South Africa's Liberty Holdings to Acquire an Additional 16% Ownership in Liberty Kenya
South African based Liberty Holdings, and the largest shareholder in Liberty Kenya, plans to increase its ownership in Liberty Kenya from 57% to 73% by acquiring 49.5 million ordinary shares [...]
Base Titanium on Brink of Closure as Mine Fields Near Depletion
Mining company, Base Titanium, is facing possible closure of its activities in Kwale and is looking for options to extend the mine life while it hopes for expansion to other [...]
Sanlam Kenya issues a Profit Warning as Pandemic hits its Returns
Sanlam Kenya, formerly Pan Africa Insurance Holdings, whose parent is Sanlam Group( South Africa), has noticed that its net profit for 2020 will drop by more than 25% compared to [...]
Kenya Power to Install Charging Points for Electric Cars Countrywide
Electricity distributor, Kenya Power, has announced plans to install charging points for electric cars along major highways, parking lots and malls, countrywide. The move seeks to bringnew revenue streamsand boost [...]NSE Derivatives Market Data goes live
The Nairobi Securities Exchange (NSE)tech sophistication has gone a notch higher. This follows the introduction of real-time Derivatives Market data on the Elektron Real-Time platform offered by Refinitiv. Elektron Real [...]Carbacid Offer to acquire BOC Kenya shares Opens
The consortium of Carbacid Investments PLC (Carbacid) and Aksaya Investments LLP (Aksaya), have opened a 30-day offer period to acquire shares in listed BOC Kenya Plc (BOCK) for Ksh 1.2 [...]Kengen's Half-year Net Profit Dips by 38% to KSh5 Billion
The energy-generating company, Kengen's net profit for the half-year period that ended on December 31 2020 dropped to KSh5 billion, from KSh8.17 billion in December 2019, a 38% drop. The [...]Unga Group Plc Half-year Earnings drop 44.8% to KSh 83.5 Million
Unga Group, a listed miller, has posted a decline in its half-year earnings to KSh 83, 476,000 for the six months ending 31st December 2020. These earnings are compared to [...]Portland Cement Posts KSh1 Billion Half-Year Net Loss
Listed cement manufacture, East African Portland Cement Plc, has posted a KSh1.035 billion net loss for the half-year period that ended on December 31, 2020, after a challenging period that [...]Nation Media Group Shares Rally on Share Buyback Announcement
The board of directors of Nation Media Group (NMG) has made a rare announcement about a proposal to buy back up to 10% of its ordinary shares. The announcement is [...]NSE turnover drops 44% to KSh 601.1 Million
Nairobi Securities Exchange(NSE) recorded a 44% decline in turnover to KSh 601, 081, 969.00 on a volume of 14.6 Million shares that were traded in 834 deals. NSE top price [...]Tavaziva Madzinga Joins the Board of Britam
Britam Holdings has announced the appointment of 43-year-old Tavaziva Madzinga to its board of directors. Tavaziva Madzinga is the new Group Managing Director at Britam, having replaced the long-serving MD [...]
