SBM Bank Kenya Q1 2020 Net Profit Drops to KSh 63.6 Million
SBM Bank Kenya, a subsidiary of SBM Holdings Limited-based in Mauritius, saw its net earnings drop significantly in the first three months of this year to KSh 63.6 Million. This [...]
East Africa Deals Hit KSh38.5 Billion by April
IM Burbidge Capital discloses that there has been 31 deals across East Africa as of April 2020 with a total disclosed deal value of KSh38.5 billion ($360 million). An increasing [...]
WPP Scangroup Shareholders Approve Sale of Kantar Business
WPP Scangroup shareholders have voted to sell the firm’s business interests in Kantar across Africa.In a virtualvoting session held on Wednesday 27 May, 99.98% of shareholders voted for the sale [...]CBK Nets KSh101 Billion from Domestic Market in May
CBK weekly bulletin for the week ended Friday, 29 May reveals that the Central Bank collected KSh101.32 billion from the domestic market in May. The Treasury bills auction of 28 [...]NSE Turnover Declines 20% to KSh 392 Million
Market turnover at the Nairobi Securities Exchange(NSE) declined to KSh 392.9 Million when trading closed on Thursday. This is compared to KSh 490 Million on Wednesday. The move follows the [...]Debt Negotiations Delay Release of EA Cables Results
The Capital Markets Authority(CMA) has approved EA Cables' request to delay the release of their audited financial results for the year ended 31st December 2019. The delay has been occasioned [...]SBM Bank Withdraws EA Cables Liquidation Petition
EA Cables reports that it has reached a debt settlement and restructuring agreement with SBM Bank Kenya resulting in the withdrawal of the liquidation petition. The agreement involves a restructuring [...]Absa Bank Kenya Reports 13% Growth in Q1 2020 Normalised Profit after tax to Kshs 2.3 billion
Absa Bank Kenya has reported a normalized profit after tax of Ksh2.3 billion for the first three months of 2020, a 13 per cent growth driven by an 8% growth [...]Market Turnover at NSE Declines 17% to KSh 490.7 Million
Turnover at the Nairobi Securities Exchange(NSE) plunged 17% to KSh 490.7 Million when trading closed on Wednesday. Flame Tree Group Holdings led the gainers with 9.38% share price appreciation closing [...]Central Bank of Kenya Retains Key Policy Rate at 7%
The Monetary Policy Committee(MPC), the top think tank of the Central Bank of Kenya(CBK) retained the Central Bank Rate at 7% during the meeting held on Wednesday. The policy [...]Kenya Airways 2019 Losses Hit KSh12.99 Billion
Kenya Airways revenues in 2019 increased by 12.4 percent to KSh128.32 billion from KSh114.19 billion in 2018. KQ’s chairman Michael Joseph attributes the growth to the improved passenger, cargo, ancillaries, [...]Equity Group Withdraws KSh. 9.5 Billion Dividend Payout
Equity Group Holdings has resolved to withdraw Ksh9.5 billion dividend payment for the year ended 31 December 2019. The withdrawal of the dividend payout follows the Board’s assessment of risk, [...]
