Crown Paints opens second Sh 400M Kisumu Factory
Nairobi Securities Exchange Listed Paint Maker, Crown Paints Ltd has opened its second factory in Kisumu at a cost of Kshs 400 Million. The factory is able to produce 1.2 [...]
Investment Banking Jobs at Equity Investment Bank
Equity Investment Bank Limited (“EIB”) is a fully owned subsidiary of Equity Group Holdings Limited. EIB was launched in 2009 to support the ever growing advisory and funding needs of [...]Japan loans Kenya Ksh 41 Billion towards KenGen's Olkaria V Project
Kenya and Japan on Wednesday signed a Ksh 41 billion ($408 million) loan agreement to go towards building a 140 megawatt (MW) geothermal power plant that is expected to be operational within [...]Equity Bank Posts a 0.6% Increase in Profit After Tax to KES 17.3 Billion
Kenya's Equity Bank Group has posted a 0.6% increase in full-year 2015 Profit After Tax of KES 17.3 Billion from 2014's KES 17.2 Billion. Highlights Pretax profit rose to KES 24 Billion shillings [...]Market Report; Safaricom KenGen on the Rise
The market began the week with 23.26Million shares trading with a turnover of KES 525.08Million against Friday's 16.94Million and a turnover of KES 283.40. The NSE 20 Share Index lost by 1.54% to [...]Uganda's Central Bank Sells 58.6% of Imperial Bank To Exim Bank for KES 691 Million
Uganda's Commercial Banks regulator, Bank of Uganda (BOU) has sold all the 58.6% shares of Imperial Bank Uganda Limited to Tanzania's Exim Bank (Uganda) Limited for Ksh 691 Million (US$6.788 million) in [...]January Diaspora Remittances up by 19.9% to a record 13.8 Billion
Kenya's Central Bank has said the country's January diaspora Remittances have increased by 19.9% to Ksh 13.7 Billion (USD 137.5 million) compared to Ksh 11.6 Billion(USD 114.6 million) recorded in January 2015.This [...]Barclays Kenya's FY 2015 pretax profit falls
Reuters Barclays Bank of Kenya's pretax profit fell 2 percent last year to 12.07 billion shillings ($119.1 million) due to increased bad debt provisions, higher costs and interest rate volatility, [...]NIC Bank profit after tax up by 9% to KES 4.5Billion
Kenya's NIC Bank has posted a 9.0% increase in Full Year 2015 profit after tax to KES 4.5 Billion from KES 4.1 Billion Posted the previous year. The bank announced a final dividend [...]CFC Stanbic FY 2015 Profits After Tax Decline by 13.7%
CFC Stanbic Holdings,a listed integrated financial services group released their Full Year 2015 results, recording a 13.7% decrease in profit after tax to Ksh 4.9Billion. Key highlights: Its Full Year [...]Uchumi Widens Pretax Loss by 278.8% To Ksh 1 Billion as Sales Fall
Uchumi Supermarkets posted a pre-tax loss of Kshs 1 Billion in the half-year ended December, 2015, widening its loss of Sh262.3 Million reported in 2014 by around 279%. Net sales declined by 37.5% to [...]NSE 20 Share Nears 4000 Mark as Uchumi touches an all time Low
Daily Market Report-2nd March 2016 NSE 20 Share Index gained 1.26% to close at 3932.86 points boosted by a gain in Scangroup and ARM whose counters rallied 5.66% and 5.34% [...]
