Three Kenyan Banks among the Top 10 Fastest growing lenders in Africa
In 2015, many African Banks faced lots of challenges mainly due to tumbling commodity prices and volatile currency movements which contributed to weak performance of most of the continent’s big lenders in the 2016 [...]
Mumias Stock hits the Lowest price ever recorded by a listed firm!
Mumias Sugar Company touched a new all time low of KES 1.25 during Friday's trading to set a new record as the lowest price ever recorded by a listed company at [...]KEBS nominates Former NSE Chairman Eddy Njoroge for prestigious ISO presidency
Kenya National Bureau of Standards (Kebs) has nominated the immediate former Nairobi Securities Exchange Chairman Edward Njoroge as a candidate to the position of ISO President, a post that falls vacant next [...]Safaricom appoints Vodacom Tanzania's Kamath as new CFO
Safaricom has appointed Govinda Kamath as Chief Finance Officer effective 31 July 2016. He will replace John Tombleson. Govinda is currently the CFO of Vodacom Tanzania and seats on its Board. He also [...]Kenya’s Q1 2016 GDP at 5.9%
The Kenya National Bureau of Statistics (KNBS) during the week released Q1 2016 GDP numbers marking a 5.9% year on year growth in GDP compared to a 4.9% and 6.2% growth in [...]Kenya's Inflation rises for the first time in 2016
Kenya's overall June 2016 inflation rose to 5.80 percent from 5.00 percent a month earlier, the Kenya National Bureau of Statistics said on Thursday. CPI increased by 1.05 per cent [...]Treasury Bills Auction Results; A week of Under-subscription!
91 Day T-Bill Kenya's 91-day Treasury bills slipped to 7.045% at an auction on Thursday compared to the previous week's 7.059%. The bank offered bills worth a total KES 4 [...]Protest at TransCentury AGM over directors’ perks
Shareholders of infrastructure company Transcentury mounted a rare protest at its board of directors meeting Thursday, opposing an increase of directors’ emoluments in a year when the firm posted a Sh2.4 [...]Nation Media Group to scale down its radio TV business
Nairobi Securities Exchange listed Media house Nation Media Group on thursday announced it was closing down its radio business and consolidate its two kenyan based TV stations so as to focus [...]KenGen Rights Issue 92% subscribed
Nairobi Securities Exchange listed Power producer KenGen says it has raised Ksh 26.5 billion (92.01%) out of the Ksh 28.8 billion it had intended to raise in through a rights issue. The Kenya government [...]Nairobi Securities scales back its derivatives ambitions
By Duncan Miriri (Reuters) Kenya's Nairobi Securities Exchange will launch trading of derivatives by the end of 2016, after a series of delays, but plans to start with fewer instruments [...]Kenya Power Secures Ksh 50 Billion syndicated long term loan
Kenya Power and Lighting Company (KPLC) has received a Ksh 50 Billion US$500Mn syndicated long term loan facility arranged by Standard Chartered to help pay up its debt debt obligations. [...]
