Carbacid's Six Months Revenue Jumps to KSh450 Million on Increased Demand for Gas
Increased demand for carbon dioxide gas drove up Carbacid's six months revenue to KSh449.7 million, a 27% improvement from the KSh352.9 million revenue earned in the same period in 2019. [...]
NSE Shifts From Manually Processing Bond Orders with New System
The Nairobi Securities Exchange (NSE) has successfully integrated its bond trading system with the Refinitiv Fixed Income Callouts application, a flexible trading platform that is secure, transparent and allows for [...]BOC Kenya Board dithers as clock ticks on Carbacid Deal
BOC Kenya Board has failed to issue an opinion on whether or not to accept the Carbacid takeover bid. This is even after Dyer and Blair Investment Bank, hired by [...]
WPP Scangroup Shares Touch Record Low After Suspension of Founder CEO Bharat Thakrar
Shares of WPP Scangroup on Friday's session fell to a new record low of Ksh 5.36 at the Nairobi Securities Exchange after the company's board kicked out Founder Chief [...]
WPP Scangroup Board suspends CEO Bharat Thakrar
WPP Scangroup board has kicked out WPP-Scangroup Chief Executive Officer Bharat Thakrar and the Chief Finance Officer Satyabrata Das. The Board of Directors said this measure allows investigations into allegations [...]Longhorn Publishers Post KSh145 Million Half-Year Loss
The listed publishing firm, Longhorn Publishers has posted a KSh145.33 million net loss in the half-year period that ended on December 31, 2020, down from KSh68.97 million net profit in [...]IFC Appoints Makhtar Diop as Managing Director and Executive Vice President
The IFC (International Finance Corporation), an arm of the World Bank Group that advances economic development and improves people's lives by encouraging the growth of the private sector in developing [...]Market Report; 18 February, 2021
At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 12,417,200 shares in 870 deals, corresponding to a market value of KES 411,920,133.00, were [...]
BAT's 2020 Net Profit Climb 42% to KSh 5.5 Billion
The cigarette manufacturer BAT Kenya has posted a 42% jump in net profit for the year ended December 30, 2020. The company's net profit hit KSh5.518 Billion at the end [...]Limuru Tea Plc issues profit warning
Limuru Tea Plc has issued an alert to shareholders that the Company's performance is expected to record a decline in net profits for the financial year ended 31st December 2020 [...]Market Report; 17 February 2021
At the end of today's trading session on the Nairobi Securities Exchange (NSE) A total of 15,966,600 shares in 965 deals, corresponding to a market value of KES 727,954,914.00, were [...]Can the Gamestop Situation Happen in Kenya?
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer and has one of the most widespread video game shops in the US. The company experienced a [...]
