Kenya Private Sector Activity Contracts For the First Time In Series History
Kenya's March private sector growth has witnessed contraction for the first time, linked to the fall in activity to weaker underlying demand conditions, and lower willingness to spend, Stanbic Bank HIS [...]
Crown Paints Spends Sh200 Million To revamp East African factories
Nairobi Securities Exchange listed Paint manufacturer Crown Paints (Symbol; BERG) has invested Sh200 million to boost production in its plants across the East African Market. According to Smart Company, Crown Paint's [...]Stima Sacco Pre-Tax Profit Jumps 89%, Declares Sh 1.2 Billion in Dividends
Stima SACCO has announced a 1.2 billion shilling dividend payout to its shareholders up 14 percent compared to 12 percent paid in 2015. The Sacco posted an increase of 89 per cent [...]Q1 2017 Market Report
I do not play according to a given set of rules; I look for changes in the rules of the game. George Soros We have come to the dawn [...]Centum Sells Entire 26.4% Stake in KWAL to African Liquor Giant, Distell
Centum Investments has sold its entire 26.4 per cent stake in Kenya Wine Agencies Limited (KWAL) to Distell Group Limited, Africa's largest producer of spirits, wines, ciders and ready-to-drinks (RTDs), based in South [...]Safaricom Widens Market Share to 71.2% as Equitel Slumps
Safaricom Limited has extended its market share in the Kenya's telecommunication industry in the second quarter of the Financial Year 2016/2017, according to the ICT Sector Quarterly Statistics Report released on Monday. Safaricom recorded [...]After Quitting Kenya Airways, Chris Diaz Joins Bidco As Director for Sales Marketing
Experienced marketer will lead Bidco’s Sales and Marketing Teams Consumer goods manufacturer Bidco Africa has appointed former Marketing Director of Kenya Airways Chris Diaz as its Group Sales and Marketing [...]Mwalimu sacco Pumps Additional Sh375m into Loss Making Spire Bank
Kenyan Teachers Cooperative Savings Credit Society popularly known as Mwalimu National Sacco Limited has injected an additional Sh 375 Million into loss making Tier three lender, Spire Bank Of Kenya in [...]KEBS Warns Public Against Importing Used Australian Vehicles from Dubai
The Kenya Bureau of Standards (KEBS), a government agency responsible for governing and maintaining the standards and practices of metrology in the country has warned Kenyans against importing used Australian vehicles [...]Carbacid Net Profit Down 30%
NSE Kenya listed Carbacid Investments has posted a decline of 30.9 per cent in net profit for the half year period ended 31st January 2017 to Sh 164 Million. Sales fell by 30 per [...]Barclays Kenya Picks Wall Street Banker Musyoka Muthui As Head of Strategy
Barclays has appointed a Wall Street investment banker, Musyoka Moses Muthui, to head a newly created strategic unit focused on building the bank's strategy, according to a memo sent out [...]Kenya-Re Hikes Dividend Despite Decline In Earnings
Nairobi Securities Exchange listed Kenya Re-Insurance Corporation (Symbol; KNRE) has released its FY 2016 results posting a decline in Net Profit by 8 per cent to Sh 3.3 Billion compared to Sh 3.56 [...]
