TransCentury Delays Release of Full Year 2016 Financial Results
TransCentury Limited (NSE; TCL) has announced that it will delay the release of its financial results for the year ended 31st December 2016. In a statement, the company said the delay is [...]
Kenya's April Inflation Rises Further to 11.48% on High Food Prices
Kenya's April inflation increased further to a 57th Month high of 11.48 per cent from the previous month's 10.28 percent, data from the statistical office (KNBS) showed On Friday. The growth was caused [...]Flame Tree Group Issues Bonus as Full Year 2016 Earnings Plunge By 19%
Flame Tree Group Holdings (FTGH: NSE) the diversified manufacturer and distributor of plastic tanks, cosmetics and snacks has announced its financial performance for Full year 2016. The Group reported growth in [...]CBK Awards Dubai Islamic Bank License To Operate In Kenya
One of the largest Islamic Banks in the United Arab Emirates, Dubai Islamic Bank (DIB), has been awarded license by the Central Bank of Kenya (CBK) for the establishment of [...]WPP Scangroup Full Year 2016 Earnings Down 3.8%, Sees Growth in PR Business
WPP Scangroup, the only listed marketing and communication company on the Nairobi Securities Exchange has reported a decline of 3.8 percent in its full year 2016 profit after tax to Sh [...]PE Firm Catalyst Principal Partners Acquires Minority Stake in Kensta Group
Catalyst Principal Partners LLC has announced that it has acquired a minority interest in Kensta Group, a 52-year-old family run business in the printing and packaging industry. Kensta is headquartered in Kenya and [...]Chris Diaz becomes first Kenyan and African to win Markie Marketing Award
Brand Kenya director Chris Diaz has become the first Kenyan and African to win the Markie Ward, an international competition that recognises excellence in marketing. Chris won the Markie Award [...]East African Venture Capital Association expands its Board of Directors
The East African Venture Capital Association has announced the appointment of three new board members; David Owino Managing Partner, Ascent Capital , Yida Kemoli Senior Partner, Phatisa and Nonnie [...]TPS Eastern Africa (Serena) Swings Back into Profit Zone, Hikes Dividend
The Serena Hotels Group trading under the name Tourism Promotion Services (TPS Serena) has reported a profit before tax of Sh 325 Million compared to a loss before tax of Sh 211 [...]Land values biggest beneficiary of infrastructure projects Hass
HassConsult has unveiled land price trends for the first quarter of 2017, presenting the Nairobi suburbs and satellite towns that were big winners of the ongoing infrastructure projects as investors and [...]Kenya to benefit from Sh 370M nuclear infrastructure development kitty
Kenya has been listed among the 30 nuclear newcomer countries that will benefit from the recently signed agreement between International Atomic Energy Agency (IAEA) and Rosatom. The agreement is aimed [...]Tullow Oil, Africa Oil Corp Maersk Oil Discover More Oil in Northern Kenya
Oil exploration group Tullow Oil together with its exploration partners Africa Oil Corp and Maersk Oil have announced that they have made more oil discovery in Block 10BB in the northernmost end of the [...]
