Kenya creates 17 new oil exploration blocks
Kenya has created an extra 17 new oil exploration blocks, bringing its total to 63 and aims to auction them in a licensing round in 2017, Kenyan newspapers quoted Ministry [...]
AFDB Says Ksh 5 Billion Credit Facility to Chase Bank is uninterrupted
African Development Bank has said that its Ksh 5 billion (USD 50 million) credit facility to Chase Bank is uninterrupted despite the recent crisis that hit the Kenyan lender, the Star Newspaper [...]War On T-Bills Continue as CBK Rejects Ksh 15.88 Billion!
CBK Weekly Auction Results 91-Day T-Bills The weighted average yield on Kenya's 91-day Treasury bills fell to 8.189% at auction on Thursday from last week's 8.332%, said CBK. The bank [...]Copy Cat Group Chewing Over NSE listing
The newly appointed CEO of Copy Cat Group has said that he will propose to the Company's board in an effort to convince them to consider listing at the Nairobi Securities Exchange [...]Ethiopian Revenue Authority Withdraws Ksh 240M from ATLAS Bank Accounts Over Tax Evasion Claims
Ethiopian Revenue and Customs Authority has summarily removed approximately Ksh 240 Million (US$2.4m) from Atlas and its Ethiopian subsidiary, TEAP Glass PLC bank account with the Development Bank of Ethiopia over [...]KQ Hits an All Time Low, Both KCB Equity close at Ksh 40.50!
Market Report NSE 20 index and NASI index gained 0.45% and 0.39% respectively to close at 3,934.43 and 146.21. Market turnover at the NSE declined by 36.1% to KES 622.3M. Foreign investors were net buyers by [...]Safaricom Profit Up 19% To KES 38B, Declares 30B Dividends Pay
Kenya's Largest Listed compoany, Safaricom Limited has posted a 19.6% increase in Net Income to Kshs 38.1 Billion for the Full Year Ending March 2016. The Growth was mainly supported by [...]Equity Bank's Q1 Net Profit Up 20%, says no further Acquisitions
Equity Bank Group has posted 19% rise in Quarter 2016 profit before tax to Ksh 7.3 billion compared to Q1 2015's Ksh6.1 Billion. On the other hand, Profit After Tax grew [...]KenGen Gets Approval to Raise Ksh 28.8 Billion via Rights Issue
KenGen has said that it has been given the green light by Capital Markets Authority (CMA) and Nairobi Securities Exchange (NSE) to raise Ksh 28.8 Billion through rights issue to the [...]NSE Listed Companies with over 70% Foreign Ownership
As at March 2016 the following companies had over 70% foreign ownership: Total Kenya Foreign Shareholders 94.19%. Total Outre – Mer owns over 90% of Total Kenya Local Individual [...]Kenya Airways signs first sub-lease of B777-300ER aircraft to Turkish Airlines
Kenya Airways says it has signed an agreement with Turkish Airlines for delivery of the first B777-300ER aircraft to be subleased to the European carrier. The B777-300ER has now been deregistered in Kenya [...]Genghis Capital Hits A Giant Bump, seeks strategic investor
It's undoubtable that closure of Chase Bank has had a significant impact on its subsidiaries and Investment Bank, Genghis Capital has been affected the most. The stockbroker has said that its looking for [...]
