Samsung, Huawei Take Massive hit from COVID-19
Sales of Samsung and Huawei smartphones suffered the heaviest declines in the first quarter of this year as the devastating impact of COVID-19 hit consumption and production of global smart [...]
Nairobi Residential Real Estate Covid-19 update
The WHO characterized Covid-19 as a pandemic on March 11th, becoming the first pandemic to be caused by a coronavirus. The Kenyan Ministry of Health confirmed the first case in [...]
High Court Permits WPP-Scangroup to Hold an EGM
The High Court of Kenya has permitted WPP-Scangroup to hold an extraordinary general meeting at a time when most companies are shunning their annual general meetings (AGM) due to government [...]
Flame Tree posts Net Earnings of KSh 44.9 Million
Kenyan listed manufacturing group Flame Tree Group Holdings recorded a profit of KSh 44.94 Million at the close of the financial year ended 31st December 2019. This is compared to [...]Nation Media Group Slashes Employees' Salaries by Up to 35%
The Nation Media Group (NMG), considered the largest media firm in the region, has announced plans to slash salaries for its employees, a move that seeks to cushion the media [...]
CBK cuts policy rate further to 7%, the lowest Since 2011
The Central Bank of Kenya's top think tank, the Monetary Policy Committee has lowered the policy rate once again to 7 per cent, in a space of a month, the [...]Daily Markets Brief; Global Earnings Season Kicks Off
As the earnings season gets underway, market participants across the globe have begun to make a sense of how bad the pandemic will hit global corporates. Here are are the [...]Podcast; Interview with Safaricom CEO Peter Ndegwa CFO Sateesh Kamath
As Safaricom released its FY020 financial results, we had a chance to hold an online meeting with CEO Peter Ndegwa and CFO Sateesh Kamath. Our discussion focused on Safaricom's strategic [...]
Safaricom Net Earnings Rise 19.5% to KSh 74.7 Billion
Mobile phone operator Safaricom Limited has registered a 19.5 per cent to KSh 74.7 Billion for the financial year ended 31st March, 2020. This is compared to KSh 62.5 Billion [...]Live Updates; Safaricom Full Year 2019/2020 Financial Results
Safaricom will be releasing its full-year financial results this morning for the period ending 31 March 2020. A key highlight will be the growth in revenues and growth in the [...]
Podcast; WTI Crude Futures Crash Could Reoccur in June Contracts
This week in our global markets podcast, we turn our focus on last Monday's WTI crude futures crash. As always, we join our esteemed analysts Gaurav Kashyap in Dubai and [...]Foreign investors take out KSh 11.7 billion from NSE in Q1 2020
Nairobi Securities Exchange activity declined in the first quarter of this year with prices of shares traded falling across all counters. According to a statistical quaterly report by the Capital [...]
