Kenya To Import 100,000 Tonnes Of Sugar To Curb Shortage
Kenya Agriculture and Food Authority (AFA) Director-General Alfred Busolo has said the Government will import more than 100,000 tonnes of sugar to curb the ongoing shortage in the country. Mr Busolo said [...]
Mumias Sugar To Be Closed indefinitely Due to Cash Flow Problems
Mumias Sugar Company (NSE; MSC) has announced operations will remain closed until further notice following a special Board meeting. The Nairobi Securities Exchange listed company said the closure was due to cash [...]Safaricom Stock Hits 2017 High Ahead of Wednesday's Earnings Release
Safaricom Ltd (SCOM) is coming in hot ahead of its full year earnings report on Wednesday 10th May. On Friday's trading session, the counter was trading between Sh 19.20 and a 2017 high [...]Tuskys Revamps E-Commerce Strategy To Improve Shopping Experience
A while back Tusksy Supermarket announced a deal with Jumia supermarkets, with the plan of ramping up its e-commerce offering. “As per the agreement, Jumia originates the customers online and [...]Kenya To Host Regional Digital Financial Inclusion Conference
The Central Bank of Kenya (CBK) and the Kenya Bankers Association (KBA) will co-host the inaugural Euromoney Kenya Conference to be held on May 9, 2017 in Nairobi. The conference [...]Ex Airtel Kenya Boss Adil Youssefi appointed Liquid Telecom CEO
Liquid Telecom Kenya has announced the appointment of former Airtel Kenya CEO Adil Youssefi as its new Chief Executive. Mr Adil will succeed Ben Roberts, who will become board Chairman [...]Stanbic Kenya Q1 2017 Earnings Slump by 9% on Lower Interest Income
Kenya's eighth largest bank by market share, Stanbic Kenya (NSE; CFC) has reported a drop 9.24 percent to Sh1.08 billion in net profit for the first quarter of 2017. Stanbic is now the [...]Kenya Markets Regulator Raises Concerns Over Late Profit Warnings
Kenya's Capital Markets Regulator (CMA) has said it will begin taking harder positions on companies that persistently issue late profit warnings. In a circular sent to all market participants of the Nairobi Securities Exchange, [...]Egyptian Investment Bank EFG-Hermes To Open Kenyan Office Before End Year
Cairo-based investment bank, EFG-Hermes Holding SAE has announced plans to start Kenyan operations in the second half of the year as it awaits approvals from the country's Capital Markets Authority other key [...]Deacons EA To Shut Down Undisclosed Number of Stores By Next Month
Barely two weeks after shutting down its Angelo store in Sarit Centre, Nairobi Securities Exchange listed fashion retailer Deacons East Africa PLC has announced plans to shut down undisclosed number of unprofitable stores [...]Kenya; Most Public institutions Haven't Embraced Mobile Money Services
The Kenya National Bureau of Statistics (KNBS) has carried out a survey to determine the use of mobile money among public institutions. The survey findings reveal that mobile money accounts [...]NIC Bank Q1 2017 Earnings Plunge By 3.9%, Completes IBL Management
NIC Bank Kenya (NSE; NIC) became the first listed lender to publish its financial results for the first quarter of 2017 with profit after tax declining by 3.9% to Sh 952 Million [...]
