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 [...]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 [...]
