Kenya's July private sector growth rebounds to hit 53.3%
Kenya’s private sector growth picked up in July, as business conditions improved at a faster pace, according to the latest Purchasing Managers’ Index (PMI) data released by CfC Stanbic Bank [...]
TIER 3 BANKS EXPERIENCING TIGHT LIQUIDITY CONDITIONS.
The chatter in the money and capital markets is that banks in this segment of the market are beginning to feel the impact of the recent collapse of Chase Bank, [...]KCB Group HY 2016 Pretax Profits up 14%, reschedules rights issue
KCB Group has reported a 14% jump in Half year 2016 profits to Ksh 15.1 billion driven by net interest income which rose by 16% from KShs 19.4 Billion to KShs 22.5Billion. Major Highlights [...]Kenol Kobil Half Year 2016 net profit up 30% to Ksh 1.2 Billion
KenolKobil has reported 30% increase in its half year net profit to Ksh 1.19 Billion compared to Ksh 918 Million posted in a similar period in 2015. The performance was driven [...]Exotix Partners urge investors to pick Kenyan Bonds Over Nigeria
According to Stuart Culverhouse,the chief economist and global head of research at Exotix Partners, Kenya would be better received by sovereign bond investors than Nigeria because of its lack of commodity exposure.While [...]Kenya Airways Topline Performance
Kenya Airways released its annual financials a week ago with loss making headlines. We decided to take a step back and try and break down the numbers. In this piece [...]Superior Homes to list on Nairobi Exchange in H2 2016
Capital FM;- Superior Homes- A real estate company has announced its intentions to list on the Growth Enterprise Market Segment (GEMS) of the Nairobi Securities Exchange in the second half [...]Kakuzi posts a Pre-Tax loss of Ksh 51.6 Million,also restates HY 2015 Profits
Nairobi Securities Exchange listed agricultural firm, Kakuzi Limited has reported a Pre Tax loss of Ksh 51.6 Million for the period ended June 2016 compared to a restated profit of Ksh 3.6 million [...]Bank agents in Kenya moved 80 Mn Transactions worth 442Bn in 2015
According to the the latest data from the Central Bank of Kenya, Bank agents across the country conducted about 80 million transactions valued at Ksh. 442.2 billion in 2015. This was an [...]Safaricom's value now Higher than all NSE Banks EABL merged
Market Report 02/08/2016 Safaricom on Tuesday's trading session continued to set new records after the counter hit an all-time high of Kes.21.00 before retreating to close the day at Kes.20.00. At market close, the [...]Uganda Govt asks Kenya to fast track former Uchumi employees’ salaries
Ugandan Government has asked its Kenyan counterpart to fast track the payment of traders and former employees of Uchumi Supermarket in Uganda. Late last year, Uchumi supermarket exited Uganda, but [...]Uber Kenya says it will reassess the 35% price change if drivers won't make enough'
Uber Kenya has said that it will reassess the recent move to slash its prices by 35% if the amount the drivers make on the road isn’t what they expect. Uber argues that the reduction [...]
