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 [...]Central Bank says Bill to Regulate interest rates will have adverse consequences
The Central Bank of Kenya has cautioned against capping interest rates, arguing that the move will lead to adverse consequences including inefficiencies in the credit market, credit rationing, promotion of informal [...]June Diaspora Remittance inflows to Kenya up 6.3% Vs May's 2.3%
Diaspora remittance inflows to Kenya increased by 6.3% in June to hit a record Sh15.6 billion compared with 2.3% growth of Ksh 14.6 billion posted in May, Central Bank has said. Cumulative inflows [...]Sameer Africa Half Year profits drop, Blames Political unrest in Burundi
Sameer Africa has reported a 9.1% drop in Half Year profits of Ksh 43.6 Million compared to the previous period's Ksh 47.9 Million. Revenues dropped by 16% to Ksh 1.49 billion [...]KALPA wants KQ to stop its job cuts programme
The Kenya Airline Pilots Association (KALPA) on Wednesday said that it wants Kenya Airways to stop the ongoing job cuts programme which targets 600 employees,arguing that it is unfair. The Union also said that KQ's [...]East Africa records continent’s highest share of FDI as Kenya Takes the lion's Share
The East African region has recorded the highest share of Foreign Direct Investment (FDI) across the continent, achieving 26.3 per cent of total projects with Kenya being among the region’s major [...]Kenya Airways sets aside KSh1.5Bn for staff rationalization program
Kenya Airways has set aside Sh1.5 billion for the staff rationalization program and the repayment of the 80 laid off staff will kick off this week as part of the exit procedure [...]CMA Reviews lifetime disqualification action taken against former Directors of CMC Holdings
The Board of Kenya's Capital Markets Authority (CMA), has reviewed of the enforcement action taken against Peter Muthoka and Joseph Kivai, former directors of CMC Holdings Limited, in November 2015, and [...]
