New faces join the CDSC Kenya Board of Directors
Mrs Aida Kimemia-Nesbitt is the new Board Chairperson of Central Depository and Settlement Corporation (CDSC), with effect from April 1st, 2021. CDSC provides automated clearing, delivery, and settlement facilities regarding [...]
Greatest marathoner Eliud Kipchoge launches NFT
The Non-Fungible Tokens (NFTs) fever has reached Kenya with Eliud Kipchoge, regarded as the greatest marathon runner of all time, announcing the launch of his first NFT. Kipchoge's NFT collection [...]
Total Kenya's Profit Soars 30% to KSh 3.3 Billion
Total Kenya's net profit for the year 2020 rose by 30% to KSh3.3 billion from KSh2.5 billion in 2019, despite a turbulent year. The company's revenue from the sale of [...]
CMA places huge fines on Real People Kenya Limited Directors
The Capital Markets Authority (CMA) has taken enforcement action against former and current directors of Real People Kenya Limited (RPKL) as well Real People Investment HoldingsLimited (RPIHL) of South Africa [...]KPLC Power Purchase Agreements to be Reviewed
Kenya Power and Lighting Company (KPLC) will have all its Power Purchase Agreements (PPAs) reviewed by a team appointed by President Uhuru Kenyatta. The 19 member task force will look [...]Fitch Affirms Kenya Rating at B+'; Outlook Negative
Fitch Ratings has affirmed Kenya Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at B+' with a Negative Outlook. According to the rating agency, this reflects Kenya's strong economic growth, macroeconomic [...]Kenyan Bourse Hikes Dividend After Net Profit Doubles to KSh168 Million
The Nairobi Securities Exchange has reported a 109% increase in net profit for the year that ended in December 2020. Its profit after tax increased to KSh167.9 million at the [...]CIC Insurance Posts KSh297 Million Loss in 2020
CIC Insurance Group, one of the largest insurers in East Africa, has reported a net loss of KSh297 million for the full-year period that ended on 31st December 2020, a [...]Bharat Thakrar Resigns From WPP Scan Group on Allegations of Gross Misconduct
Bharat Thakrar has stepped down from the role of CEO at WPP Scan Group, a company he founded nearly four decades ago, after he was suspended from the position in [...]Centum Issues Profit Warning After Record Half-Year Loss
Centum Investments, one of the largest investment companies in East Africa, has warned investors that its full-year net profit for the year that ends on 31st March 2021 is expected [...]Uganda's Umeme Limited Warns of up to 60% Net Profit Decline for FY 2020
Umeme Limited has issued a profit warning to shareholders, cautioning that it expects a net profit decline of up to 60% for the year ending 31 December 2020, compared to [...]
Somaliland’s Somtel Announces IPO, Priced at $100 Per Share
Somaliland's Telecom and technology service provider, Somtel, has announced an Initial Public Offering (IPO) to investors, with interested parties able to purchase a minimum of 20 shares for$100 apiece. Additionally, [...]
