Al Jazeera's Africa Investigates' probes BAT in Kenya scandal
• Kenya was the first African nation to ratify WHO’s plan to curb smoking • But Kenya is reliant on $1 billion in taxes on BAT • Allegations that Big [...]
Mobile money use hits a record KES 2.3 trillion in 2015
Nairobi Kenyans transacted 23 billion U.S. dollars (KES 2.3 trillion) on mobile money in the period leading to October, a rise of 4 billion dollars from a similar period [...]Kenya's 2015 Financial Market Report
Stock Market It has been a tough year at the bourse in 2015 amidst a tough operating environment. We have tried demonstrating this using the various indices below. NSE All [...]Pan Africa Insurance Profit Warning
Pan Africa Insurance has issued a profit warning for the year ending 31 December 2015. They expect profits after tax to be 25% lower than the profits made in the [...]You Think CIC Insurance Stock is cheap at Ksh 6.25? Watch out
CIC Insurance Share Price definitely looks cheap at Ksh 6.35 bob but the P/E ratio of 14.7 gives it away. This is way above the industry average of 9/10. CIC [...]Dawood Rawat writes a touching letter to Britam Family,blames politicians
Dear Members of the BA Family I am sure you are all aware of why it has been necessary for me to remain quiet while preparing our defense against the [...]5 Factors to consider before registering with a bookmaker in Kenya
Known for its beautiful landscape and world-dominating athletes, Kenya has a thriving sports betting economy with dozens of bookmakers operating in the country. That makes it easy for Kenyan punters [...]
DEALS OF THE YEAR
Month Buyer Seller Investment Size Sector Type Jan NorFinance As Helios Investment Partners USD 248 Million Banking Secondary Buyout Old Mutual Plc Centum, Abraaj Group, AfricInvest Swedfund USD [...]Market Report 24/12/2015
The benchmark NSE-20 Share Index was up 36.97 points to close at 3,955.73 points. The All Share Index (NASI) was down 0.34 points to close at 142.51 points. Turnover was [...]Britam Issues a profit warning,Market value down by half in 2015
Britam Issues a profit warning. This makes it the 14th listed company in the Nairobi Securities Exchange to issue Profit Warnings. The Kenyan Insurance Industry has taken a big hit [...]ARM Cement to sell major stake to Foreign Investor
NSE Listed cement maker ARM Cement is in discussions with an international institutional investor over a Sh12.78 billion [$125 million] investment, it announced yesterday. The deal will be in form of preference shares [...]Market Report 23/12/2015
The benchmark NSE-20 Share Index was down 35.79 points to close at 3,918.75 points. The All Share Index (NASI) was down 1.92 points to close at 142.85 points. Turnover was [...]
