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 [...]
Market Report; 16 February, 2021
At the end of today's trading session on the Nairobi Securities Exchange(NSE) A total of 15,382,300 shares in 1,021 deals, corresponding to a market value of KES 517,521,901.00, were traded. [...]Announcing Hisa App Public Beta Launch
Nairobi, 16th Feb 2021; We’re are excited to announce the public beta launch of Hisa App. Since December, we ran a successful private beta thanks to our early users for their [...]
IMF Kenya Agree on KSh 262.5 Billion Financing Package
The International Monetary Fund (IMF) and Kenya have agreed on a three-year, KSh262.5 billion ($2.4 billion) loan to assist Kenya in its response to the covid19 pandemic and to put [...]Prices Increase at Weekly Tea Auction
Theweekly MombasaTea Auction held on the 8th, 9th, and 10th February 2021 had 14 million kilograms of tea offered for sale. The amount on offer increased from 12.6 million kilograms [...]KenGen Secures Kes 709 Million Geothermal Contract In Djibouti
Kenya Electricity Generating Company (KenGen) Plc signed a Kes 709 million contract to drill three geothermal wells in Djibouti. On Thursday, the company signed a Kes709,822, 630 contract with the [...]
