NSE Wobbles As Coronavirus Causes Investor Flight
The Nairobi bourse has been on a slide for the past three weeks running as effects on the coronavirus takes its toll on financial markets around the world. Data from [...]
Kenya Vulnerable to Financial Meltdown Moody’s
Kenya is among countries in Sub Sahara Africa that are prone to a financial meltdown, according to a report by Moody's. According to the rating agency, Kenya is on the [...]Kenol Kobil Proposed Merger with Gulf Energy Gets Approval
The Competition Authority of Kenya has approved the proposed acquisition of control of Gulf Energy Holdings Limited by KenoL Kobil PLC. A merged Kenol Kobil-Gulf Energy outfit will increase its [...]A slump in activity persists at NSE
The Nairobi Securities Exchange has witnessed a slump in market activity over the last two weeks. Available data indicates that turnover has been on a slide, from KSh 1 billion [...]Sanlam Kenya Pre-tax Profit Hits KSh 550 Million
Sanlam Kenya, a subsidiary of the South African financial services Group, has plugged holes on its property business, stopped the bleeding of its life insurance book and recouped expenses from [...]BAT profit drops to KSh3.9 billion
British American Tobacco (BAT) Kenya Limited has posted a drop in net profits from KSh4.1 billion in 2018 to KSh3.9 billion at the close of financial year ended 31st December, [...]Longhorn Revenue Up 4%, Net Profit Remains Flat
The book publisher and marketer, Longhorn posted a 4% increase in revenue to KSh725 million in the half year period that ended on 31st December 2019. Despite the jump in [...]
AIB Capital Apex Africa Capital Set to Merge
Stock brokerage firms, AIB Capital and Apex Africa Capital have just revealed that they are in the process of merging their businesses. The two companies have signed a binding agreement [...]Kenya Shilling Strengthens Against the Dollar
The Central Bank of Kenya (CBK) quoted the Kenya Shilling at an indicative mean rate of KSh 100.62 against the US dollar when markets opened this morning. This is a [...]Car Sales Push Toyota’s Profit Up by 90%
The profits of Toyota in Africa have hit a record 89.8% increase, translating to about KSh10.3 billion, for the period ended in December 2019, up from KSh5.4 billion in 2018. [...]
Kenyan Court Rules Against Kenicoin cryptocurrency
The High Court has given a green light to Capital Markets Authority (CMA) to proceed with its investigations and inquiry into the operations of Kenicoin cryptocurrency. The Authority in 2019 [...]Barclays Officially Starts Trading as Absa
Barclays Bank of Kenya has now legally and officially begun trading as Absa Bank Kenya PLC. The change will also see the lender's stock trade as Absa at the Nairobi [...]
