Olympia Capital Holdings turns to Profitability; FY16 Results
Olympia Capital Holdings Limited is a Kenya-based investment holding company. The Company's main investments are in companies dealing in the manufacture and sale of products used in construction industry, such [...]
Mumias Sugar stops operations due to lack of enough cane
NSE Listed Sugar miller Mumias has temporarily stopped operations due to lack of enough cane from its suppliers. The chairman Dan Ameyo on Tuesday said that most farmers it had signed to supply cane [...]NSE 20 approaches 3500 Mark, Barclays Kenya Stock hits 7 year low
Daily Market Report 28th June 2016 On Tuesday's trading, 15 Million shares valued at Kes.298 Million exchanged hands at the Nairobi Securities compared to the previous day's 16Million shares that [...]NSE 20 Share Index Falls to a 49-Month Low
Kenya Daily Stock Market Commentary- 28 June 2016 All the Nairobi Securities Exchange indices pointed south with NSE 20 Share Index dipping 1.19% to close at a new 4 Year [...]Kenya Govt lowers real estate tax by 10% to address housing deficit
The Kenyan government has lowered corporate tax for real estate developers to 20 per cent down from 30 per cent, a move that seeks to address the shortage of housing [...]Global Rating Agency affirms ARM Cement rating of A Outlook Stable
Global Credit Ratings has affirmed the national scale ratings assigned to ARM Cement Limited of A and A1 in the long term and short term respectively; with the outlook accorded [...]Former CBK Governor Prof Ndungu blames collapse of Banks on new regime
Kenya’s former Central Bank Governor Dr Njuguna Ndungu has blamed the collapse of three banks in quick succession on the new administration. Njuguna Ndung’u, who left office last year, said he [...]Advice for New Investors to the Stock Market
Investing in the stock market sounds extremely appealing but a lot of new investors are put off by the jargon that goes with the territory. Investing in stock if done [...]Kenya's Central Bank on alert to avoid volatility
The Central bank of Kenya says its on an alert to avoid volatility in the money forex markets.The regulator through a press release said its maintaining a close vigil on [...]Kenya Ethiopia sign oil pipeline deal after Uganda Upset
Kenya and Ethiopia aim to finalise plans by the end of 2016 for a refined oil products pipeline to be built from Kenya's north coast to the Ethiopian capital, the [...]CBK Auction Results; Yields On T-Bills Decline Further
182-Day 364 Day T-Bills-Wednesday 22 June 2016 The weighted average yield on Kenya's 182-day Treasury bill slipped to 9.239 percent at auction on Wednesday compared to 9.545 percent last [...]Fusion's D-REIT Goes Public
On Thursday, Fusion Capital opened the sale of its development real estate investment trust, commonly referred to as D-Reit, to the public at a price of KES 23 per unit for [...]
