WPP ScanGroup Delays Financial Results over Internal Investigations
WPP ScanGroup Plc Board of Directors has informed the firm's shareholders that it will delay the publication of audited accounts for the financial year ended 31st December 2020. These results [...]
CMA Approves Crown Paints Kenya KSh 711.8 Million Rights Issue
The Capital Markets Authority (CMA) has approved plans by listed paints manufacturer Crown Paints Kenya Plc raise KSh 711.810 Million through a rights issue. Shareholders of Crown paints will be [...]Russia's Largest Crypto Exchange Bitzlato Targets African Market by offering Low Fees
Eastern Europe's largest cryptocurrency exchange platform Bitzlatois looking to expand its presence in Africa as it targets the continent's young population who are tech-savvy and deeply interested in new technologies [...]
Safaricom Share Price declines 0.16%, Dampening NSE Activity
Safaricom Plc, the most capitalized at the Nairobi Securities Exchange(NSE), had its share price dip by 0.16%, bring down turnover at the bourse by 50% to KSh 249.4 Million. Figures [...]Three Listed firms to Delay Publishing their 2020 Audited Accounts
Three listed firms Home Afrika, East African Cables, Crown Paints, have announced that there will be a delay in publishing their audited financial results for the period ended 31st December [...]Dr Benson Wairegi to Leave Britam's Board on 28th May 2021
Dr Benson Wairegi is set to step down from the Board of Britam Holdings on 28th May this year, after serving in the company for more than four decades. The [...]
Safaricom's Bid for Ethiopian Telecom license excites Investors
Safaricom Plc disclosure that it had submitted a bid for a telecommunications license in Ethiopia pushed its share prices to new highs as trading ended at the Nairobi Securities Exchange(NSE) [...]NSE Daily Turnover rises 7% to KSh 543.5 Million
Nairobi Securities Exchange (NSE) Daily Turnover rose 7% to KSh 543.5 Million when trading ended at the bourse on April 29, 2021. This was on a total of 15,202,300 shares [...]Capital Markets Shrugs off Pandemic as Activity Ups in Bond Market
Kenya's Capital Markets Authority (CMA) says it has seen renewed interest in the corporate bond market despite threats posed by COVID-19. Recent actions by the regulator to take action against [...]Decline in Advertising Newspaper Sales Pushes NMG's Net Profit Down 94% to KSh 48 Million
Nation Media Group has reported a drastic fall in net profit for the year that ended on 31st December 2020. Its net profit dropped to KSh48 million from KSh856 million [...]Retail Investors Retreat From the NSE in Q1 2021
The Nairobi Securities Exchange (NSE) recorded a dip in the number of retail investors in the first quarter of this year, despite its best efforts to grow the list of [...]Safaricom Warns Investors to Exercise Caution as it Bids for Ethiopia Telco License
The leading telecommunications company in East Africa, Safaricom, has revealed its plan to make a formal bid for the Ethiopia Telco License. Safaricom is bidding for the highly coveted license [...]
