Yields on all T-Bills Decline, MPC Meeting date set
Market Report 91-Day T-Bills The weighted average yield on Kenya's 91-day Treasury bills fell to 8.332 percent at auction on Thursday from 8.526 percent last week, the central bank said. [...]
Daily Market Report May 5th
Turnover on the equity markets today stood at KES 418.867Mn. this was down 18% from Wednesday’s KES 511.418Mn. The number of shares traded stood at 21 million with a total [...]NIC Bank Q1 Profits Drop marginally
NIC Bank announced Q1 2016 results marking a marginal 0.3% decline in Profit After Tax mainly weighed down by a jump in loan loss provisions which stood at stood at KES [...]Barclays Sells 12.2% Stake in African Business for $882 Million
Barclays Bank Plc has sold 103,592,49 ordinary shares in the capital of Barclays Africa (representing 12.2% of Barclays Africa‟s issued share capital) for 13.05 billion South African rand, or about [...]Kenya sets 2016/17 budget deficit at 9.3% of GDP, but likely to fall
By Duncan Miriri NAIROBI, May 4 (Reuters) Kenya will set a budget deficit equivalent to 9.3 percent of its gross domestic product for the fiscal year starting in July, [...]TransCentury Reports Ksh 2 Billion Loss
TransCentury Limited announced FY15 results, with loss per share improving 15.2%y/y, to KES 7.09. Poor performance reflected a much weaker 2H15, with its core subsidiary EA Cables, weighing down the [...]April Monthly Report
More money is made on Wall Street from salesmanship than from investment ability.' Warren Buffet Dear Market Participant, Another blissful month has dawned and we hope the same enthusiasm that [...]The Banking sector is stable Fund Managers Reassure the Market
Kenya's Fund Managers Association (FMA) has moved in to reassure investors that the outlook of Kenya’s capital market remains positive despite the recent happenings within Kenya’s banking sector. The fund managers play [...]Home Afrika says publication of FY Results to be delayed
Nairobi Securities Exchange Listed real estate developer Home Afrika has delayed the release of its 2015 results by one week after seeking approval from the Capital Markets Authority. The company was supposed [...]Kenya's Economy grew by 5.6% in 2015
Kenya's Gross Domestic Product (GDP) grew by 5.6 per cent in 2015 compared to 5.3 per cent growth in 2014, Kenya National Bureau of Statistics has said. This expansion was driven [...]Kenya's April Inflation drops to a 34 Month Low
Kenya's April inflation has dropped to a 34 Month low of 5.27% down from 6.45% recorded a month earlier representing the lowest point since June 2013 when it touched 4.91%. This is the fifth month in a [...]ARM Cement FY15 Loss and the Deleveraging Exercise
ARM Cement, formerly Athi River Mining Ltd., is a Kenya-based cement manufacturer company. It also manufactures sodium silicate, lime, industrial minerals, formulated fertilizers and special building products in east and [...]
