Kenya switches to quarterly debt issuance calendar from monthly
NAIROBI (Reuters) Kenya plans to offer five Treasury bonds for sale in the first quarter of its 2016/17 (July-June) fiscal year, with tenors ranging from two years to 15 years, [...]
Market Report; Safaricom Market Cap hits Ksh 765.3 Billion, 37% of NSE.
Market Report 1st August 2016 The Nairobi Securities Exchange opened the month with a total of 34.9M shares valued at Kes.746M, against 19M shares valued at Kes.371M posted on Friday. The NSE 20 [...]Atlas Acquires stake in Nigerian based Online Sports Betting company
Nairobi Securities Exchange listed Atlas African Industries has announced that it has acquired an interest in BonanzaWin, a Nigerian based gaming company offering a range of online and real-play gaming experiences [...]Kenyan Banks Lending Rates Rise as at June 2016
Recently Members of Parliament passed a bill of capping interest rate at 400 basis points above the Central Bank benchmark Rate. The bill was passed unanimously by parliament and currently [...]ICPAK supports Regulation of Interest Rates, says banks can't self regulate themselves
Kenya's Parliament last week passed a Bill aimed at capping bank interest rates at four per cent above Central Bank Rate. The MPs also went ahead to endorse jail terms for CEOs and directors of [...]Kenya's July inflation at 4-Month high of 6.39%
Kenya's inflation rose to 6.39 percent year-on-year in July from 5.80 percent the previous month representing the highest figure since March 2016,the rise was driven by higher food prices. Prices of food [...]Cabinet okays Kenya Govt to acquire 40% stake in currency printing firm- De La Rue
Government of Kenya Cabinet has approved the joint venture between the Government and British firm, De La Rue. According to State House Kenya, the new arrangement will enable the Government [...]CIC Insurance half year top line numbers decline,net Profits up 49%..
CIC Insurance has released its half year results for the period ended 30th June 2016 posting a 13% drop in total income of Ksh 6.3 Billion against Ksh 7.2 Billion [...]EABL profits up by 7% to Ksh 10.3 Billion, driven by recovery of Senator
East African Breweries Limited (EABL) on Thursday announced its results for the financial year ended 30 June 2016, posting Ksh 10.3 billion in profit for the year, a 7% growth compared [...]WPP Scangroup sees 38.4% jump in Half Year Profits
Nairobi Securities Exchange listed marketing and communications firm WPP Scangroup has posted a 38.5% jump in half year Profit before tax of Ksh 395 Million compared to Ksh 285 Million posted [...]Auction Results: Yields on Treasury Bills rise
91-Day Treasury Bill The yield on the 91-day T-bill rose to 8.293 percent on Thursday's auction compared to 7.919 percent registered last week. The Central Bank of Kenya received bids [...]Defining The Aviation Industry
The Aviation Industry is filled with lots of industry jargon, we felt that it is quite key to explain a few basic terminologies/acronyms used by professionals in this industry which [...]
