Kenol Kobil Pre-Tax Profit Jumps by 27%, Dividends Declared
KenolKobil Limited a downstream oil marketer posted strong full year earnings for the period ending 31 December 2016. Profits before taxes increased by 27.16 percent to Ksh 3.5 Billion in [...]
Beverley Spencer-Obatoyinbo Appointed new MD of BAT Kenya
The Board of directors of British American Tobacco has announced the resignation of the current Managing Director, Mr Keith Gretton effective from May 1 2017. Mr Keith has served the [...]Let Dangote mine coal locally, orders Magufuli
Tanzania President John Magufuli has directed the country's National Development Corporation (NDC) to allocate Dangote Cement a section of Ngaka coal mine in Mbinga District, Ruvuma Region. Magufuli issued the [...]Standard Group Bounces Back into Profits Due to Fall in Operating Costs
Kenyan listed media company Standard Group has bounced into profit in full year 2016 after posting a loss the previous year, helped by falling operating costs and slightly higher revenues, [...]Kenya Bank borrowing to rise sharply in 2017 According to Metropol
Kenyan economy is predicted to grow at 6.5 per cent in 2017 from an estimated 5.9 per cent last year driven largely by a historic spike in borrowing this year [...]Kenya Private Sector Growth falls to record low, Nears Contraction
The Kenyan private sector growth moved towards stagnation in the month of February with the Stanbic Bank HIS Markit Purchasing Manager’s Index posting its lowest reading since the inception [...]12 Yr Infrastructure Bond Tap Sale misses Target
The Central Bank of Kenya on 28th Feb 2017 offered a Ksh 24 billion Tap Sale on the twelve year amortized infrastructure bond. This came after the initial sale where [...]Sanlam Kenya Results After Adjusting Their Long Term Insurance Business
Sanlam Kenya few weeks ago retracted its profit warning statement on revaluation of its long term insurance business. The company's Full Year Total income fell by 1.12% to 7.15 Billion vs. [...]Uchumi Supermarkets posts a Half Year Loss of Ksh 547 Million
Nairobi Securities Exchange listed retailer Uchumi Supermarkets has released its half Year results posting a loss after tax of Ksh 547.3 Million from a loss after tax of Ksh1. Billion . Net sales [...]Boeing opens offices in Joburg Nairobi to meet increasing air traffic demand
The world’s largest aerospace company said Africa would be in need of 1,150 new airplanes over the next 20 years as the most recent Current Market Outlook report predicted that [...]KenGen HY Pre-Tax Profit Plunges By 22%
The country’s largest power producing company, Kenya Electricity Generating (KenGen) Company has announced a 22 per cent drop in its half year profit before tax to Ksh 6.57 Billion compared to [...]Five simple ways on how to Spot a counterfeit Kenya Shilling Note
Despite the growing use of mobile and card payments, majority of Kenyans still make their transactions in cash leaving us wide open to the problem of counterfeit notes. The Central Bank of Kenya [...]
