Morgan Stanley Frontier Index deletes Four NSE Firms, adds NMG
The Morgan Stanley Capital International, a leading provider of international investment decision support tools, announced in its latest review the inclusion of one Kenyan company into the MSCI Frontier Markets [...]
Equity Bank Half Year Net Profit up 18% to 10.1Billion
Equity Bank's half year pretax profits increased by 18% to Ksh 14.23 billion ($140.50 million) from Ksh 12.1 billion. This was mainly driven by a 37% increase in net interest income to Ksh 21.2 [...]Deacons posts Ksh 70 Million Loss two weeks after listing on NSE
Fashion retailer Deacons which listed on the Nairobi Securities Exchange on 2nd August 2016 announced its half year results on Friday posting a loss before tax of Ksh 70.2 million. However, its [...]Longhorn Publishers FY16 Profit After Tax Jumps by 45% to Ksh 104 Million
Longhorn Publishers recorded a 45% growth in after tax profits for its full year ending 30th June 2016 to stand at KES 104 million compared to KES 71 million in [...]ICT Ministry’s new policy to allow more tech companies to list on NSE
The Information, Communications and Technology (ICT) sector is expected to have a new National ICT Policy in the next 30 days once a review of the 2006 policy is complete. [...]Rotich says Govt is Concerned over poor uptake of life insurance
National Treasury Cabinet Secretary Henry Rotich has challenged local insurance and related financial services firms, to improve their market development efforts through the retention of qualified sales agents countrywide. Lack [...]Standard Chartered HY16 Profits After Tax Soar by 35% to 5.2Bn. Dividends Declared!
Standard Chartered Bank Kenya Half Year 2016 Financial Highlights are as follows: Total Interest Income went up by 21% to KES 13 Billion compared to KES 10.8 Billion in 2015. [...]Coop Bank Kenya half year net profit up 19pc to Ksh 7.41 Billion
Co-operative Bank of Kenya has recorded a 19% increase in profits after tax for the six months to June, driven by a 28% growth in interest income. Net profit stood at Ksh 7.41 [...]Kenya Airways acquires fast and secure connectivity communication system
SITA, a global air transport communications provider, has partnered with national carrier Kenya Airways to provide the airline with access to high-speed, secure connectivity communication linking employees and sales offices [...]Fitch Ratings says Large Kenyan Banks Best Placed to Deal with Rate Cap
Credit Rating agency Fitch Ratings has said that Kenya's leading banks are better placed than their smaller competitors to manage the fall in profitability and rise in loan impairments likely [...]Pan Africa Insurance Holdings is now Sanlam Kenya Plc
Nairobi Securities Exchange (NSE) listed financial services firm Pan Africa Insurance Holdings Limited has rebranded to Sanlam Kenya Plc. Sanlam is a financial services group listed on the Johannesburg Stock [...]Central Bank Kenya warns Banks over wrongful blacklisting of customers
The Central Bank of Kenya has warned commercial banks for wrongful blacklisting of customers on the Credit Reference Bureau. CBK further warns that if due process is not followed or the offence listed was [...]
