Kenya's Central Bank to Buy Dollars From Commercial Banks
The Central Bank of Kenya announces that it will commence buying of US dollars in order to progressively increase its foreign exchange levels above normal levels. CBK says the move [...]
Stanbic’s Net Profit Rises to KSh 6.4 Billion
Stanbic Holdings Plc has posted an increase in net earnings to KSh 6.4 billion for the financial year ended 31st December 2019. It is a slight improvement from KSh6.3 billion [...]
Unga Group Plc Issues Profit Warning
Unga Group Plc has become the latest listed firm to sound an alarm that its full year earnings will drop by more than 25 percent. It joins more than 17 [...]KenGen's Half Year Earnings Double to KSh 8.1 Billion
Kenya Electricity Generating Company (KenGen) half-year earnings doubled to KSh 8.2 billion in the period that ended on 31st December 2019 compared to KSh4.1 billion posted in a similar period [...]Kenya Power Net Earnings Dip 92% to KSh 262 Million
State-owned electricity firm distributor Kenya Power (KPLC) net earnings took a nosedive to KSh 262 million for the financial year ended 30th June 2019. This is compared to KSh 3.3 [...]State Firms to Publish Financial Results After Long Delay
Government backed listed companies will now release their unaudited reports to the public after a prolonged delay. The delay was caused by the absence of the Auditor General, who needs [...]
Kenyan Investors Turn Their Attention to Global Markets
Kenyan Wallstreet team had a chat with Standard Investment Bank (SIB) Head of Global Markets Nahashon Mungai. Mr Mungai shared his insights into the global markets and the range of [...]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 [...]
