CMA to Publicly Name Shame Crooked companies Traders from July
Via Daily Nation Kenya's Capital Markets Authority (CMA) will from July publicly name and shame rogue companies and individuals who breach listing rules. Authority chief executive officer Paul Muthaura said the [...]
91-Day T-bill yield slips, Stocks Flatter and Treasury's Mini-Budget.
91-Day T-Bill The average yield on Kenya's 91-day Treasury bills fell to 7.998% on Thursday's auction compared to the previous week's 8.189% . The Central bank received bids worth Ksh 7.29 [...]Govt Introduces new regulations in Regards to Shareholding of NSE
Kenya government through the National Treasury has introduced new restrictions in regards to shareholding of the Nairobi Securities Exchange by individuals/private companies, public companies and other trading participants. In a gazette notice, The Cabinet [...]IM Bank Shareholders approve Acquisition of Majority stake in Burbidge Capital
NSE Listed diversified financial services firm, IM Holdings on Wednesday held its Annual General Meeting and the shareholders approved the 65% acquisition of corporate finance advisory firm, Burbidge Capital in a transaction whose value is undisclosed. Related; Ex [...]Auction Results: Yields go one direction Down!
182 Day and 364 Day Treasury Bills The weighted average yield on the 364-day T-bill declined to 11.570% on Wednesday's auction compared to 11.689 percent from the previous week. [...]Cooperative Bank Kenya Posts a 9.8% rise in Q1 Pre-Tax Profit
Cooperative Bank Kenya has reported a 9.8% growth in Q1 2016 Profit Before Tax to Ksh 4.94 Billion compared to Ksh 4.50 Billion reported in Q1 2015. Highlights Profit After Tax [...]Williamson Tea Insights and FY 16 Estimates
Profile Williamson Tea Kenya Limited is a Kenya-based company engaged in the cultivation, manufacture and sale of tea; investment in property, and the sale and servicing of generators. The Company [...]Ex Barclays Bank Tanzania CEO appointed IM Bank Kenya CEO
Diversified financial services firm, IM Holdings, has announced the appointment of Mr. Kihara Maina to serve as the Chief Executive Officer of IM Bank Ltd., Kenya with immediate effect. A seasoned career [...]Longhorn Publishers Rights Issue; 101% subscription
Longhorn Publishers has raised Sh533 million from the sale of new rights with investment firm Centum having committed to take up its entitlement. Read; Centum to take up its rights in Longhorn Publishers [...]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 [...]
