NSE Listed Companies with over 70% Foreign Ownership
As at March 2016 the following companies had over 70% foreign ownership: Total Kenya Foreign Shareholders 94.19%. Total Outre – Mer owns over 90% of Total Kenya Local Individual [...]
Kenya Airways signs first sub-lease of B777-300ER aircraft to Turkish Airlines
Kenya Airways says it has signed an agreement with Turkish Airlines for delivery of the first B777-300ER aircraft to be subleased to the European carrier. The B777-300ER has now been deregistered in Kenya [...]Genghis Capital Hits A Giant Bump, seeks strategic investor
It's undoubtable that closure of Chase Bank has had a significant impact on its subsidiaries and Investment Bank, Genghis Capital has been affected the most. The stockbroker has said that its looking for [...]Yields on all T-Bills Decline, MPC Meeting date set
Market Report 91-Day T-Bills The weighted average yield on Kenya's 91-day Treasury bills fell to 8.332 percent at auction on Thursday from 8.526 percent last week, the central bank said. [...]Daily Market Report May 5th
Turnover on the equity markets today stood at KES 418.867Mn. this was down 18% from Wednesday’s KES 511.418Mn. The number of shares traded stood at 21 million with a total [...]NIC Bank Q1 Profits Drop marginally
NIC Bank announced Q1 2016 results marking a marginal 0.3% decline in Profit After Tax mainly weighed down by a jump in loan loss provisions which stood at stood at KES [...]Barclays Sells 12.2% Stake in African Business for $882 Million
Barclays Bank Plc has sold 103,592,49 ordinary shares in the capital of Barclays Africa (representing 12.2% of Barclays Africa‟s issued share capital) for 13.05 billion South African rand, or about [...]Kenya sets 2016/17 budget deficit at 9.3% of GDP, but likely to fall
By Duncan Miriri NAIROBI, May 4 (Reuters) Kenya will set a budget deficit equivalent to 9.3 percent of its gross domestic product for the fiscal year starting in July, [...]TransCentury Reports Ksh 2 Billion Loss
TransCentury Limited announced FY15 results, with loss per share improving 15.2%y/y, to KES 7.09. Poor performance reflected a much weaker 2H15, with its core subsidiary EA Cables, weighing down the [...]April Monthly Report
More money is made on Wall Street from salesmanship than from investment ability.' Warren Buffet Dear Market Participant, Another blissful month has dawned and we hope the same enthusiasm that [...]The Banking sector is stable Fund Managers Reassure the Market
Kenya's Fund Managers Association (FMA) has moved in to reassure investors that the outlook of Kenya’s capital market remains positive despite the recent happenings within Kenya’s banking sector. The fund managers play [...]Home Afrika says publication of FY Results to be delayed
Nairobi Securities Exchange Listed real estate developer Home Afrika has delayed the release of its 2015 results by one week after seeking approval from the Capital Markets Authority. The company was supposed [...]
