Sameer Reports 15% Drop in Revenues to KSh1.76 Billion
Sameer Africa revenues reduced by 15 percent in 2019 to Ksh1.76 billion from Ksh2.07 billion reported in 2018. The board blames the closure of several retail outlets in Kenya and [...]
South Africa Dominates List of Largest Companies in Africa
Prosus, is Africa's largest company by market capitalization by a big margin. Prosus, born out of the media conglomerate Naspers listing its international internet business, has a market cap of [...]
NSE Turnover Rises to KSh584 Million
Market turnover rose to KSh584 million at the end of trading on Tuesday. This is compared to Monday's KSh337 million and Friday last week's turnover of KSh1.6 billion when 37 [...]
Safaricom Ranked East Africa's Most Valuable Firm
Kenya's Telco giant, Safaricom with a market capitalization of $ 10 Billion, has climbed the rankings of Africa's top 250 companies this year from position 14 to 10 according to [...]Potential vaccine drives global markets higher
US markets on Monday closed on the green following reports that Moderna's early-stage trials of the COVID-19 vaccine had shown to be effective even as phase 3 trial is expected [...]IMF Money Boosts Kenya's Forex Reserves
Kenya's Forex reserves got a boost following receipt of Ksh78 billion ($739 million) from the IMF drawn under the Rapid Credit Facility (RCF). The funds are meant to help Kenya [...]Tullow Oil Issues Notice of Force Majeure to Kenya's Ministry of Petroleum
Africa Oil Corp announced that Tullow Oil had submitted notices offorce majeureto the petroleum ministry. The notices, according toa news releasefrom Africa Oil Corp, are as a result of the [...]Trading Activity at NSE Moves Up
Trading activity at the Nairobi Securities Exchange (NSE) on Friday moved up to 37 million shares with a market value of KSh 1.7 billion from 22 million shares with a [...]COVID-19 disruptions trigger EABL's profit warning
East African Breweries Limited has issued a profit warning owing to what it terms as disruptions to its business across the region by the global coronavirus disease. The brewer becomes [...]KQ May Lose Up to 76% of Travel Market by December
Kenya's national carrier, Kenya Airways (KQ), may lose up to 76% of its passenger market by December 2020, owing to the coronavirus pandemic. This statement was made during a webinar [...]Moody's Issues Negative Rating to Kenya's Top Three Banks
Moody's rating agency has altered its assessment of KCB, Equity and Co-operative, Kenya's three largest retail banks' long term deposit ratings to negative from stable. This action follows Moody's recent [...]Global Markets Major Headlines
According to the Wallstreet Journal, the New York Stock Exchange (NYSE) said on Thursday it will reopen its trading floor in Lower Manhattan with reduced staff on May 26, as [...]
