EA Portland Cement boosts profit with property revaluation
NSE Listed cement manufacturer East African Portland Cement has today announced its financial results for the year ended 30th June 2015. The company reported profit before tax of Ksh 7.3 Billion, [...]
The Weekly Market Report
This edition of the weekly market report highlights all market events from Monday 7th to Friday 11th December 2015. Kenyan Market Performance This week the NSE 20 and NASI index [...]NSE Market Report 11/12/2015
NSE Market Report 11/12/2015 The benchmark NSE20 share index inched up by 8.81 points, to close at 3,995.09 points. The Nairobi All Share Index was up by 0.44 points to [...]Ex-AfDB president Kaberuka lands new job with billionaire-backed venture
FORMER African Development Bank president Donald Kaberuka joined TPG/Satya, a partnership between TPG Growth LLC and Satya Capital LLP, as a senior adviser, the company said. “Mr. Kaberuka will provide counsel [...]South African Markets in Turmoil
South African Markets The JSE Top-40 index ended 0.66 percent lower at 44,250 points and the broader All-share index declined 1.1 percent to 48,984. Trade was frantic as 615 million [...]Market Report 10/12/2015
NSE Market Report 10/12/2015 The benchmark NSE20 share index declined, losing 16.35 points, to close at 3,986.28 points. The Nairobi All Share Index dropped down by 1635 points to close [...]KCB CEO Joshua Oigara says he is worth Ksh 220M
KCB Group CEO Joshua Oigara has today publicly declared his wealth as part of the ongoing efforts by government to push for transparency in the private sector to tame [...]Cytonn settles Ksh 220 Million owed to PE Firm
In September,Cytonn Investments was in the market to raise Ksh 1.4 Billion from local and foreign investors through a private placement to fund its real estate projects. The debt instrument was part [...]Yield on CBK's 9-year infrastructure bond at 14.753%,T-Bills Rise at Auction
The weighted average yield on accepted bids for Kenya's 9-year infrastructure bond came in at 14.753 percent on Wednesday, the central bank said. The bank said it received bids worth [...]Ugandan Court orders Uchumi to pay supplier
A Ugandan Court has ordered Uchumi Supermarkets to pay more than UG Shs 1.2 Billion(Ksh 37MN) for recovery of unpaid supplies made to it between 2012 and 2015. Uganda's Registrar of the [...]Daily Market Report 9/12/2015
Nairobi NSE 20 and NASI index gained 7.75 points and 0.35 points respectively to close at 4,002.63 and 144.39. The volume of shares traded today was 17.42mn, valued at KES [...]BOC Kenya Issues a profit warning
NSE Listed firm, BOC Kenya has a issued a profit warning projecting that its Full Year 2015 Earnings will be at least 25% lower than last year's earnings. The management [...]
