CFC Stanbic Q3 Profits Plunge by 33.6%
Kenya's CFC Stanbic has reported a 33.6% decline in Q3 profits after tax attributed to decline in non-interest income. The lender has recorded Ksh 2.7 Billion Q3 Profit After Tax against last year's [...]
National Bank reports a 120% Rise In Q3 Profits,Declares NO Dividend
-9 months ended Sept. 30, 2015 group total interest income of 9.75 billion shillings versus 7.63 billion shillings year ago -9 month group net interest income of 5.70 billion shillings [...]NMG Analysis; John Kibunga Kimani Now the largest Individual shareholder
Nation Media Group is a Kenya-based media house in East and Central Africa with operations in print, broadcast and digital media. News NMG’s new printing press, to be commissioned early [...]Stanlib's I-Reit Under-subscribed
The results many investors are awaiting for is out finally. As expected, the Stanlib Ireit was undersubscribed by a very huge margin. Kenya’s first Real Estate Investment Trust(Fahari-Ireit) which was issued [...]Rwanda Stock Exchange set to meet 2015 target as year winds
With barely two months to the year’s end, the Rwanda Stock Exchange (RSE) are upbeat they are likely to meet this year’s targets. They base the projection on the fact [...]NIC Bank profits rise by 9.1% to Ksh 3.6 Billion
-Kenya's NIC Bank reported a 9.1 percent increase in profit after tax to Sh3.6 Billion for the nine months ended September 30, 2015 compared to Sh3.3 Billion posted during the [...]Nigeria's Central bank Cuts Rates for the first time in 6 years
Reuters Nigeria’s central bank surprisingly cut the benchmark interest rate to 11 per cent from 13 per cent on Tuesday, its first reduction in the cost of borrowing in more [...]Competition Authority okays Stanlib To Buy Greenspan Mall for Ksh 2 BN from I-Reit funds
Kenya's Competition Authority has approved Stanlib Kenya to acquire the Greenspan Mall in Donholm with the proceeds raised from the recently issued I-reit at the Nairobi Securities Exchange.Mr Wang’ombe Kariuki,the [...]NSE Listed EAAGADS Half-Year Profits Drop by 20.1%
-Kenya's listed Agricultural firm,Eaagads has reported a 6-months ended Sept 30, 2015 profit after tax of Ksh 9.5 Million shillings against 12.5 Million shillings reported year ago. In a statement, the firm said [...]CBK's 91,182,364 T-Bills Yield on 5-year Bond all sink at auction
The weighted average yield on Kenya's 182-day and 364-day Treasury bills slipped at auction on Wednesday, the central bank said. The yield on the 182-day bill slid to 10.092 percent [...]Imperial Bank Shareholders accuse CBK of Delaying Reopening
Imperial Bank Top Shareholders have released a press statement accusing CBK and Kenya Deposit Insurance Corporation of failing to follow up the proposed restructuring plan hence delaying the reopening of IBL Brand. [...]Kenya's Standard Charted Bank Q3 Profits Crash by Ksh 2.24 Billion
Standard Chartered Q3 2015 Results Financials Standard Chartered Bank of Kenya announced its Q3 results. Net Interest income was up by 1.14% to KES 13.448 Billion. Total Non-Interest Income was down [...]
