Kenya Airways Chairman says Mbuvi To Remain as CEO
The new chairman of Kenya Airways Mr Michael Joseph has said that the airline's chief executive Mbuvi Ngunze will not resign as demanded by its pilots few weeks ago. Michael said Mbuvi is part [...]
IFC and Kenya’s CMA sign agreement to support corporate governance
IFC, a member of the World Bank Group, and Kenya’s Capital Markets Authority (CMA) have signed an agreement to strengthen corporate governance aimed at positioning Kenyan firms to be more competitive. [...]Safaricom Half Year Net Profit Up 32% To Sh 23.9Bn
Safaricom has posted a 32.4% increase in net income to Kshs 23.93 Billion for the first half period ended September 2016 compared to Kshs 18.08 billion posted in a similar six month period ended [...]Kenya’s October private sector growth falls to 4-month low
According to Stanbic Bank Purchasing Managers’ Index (PMI™) data released on Thursday, Kenya’s private sector fell to a four-month low of 52 in October from 53.5 posted in September, signaling a slowdown [...]Nakumatt Tanzania Sells 51pc Stake
Nakumatt Tanzania has sold a 51 per cent stake at an undisclosed value to a company known as Ascent Investment Limited. The retail chain recently announced that it is seriously in need [...]Equity Bank Net Profit Up 18% despite massive rise in Bad Loans
Kenya's Equity Bank Group has said that its net profit for the first nine months this year rose by 18 percent to Sh 15.1 billion compared to Sh 12.8 Billion reported in the same period in [...]October 2016 in Charts
“A stock operator has to fight a lot of expensive enemies within himself.” – Edwin Lefevre The NASI (Nairobi All Share Index) closed at 138.31 points on the first session [...]Kenya October Inflation hits 6.47%, highest since February
According to the Kenya National Bureau of Statistics, the country's October inflation shot up slightly to 6.47 percent year-on-year from 6.34 percent posted in September mainly as a result of rise food and petrol [...]Mumias Sugar Extends Losses to Sh 4.7Bn
Mumias sugar company has extended its net losses for the full year ended June 2016 by 2% to Sh 4.73 Billion compared to a loss of Sh Sh4.64 Billion posted [...]What is a good business? The Buffett Way
The answer is quite simple, A Good Business is one that earns a High Rate of Return on Tangible Assets! Have a listen to the insightful video below: (The interview [...]Kenya Power Profit drops slightly to Sh 12.1Bn Despite Increased sales
Kenya Power Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year. During the [...]Kenya Airways Half Year Loss Declines 60% to Sh 4.8Bn
Kenya Airways has reported improved financials for the first six months ended September 30 by cutting its losses by 60% to Ksh 4.8 Billion from a loss of Ksh 12Billion. Operating profits surged by [...]
