Is Gold Now Replaying 2010-2012?
The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market. Many ancient cultures saw history as [...]
Profit Warnings 2021
Last Updated; 9th March 2021 Company Sector 1 Absa Bank Plc Banking 2 Kenya Power Energy 3 Britam Holdings Insurance 4 NCBA Banking 5 UNGA Group Commercial and Services 6 [...]
Homeboyz Entertainment Issues Profit Warning as Covid19 Restrictions Affect its Business
Homeboyz Entertainment Plc, an entertainment company in East Africa, says that its net profit for the year ending December 31st 2020 is expected to be considerably lower than the net [...]
Nation Media Group Stock Begins To Decline After Buyback Rally
Shares of Nation Media Group fell on Monday and on Tuesday's session after rallying by more than 57% last week driven by recent news that it will consider abuyback ofup [...]Oil Prices Rise on Expected Economic Recovery
Oil prices recorded a rise on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved a $1.9 trillion stimulus bill and a likely drawdown [...]
Kenya's Foreign Currency Reserves Drop to 3-Year Low
Kenya's foreign exchange reserves last week fell to one of the lowest levels in years, according to data from the Central Bank. The reserves decreased by $246 million in one [...]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 [...]
