Citi Rates Airtel Stock as High Risk Despite Strong Q1 Earnings Growth
Airtel Africa’s revenue growth in Q1 2021 surpassed analysts’ expectations recording 13% yoy jump despite the challenges posed by the ongoing pandemic. The solid growth was mainly supported by strong [...]
Absa New Gold ETF Hits New High at NSE
Absa Gold ETF, has hit a new high at Kshs 1,980 on July 27, 2020. The Gold ETF was first listed at the Nairobi Securities Exchange in March 2017 where [...]
Citi Analysts Raise Safaricom Share Price Target
Safaricom plans to launch a device financing scheme to provide customers with 4G devices. This scheme is expected to drive up data consumption among its customers and consequently increase the [...]Diaspora Remittances Increase by 12% in June
CBK weekly bulletin for the week ending July 24 shows that the Kenya shilling weakened, diaspora remittances rebound in June, and the forex reserves declined. Remittances Rebound Remittance inflows recorded [...]East African Cables Posts KSh630.9 Million in Net Earnings
East African Cables Limited published its financial results, realizing KSh630.9 million in net earnings for the period ended 31st December 2019. This is compared to a net loss of KSh568.4 [...]
Unilever to Set up Separate Entity to Manage its Tea Business
Unilever has announced plans to create a separate entity to manage its tea brands and tea estates. The firm says the decision was reached after a strategic review of the [...]Global Markets Weekly Report
Wallstreet Major stocks on Wallstreet fell at close on Friday driven by escalating geopolitical tensions amid worries that postponed reopenings and renewed shutdowns induced by the pandemic will drag recovery [...]
UK-based Diageo Plc consolidates its shareholding in EABL
London-based Diageo Plc, a multinational alcoholic beverages company listed on the London and New York Stock Exchanges, has moved to consolidate its shareholding in East African Breweries Limited (EABL). In [...]Serena Hotel Chain Reports KSh 640.9 Million Half-Year Net Loss
Listed hospitality firm TPS Eastern Africa and operator of Serena Hotels has registered a Net loss of KSh 640.9 Million for the half-year period ended 30th June 2020. Serena is [...]CBK Accepts Treasury Bills Worth KSh 35.8 Billion
This month, the Central Bank of Kenya(CBK) received bids worth KSh 35.9 Billion from the 91 days, 182 days, and 364 days Treasury Bills, representing a subscription rate of 149.6%. [...]Vodacom's 1st Quarter Revenues up 7.6%
South African mobile operator Vodacom Group Limited has reported a 7.6% rise in Q1 revenue for the period ended 30th, June 2020. Group Revenues rose from US$1,045.98 Million in Q1, [...]Wallstreet Closes Higher, Tesla Microsoft Earnings
Wallstreet closed higher on Wednesday's trading session amid rising tensions between the US and China as well as concerns of a second wave of the coronavirus outbreak. On Wednesday, the [...]
