Weekly Market Commentary (July 24 28, 2017)
This week volume dipped marginally with 151.9 million shares traded as compared to the previous week’s 170.5 million (-10.9%). However total turnover increased to Kshs. 4.5 billion from Kshs. 4.2 [...]
Ranked; Kenya's Largest Collective Investments Schemes
Assets under management held by Kenya’s 17 collective investments schemes totaled Sh 55.8 Billion at the end of March 2017, according to the latest report by the Capital Markets Authority [...]Safaricom Becomes First Kenyan Company To Breach Sh 1.0 Trillion Market Cap
On Friday 28th July 2017, Safaricom (SCOM) reached a milestone as it became the first company in Kenyan business history to surpass the Sh 1.0 trillion market capitalization, and still remains East [...]How National Bank of Kenya Colluded with Auctoneers To Sell Investor's Prime Land
A retired senior military officer is crying out for justice after his relentless efforts to reclaim 300 acres of land sold by National Bank of Kenya failed to bear fruit. [...]Kenya Airways Proposed Capital Restructuring: The Good and the Bad
The following is an update from Genghis Capital after the release of Kenya Airways capital restructuring circular; The transaction seeks to cut Kenya Airways’ debt by approximately KES 50.0 Billion [...]EABL full-year net profit up 6%, slashes operating costs
By Reuters Kenya's East African Breweries said net profit for the year through June rose 6 percent to 8.5 billion Kenyan shillings ($81.89 million), helped by reduced operating costs and [...]National Bank Kenya Half Year 2017 Earnings Down 42%
National Bank of Kenya became the first listed bank to report its Half Year 2017 results. Highlights; Total operating income fell by 30% to Sh 4.01 Billion. Profit after tax [...]NMG Reports Flat Half Year Earnings, Daily Nation Revenues Stumble
Nation Media Group (Stock; NMG) has reported its Half Year 2017 financial performance with headline revenues declining by 6.40% to Sh 5.3 Billion. The media giant said the decline in [...]Kenya's Stock Market Touches Two-Year High 12 days to General Elections
Less than two weeks to the General elections, the Nairobi Securities Exchange All Share Index (NASI) on Wednesday's trading session touched a two year high of 158.35 points. NASI is market [...]Safaricom to launch E-Commerce site next month
According to Techweez, Kenyan telecoms giant Safaricom (Stock; SCOM)is to launch its Masoko E-commerce portal in the weeks ahead to take on dominant players like Jumia and Kilimall. The development [...]Kenyan Startup M-Shule Receives Funding from Canadian Investors
Engineers Without Borders Canada has announced its investment in M-Shule, a Kenyan-based EdTech company using SMS to deploy tailored education content for children in Sub-Saharan Africa. This is the eighth [...]Air France To Resume Nairobi flights after 18 Year Absence
French National airline, Air France will soon resume flights between Charles de Gaulle Airport (CDG) in Paris and Jomo Kenyatta International Airport in Nairobi after an 18 year absence. The airline [...]
