Kenya Power Postpones AGM After Delay in Results Publication
Kenya Power has issued a notice that it will delay the publications of its financial statements for the year ended 30th June 2019. As a result, the company has postponed [...]
HF Group Cuts Q3 Loss to KSh 84.6 Million
Mortgage lender Housing Finance Group has cut its net losses to KSh 84.6 Million in the third quarter of this financial year compared to a net loss of KSh 332 [...]
Bank Stocks Dominate Trading Activity at the NSE
Momentum created by Banks' third-quarter earnings led the banking stocks to dominate the NSE by volumes and values traded. When markets closed today, Equity Group Holdings Plc recorded the highest [...]Centum Half Year Net Profit up 226% to KSh6.8bn
Centum Investments Plc has posted KSh6.8bn in net profit in the first half of 2019/20 driven by private equity and investment businesses. The Group’s pretax profit increased to Ksh7.7 billion [...]
EA Portland Cement Delays Publication of Financial Results
East African Portland Cement (EAPC) will further delay the publishing of audited financial results for the year ended 30 June 2019 to next year. The company intended to publish the [...]Alibaba Debuts in Hong Kong Stock Exchange
Alibaba has listed on the Hong Kong Stock Exchange in one of the most anticipated stock offerings. Daniel Zhang, Alibaba's chairman expressed his gratefulness in Alibaba's return to Hong Kong. [...]Central Bank Cuts Key Rate For the first time in 17 Months
The Central Bank of Kenya(CBK) has lowered the Central Bank Rate (CBR) to 8.50 percent from 9 percent for the first time in 17 months. The MPC on 25 November [...]MPC Expected to Lower the Central Bank Rate
The Central Bank of Kenya's Monetary Policy Committee (MPC) meets today Monday 25 November. Interestingly, this will be the first meeting since repealing the law capping interest rate in a [...]IMF to renew Kenya’s US$ 1.5 Billion Loan Facility in early 2020
The International Monetary Fund (IMF) has confirmed that renewal of a $1.5 billion standby credit facility with Kenya will take place in early 2020. This disclosure was made at the [...]South African Conglomerate Standard Bank ups Stake in Kenyan Subsidiary
South African-based Standard Bank Group, considered the largest African banking group by assets with a market capitalization of approximately US$23 billion, has received a nod from Capital Markets Authority (CMA) [...]CBK Raises its Capital Levels, Remits Ksh 4 Bn Dividends to Govt
The Central Bank of Kenya (CBK) has increased its paid-up capital saying this will enable it to modernize its facilities and infrastructure, strengthen operations and make it more resilient in [...]2019 NSE Investment Challenge Winners Unveiled
The NSE 2019 Investment Challenge Awards ceremony was officiated by Dr Patrick Njoroge, Governor, Central Bank of Kenya. This challenge is an annual youth-focused online competition that simulates trading of [...]
