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. [...]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 [...]
