Safaricom to roll out IT Products to boost Africa's Agriculture
Efforts to revamp and accelerate agricultural production in sub-Sahara Africa will require the concerted effort of both the public and private sector players Safaricom CEO, Bob Collymore. Speaking during the ongoing [...]
Eveready E.A to Sell 18.5 Acres in Nakuru, Issues Profit Warning
Eveready E.A Limited has released a cautionary announcement signaling investors of their full intention to dispose off their proporty situated in Nakuru with a size of 18.5 Acres. The company [...]Volkswagen to start making cars in Kenya again after 40 years
-Volkswagen News Volkswagen is expanding its commitment in Africa with local production of the Polo Vivo in the Kenyan city of Thika near Nairobi. The project which will be jointly [...]Wednesday Trades on Safaricom Up 666%
At the Nairobi Securities Exchange during Wednesday's trading session, 86.76Million shares were traded driven mainly by Safaricom which took a huge bite of 57.67Million shares worth Ksh 1.1 Billion representing 666.46% increase from [...]Kenya August 2016 Market Report
In a year where the SP 500 is hitting record highs, the Kenyan NSE 20 is the exact opposite going further down as the year progresses as shown below: Now [...]FEP Holdings denied Banking Licence by the Central Bank Of Kenya
Kenya's Central Bank has denied Fountain Enterprise Programme (FEP Holdings) a licence to run a deposit-taking microfinance bank, according to the Business Daily. FEP Holdings is local investment group with a large exposure in the [...]When Safaricom Sneezes, the Market Catches a Cold
Safaricom has gone under a major price explosion over the last few weeks, touching new records while the rest of the market has been seriously hit by the ongoing bear run. The company's share [...]Liberty Holdings Net profit drops 15pc
NSE Kenya listed Insurance firm Liberty Holdings half year 2016 profit after tax fell by a 15.3 per cent drop as a result of a 41.5% increase in claims from policyholders [...]Umeme Ltd Half Year Results Update
Umeme Limited is a Ugandan electricity distribution company which is cross-listed in Uganda and Nairobi stock exchanges. The company has released its half year 2016 numbers posting an increase in topline [...]Kenyan Private Sector growth hits at a three month high
Kenya’s private sector growth picked up slightly in August, supported by stronger job creation and a sharp rise in input stocks according to the latest Purchasing Managers’ Index™ (PMI™) data [...]South Korea, Kenya to cooperate on nuclear energy
State-run utility Korea Electric Power Corp (KEPCO) on Friday agreed a deal on developing nuclear energy in Kenya, as the African nation looks to broaden its sources of electricity. The [...]Kenya Signs EU Trade Deal, Warns About Losing Market Access
-Bloomberg Kenya signed a trade deal that will keep the door open to European markets, as it warned that the failure by other countries in the East African Community to [...]
