Safaricom Stock Slides to 8-Month Low, NSE 20 Returns To Sub 3000
Shares of Kenya's Largest Listed company, Safaricom Ltd fell to an 8 Month low of Sh 17.70 on Tuesday's trading session, as worries over a leaked report recommending Breaking M-Pesa from [...]
Kenya Feb Inflation Rate Hits Highest Level Since June 2012
Kenya's February Inflation rate increased to 9.04% year on year from 6.99 percent recorded in Jan 2017. This was the highest inflation rate since June of 2012 and the spike was [...]Isuzu Acquires 57.7% Stake of General Motors EA
Japan's Isuzu Motors has acquired a majority 57.7% stake in General Motors East Africa from the parent company General Motors Co. (NYSE:GM. Isuzu has said that is making this investment [...]KenGen Awards Mitsubishi Corp Contract To Construct Olkaria V
NSE Kenya Listed Kenya Electricity Generating Company Ltd (KenGen) has contracted a group led by Japanese industrial major Mitsubishi Corp to build a 140-MW geothermal power plant in Kenya (Olkaria [...]Mumias Sugar issues Profit Warning, Loss Deepens By 70% To Sh 3.79Bn!!
Mumias Sugar has released its financial results for the six months ended December 2016 posting a 40 per cent decline in net revenue to Sh 1.53 Billion compared to Sh [...]Kenya's Central Bank in the Market Seeking Sh 24 Bn via Tap Sale
Kenya Government through the Central Bank of Kenya has returned to the market inviting investors to participate in a Tap Sale of the 12 Year Infrastructure Bond seeking to raise Sh 24 [...]Samsung Names Tuskys its best partner in East Central Africa
Tuskys Supermarkets has been crowned the Best Consumer Electronics Partner in East and Central Africa by Samsung during the 8th Annual Samsung Africa Forum held in Cape Town, South Africa. The Chain [...]Interswitch expands its ‘VERVE’ payment network to 12 Kenyan Banks
Interswitch Group has announced that 12 Banks in Kenya have signed with Verve International,' the company's payment solution which allows customers to make payments across the lenders’ network in over 3,000 point of sale terminals, 1,300 [...]LSE listed Acacia Mining Discovers High Grade Gold in Western Kenya
London Stock Exchange listed Acacia Mining has announced the discovery of an estimated 1.31 million ounces (Sh125,800 per ounce = Sh165 Billion) of gold resources on the Liranda Corridor within its West [...]Limuru Tea Issues Profit Warning on New Accounting Rules
Nairobi Securities Exchange listed agricultural firm, Limuru Tea Ltd has issued a profit warning saying that its Full year 2016 profits are expected to fall by more than 25 per cent [...]Pesapal Integrates American Express into its Payment Platform
Pesapal, an e-commerce platform has announced the integration of American Express into its payment platform. According to the company's communications Manager Wamuyu Kiragu, American Express card holders will from today the [...]Unga Group Half Year Profits drops by half, issues Profit Warning!
Flour milling and manufacturer of human nutrition products and animal feeds company Unga Group's half year revenues for the six months ending 31 December 2016 decreased by 2.6% from Ksh [...]
