Central Bank Kenya Keeps Rates Unchanged for third consecutive meeting
At its 27th March monetary policy meeting, the Central Bank Of Kenya (CBK) decided to keep its benchmark interest rate (CBR) unchanged at 10.0% for the third Meeting in a row, a [...]
Williamson Tea Kapchorua Tea Issue Profit Warning, Announces cost cutting Measures
Williamson Tea and Kapchorua Tea have today issued profit warning statement saying their earnings for the financial period ending 31st March are expected to be lower by at-least 25% compared to the [...]Shelter Afrique issues Profit Warning
Pan African Financial Institution Shelter Afrique issued a profit warning for their 2016 financial year and expects their earnings to be lower than 25 percent of their earnings reported in [...]Limuru Tea Plunges into Ksh 26 Million Loss Before Tax No dividends
Nairobi Securities Exchange agricultural listed company Limuru Tea released its full year results for the period ending 31 December 2016. The tea company's revenues went down by 15 percent from [...]World's 7th Largest Gold ETF Lists 400K Gold Bullion Debentures On NSE
The World's seventh largest Gold ETF, New Gold ETF has today listed 400,000 gold bullion debentures on the Nairobi Securities Exchange (NSE). Barclays Financial Services Limited (BFSL), the brokerage arm of [...]Britam Swings To Sh2.5Bn Profit On Massive Drop In Benefits Claims
Financial services group Britam has reported a full year 2016 has bounced back to post a pre-tax profit of Sh 4.2 Billion versus a net loss of Sh 1.2 Billion [...]Court Extends Imperial Bank Receivership for Another Three Months
A High Court in Nairobi on Friday granted a three month extension of the Receivership of Imperial Bank saying stakeholders needed more time to resolve the receivership. This was following agreement between [...]NSE Hikes Dividend Ratio Despite 40% Profit Slump
Nairobi Securities Exchange Limited (NSE Kenya) has said its full year profit fell by 40%, hit by a decline in equity turnover, which fell by 30% from Kshs. 419 billion in 2015 [...]CBA Contracts Nasdaq Listed Firm to Develop Kenya's First Digital Card
Commercial Bank of Africa, Kenya's largest privately owned bank last week launched a new digital banking solution based on a mobile app named Loop, making it the first of its kind [...]M-Akiba Mobile Bond Goes Live..
Kenya today set history by becoming the first country in the world to offer a government bond traded exclusively through a mobile handset. The M-Akiba bond will debut at the [...]Mumias Sugar Receives Sh240 Million Bailout from Govt
Mumias Sugar Company has received about Sh 240 Million from the government as part of the company's ongoing bailout arrangement worth Sh3 billion which was requested in 2015. The Govt through the ministry [...]Italian Vehicle Maker Iveco To Set Up Sh2.3B assembly plant in Mombasa
Italian truck manufacturer Iveco has announced that it is at an advanced stage of setting up a Sh 2.3 Billion assembly plant in Mombasa, marking a comeback to the Kenyan market through [...]
