NSE 20 Share Index Crosses 4000 Benchmark Point
Daily Market Report On March 24th 2016 The Nairobi Securities Exchange 20 Share index on Thursday gained by 0.24% to close above the 4,000 benchmark point to hit 4001.36 points [...]
Nairobi Securities Net Profit dips by 4.5%, recommends Bonus Issue
The Nairobi Securities Exchange has reported a 4.5% drop in Profit After Tax of Ksh 305.6 Million versus Ksh 320 Million posted a year earlier as result of the reduced income [...]TransCentury Reaches settlement with Bondholders
Transcentury Group has reached an agreement with its majority convertible bond holders to reduce its debt from USD 80 Million to USD 40 Million,two days before the maturity date. TransCentury [...]Supplier moves to court, wants Uchumi winded up
A supplier by the name Ceccagnoli Italiano Limited has gone to court and wants Uchumi Supermarkets winded up and its assests sold so as to recover the amount Uchumi owes [...]Junior Investment Manager at PineBridge Investments
PineBridge Investments East Africa Ltd is a leading and respected investment management company with offices in Nairobi and Kampala. The company is looking to hire a skilled, highly motivated, ambitious [...]Nation Media Group Net Profit Falls By 9.7% to Ksh 2.2 Billion
Nation Media Group is a Kenya-based media house in East and Central Africa with operations in print, broadcast and digital media. Nation Media After tax profit for the full year [...]East African energy engineers launch an association
Energy engineers in East Africa on Tuesday launched an association to ensure highest standards of professionalism and efficiency in energy management within the region. The Association of Energy Professionals Eastern Africa [...]Fly Qatar Airways, Pay with M-PESA
Fly Qatar Airways, Lipa na Mpesa Qatar Airways, the national airline of the State of Qatar, has announced a strategic partnership with Vodacom, one of the world’s leading mobile money [...]Atlas signs MOU with Ethiopian Brewery to Supply Glass Bottles
NSE-LSE cross listed firm, Atlas has announced that it has secured a memorandum of understanding (‘MOU’) with a leading Ethiopian brewer, Raya Brewery Share Company for the supply of glass bottles [...]KCB Rwanda pretax Profits Up by 165%
KCB Bank Rwanda has reported a profit before tax increase by 165% in Full Year 2015 to Frw 3.2 Billion compared with Frw 857 Million reported in year 2014. This marks [...]CBK retains CBR at 11.5% For the Sixth Time In a Row
Kenya's Central bank held its benchmark lending rate at 11.50% on Monday for the sixth Time in a row since 7th July 2015 saying that the Current monetary policy now in place [...]Umeme Gross profit Up by 31.3%
Uganda's NSE-USE Cross Listed Electricity Distribution Company,Umeme Limited has released its Full Year 2015 Results posting a 31% Growth In Gross Profit. Highlights Revenue increased 18.8% to Ushs 1.2 trillion [...]
