Auction Results: 10 Yr Bond ticks up to 15.267%
In the latest Bond Issue: FXD 1/2016/10 DATED 29/08/2016. The 10 Year Bond received 795 bids amounting to Ksh 26.3 Billion for the Ksh 25 Billion on offer, however, the [...]
Britam Half Year Profits Up By 175% To Ksh 2.87Bn, Boosted by revaluation
Listed financial services firm Britam Holdings has reported 175% growth in half Year 2016 Profit Before Tax to Ksh2.87 Billion. The increase was mainly as a result of revaluation of its [...]
Banks unhappy with President Kenyatta decision to sign bill capping rates
The Kenya Bankers Association- the umbrella body of Kenyan Banks yesterday issued a statement saying they were not happy with President Kenyatta’s decision to sign the bill to cap interest rates but are still [...]Markets Regulator Approves CDC Group To acquire Controlling Stake in ARM
The Capital Markets Authority of Kenya has granted approval to CDC Group to acquire a controlling 40.65% stake in Nairobi Securities Exchange Listed firm ARM Cement. CDC Group is UK’s [...]President Uhuru Kenyatta Signs into law Bill to Cap Interest Rates
STATEMENT BY H.E. UHURU KENYATTA, PRESIDENT OF THE REPUBLIC OF KENYA AND COMMANDER-IN-CHIEF OF THE DEFENCE FORCES, ON THE BANKING (AMENDMENT) ACT 2015 On July 28, 2016, the National Assembly [...]Kenyan Born Patel appointed Governor of Reserve Bank Of India
The Indian government on Saturday named insider Urjit Patel as the new governor of the Reserve Bank of India, to replace popular central banker Raghuram Rajan when his term ends [...]Kenya finalises agreement for development of crude oil pipeline
Kenya has finalised an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. Moller-Maersk for the development of a crude oil pipeline, as it bids to [...]Genghis Capital acquired by Pamoja Capital
Genghis Capital, a stock brokerage associated to the troubled Chase Bank has been acquired by Pamoja Capital, a Nairobi-based independent corporate finance advisory advisory firm which has offices in Nairobi and Johannesburg. [...]TPS Serena Half Year Loss reduces to Ksh 57 Million
NSE listed TPS Serena on Tuesday reported half year numbers posting an improved loss of Ksh 57.63Million compared to a loss of Ksh 97.28Million reported in the same period in 2015. Sales were [...]Equity Bank plans to be present in 15 countries in ten years
Kenya-based Equity Bank plans to have presence in 15 African countries in the next ten years, officials said on Monday. Chief Executive Officer James Mwangi told an investor briefing in [...]Limuru Tea net profit up by a fifth to Sh4.3 million
Limuru Tea’s net profit rose by a fifth to Sh4.3 million in the half year ended June, helped by increased output and higher prices of tea in the world market. [...]NSE Kenya Half Year Net Profit Plunges By 54%
Nairobi Securities Exchange has reported its numbers for the first half of 2016 with After tax profit falling by a massive 54% to Ksh 82 Million compared to Ksh 178.6 Million reported in [...]
