Uchumi Supermarkets Posts an After Tax Loss of KES 1.68 Billion
Uchumi Supermarkets, a Kenyan retailer listed on the Nairobi Securities Exchanged released its full year 2017 results for the period ending 30 June 2017 that saw it post an after [...]
B.O.C Kenya Issues Profit Warning for FY17 Results
BOC Kenya Limited an NSE listed company engaged in the manufacture and sale of industrial gases, medical gases and welding products issued a profit warning expecting its full year 2017 [...]Ringier One Africa Media in Merger deal to create Africa’s largest Classifieds Group
Ringier Africa and One Africa Media (OAM) have signed a merger to create ROAM (Ringier One Africa Media), which aims to be Africa's largest classifieds group. The new company (ROAM) [...]NSE Suspends Trading of Kenya Airways Shares to enable Share Split exercise
The Nairobi Securities Exchange has suspended trading in shares of national carrier Kenya Airways effective November 15, 2017 up to and including November 28, 2017. The exchange said, the suspension [...]Kenyan Gov't is seeking KES 30 Billion through a 7Yr Infrastructure Bond
The Government of Kenya through the Central Bank of Kenya is issuing a 7 year infrastructure bond this month (November) targeting to raise KES 30 Billion. The amount will be [...]Kenya Govt Bans Importation of 2nd hand Vehicles Under 2011
The Kenyan government has placed a ban on the importation of second hand vehicles whose first year of registration is below 1st January 2011. The announcement was made through a [...]Pesapal Launches Sabi Mobile Point Of Sale
Pesapal has announced the launch of its mobile Point of Sale (mPOS) solution dubbed Pesapal Sabi. The solution allows businesses and individuals to process card payments in store or on [...]KQ Lenders Company and Kenyan Gov't now own 87% of Kenya Airways
In a statement published on the local dailies, Kenya Airways will see a major restructuring in its shareholding structure that will see the Government of Kenya and KQ Lenders Company [...]How to Calculate Currency Adjusted Returns
Article first seen on Investment Frontier When investing in foreign markets, it is important to consider currency risk, a topic that Investment Frontier has covered many times before. Calculating the [...]HF Group targets the aged with new medical cover
HF Group through its subsidiary HF Insurance Agency (HFIA) has partnered with BRITAM to introduce a medical cover, Afyamed, which has an age limit of 75 years. “Most players in [...]Quantum Global sells its stake in Kenya's Savannah Cement
Quantum Global, an international group of companies active in the areas of private equity investments and investment management has announced the sale of its shares in Kenyan cement manufacturer Savannah Cement [...]Britam shareholders approve 14.3% acquisition by PE Fund AfricInvest
Britam Plc shareholders have approved the acquisition of a 14. 3 per cent stake in the company by private Equity Fund AfricInvest. AfricInvest will now inject KSh 5.7 billion to [...]
