continued to contract [...]
Cargo Handled at the Port of Mombasa Surged by 0.6%
The Kenya Ports Authority (KPA) posted a 0.6 per cent increase in the cargo handled to 2,720,000 deadweight tonnage (DWT) during the month of June this year compared to June [...]Progress of Key Developments in Kenya’s Capital Markets Space
Kenya’s Capital Markets Authority (CMA) is making important strides with developments in the capital markets such as the development of the regulatory sandbox, the implementation of the hybrid bond market, [...]HF Group Half Year Earnings Plunge by 96% to Sh 6.8M
Housing Finance (HF) Group has reported its financial results for the half year period ended June 2018 with net earnings for the period down by 95.7% to Sh 6.8 million [...]UK Enters into Economic Deals Worth Over Sh38.8bn with African Nations
UK Prime Minister Theresa May’s visit to Africa last week has seen the European country enter into economic deals worth over Sh38.8 billion with African nations. May together with UK’s [...]Kenya Loan Apps Hit 49; M-Shwari Controls 29% of the Digital Lending Market Share
A recent report from FSD Kenya indicates that 29 per cent of mobile phone owners in Kenya have borrowed from M-Shwari and there are 49 loan apps in the country. [...]Safaricom to Introduce New Measures to Address SIM Swap Fraud
Safaricom Plc has announced today new measures to deal with SIM swap fraud, an issue that has seen Kenyans lose millions of shillings. The telco said it will be taking [...]PSPs Required to Submit Cybersecurity Policy, Strategies Frameworks by 31 Aug
The Central Bank of Kenya (CBK) has asked all payment service providers (PSPs) to submit their cybersecurity policy, strategies and frameworks by August 31, 2018, under the new draft guidelines. [...]Centum completes sale of 73.35% controlling stake in GenAfrica Asset Managers
Centum Investment Company has completed the sale of it 73.35%stake in GenAfrica Asset Managers to New York based equity fund Kuramo Capital Management LLC. “Through this sale we have created [...]Kenya to receive $232 million for wind power project
Kenya is set to receive $232 million from the Us Overseas Private Investment Corporation (OPIC) and Kipeto Wind Energy Company in the financing for the construction and operation of 100 [...]Online betting companies spend big on the Premier League
The Premier Leagueis the strongest football competition in the world and a magnet for the best players and managers. Not surprisingly, it is also the richest domestic league, with huge [...]AfDB commits $105m to Finance Improvement of 73-Km Kenya-Uganda Road
The African Development Bank (AfDB) will finance the 73-kilometre road connecting Kenya and Uganda with $105 million in an effort to boost trading activities and economic growth between the two [...]
