Technology helps boost KCB's FY-2015 pretax profit by 12% to Ksh 26.5 Billion
Kenya Commercial Bank (KCB Group), the country's biggest bank by assets, on Wednesday released its Full Year 2015 Results posting a 16% rise in Profit after Tax of Ksh 19.6 Billion [...]
Market Report; NSE 20 Share Index Up,Barclays Kenya Falls
Daily Market Report 1st March 2016 The market began the new month on a positive with the benchmark NSE 20 Share Index gaining by 0.56% led by Carbacid and Sasini which [...]Kenya's inflation Rate falls to a 4-Month low
Kenya's year-on-year inflation rate slowed to 6.84 percent in February, the statistics office said on Monday, prompting at least one analyst to say the central bank could start easing rates [...]ICEA Lion Asset Management appoints New CEO
ICEA Lion Asset Management has appointed Einstein Kihanda to the position of chief executive officer. Until the appointment, Mr Kihanda held the position of chief investment officer with the same [...]February 2016 Market Report-NSE Investors Wealth Up By KES 45 Billion
Kenya Equity Market Dear Investor, It is that time of the month when we do a post-mortem of the markets. The markets are full of surprises as always!! We begin [...]E.A. Portland Cement Half Year Loss
Results East African Portland Cement issued its Half Year results for the period ending December 2015. Revenues were up by 11.9% to stand at KES 4.620Bn compared to a similar [...]KenGen Profit before Tax rises by 121% to Ksh 8.38 Billion
NSE-listed electricity producer, KenGen Kenya has reported a half year profit before tax of Ksh 8.38 Billion compared to 3.79 Billion reported the previous period. Its profit after tax grew [...]Mumias Sugar widens H1 pretax loss by 9% to Ksh 2.26 Billion
Mumias Sugar has reported pretax loss of Ksh 2.26 Billion ($22.23 million) in the six months ending December. 31, up from a loss of 2.08 billion shillings posted in the same [...]Uchumi Supermarkets shuts down 5 Kenyan Outlets, 253 Jobs Lost
Uchumi Supermarkets Limited on Monday announced the termination of operations in five (5) outlets within Kenya as part of its reorganization process. The closure of these branches which include Taj Mall, [...]Atlas Begins Ground Clearing of Ethiopian project, production to start in 2019
NSE Kenya and London Exchange cross-listed Atlas Ltd says it has commenced ground clearing of its ‘Chancho Project’ in Ethiopia, a bottling plant located 45km north of the capital, Addis Ababa, which will [...]Safaricom to meet its Free Cash flow Target
(Reuters). Kenya's Safaricom will meet its upgraded guidance on free cash flow for its current financial year thanks to sustained growth in key revenue segments such as voice calls, its [...]Weekly Market Report; Equity Turnover Declined by 21.82%
We adapt the weekly review ending 18th Feb 2016 largely from the CBK Weekly Bulletin which we found insightful. Equities Market Equities market registered 17 percent increase in shares traded [...]
