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 [...]Kenya's Stock Market Activity Up Ahead of Earnings Season
Kenya's stock market activity has gone up ahead of the earnings season. The anticipated release of end-year financial results by listed commercial banks continues to push up volumes, turnover and [...]CMA Upgrades Surveillance System
The Capital Markets Authority(CMA) has upgraded its surveillance systems to keep up with the new Automated Trading System(ATS) on the Nairobi Securities Exchange trading floor and the CDSC system. The [...]CMA Licences Derivatives Trading Members
LISTEN TO ARTICLE The Capital Markets Authority (CMA) has released a list of 7 licensed derivatives markets trading members. The members are; AIB Capital, Faida Investment Bank Limited, Genghis Capital [...]
Kenya's Central Bank Introduces Mobile Based Bonds
LISTEN TO ARTICLE The Central Bank of Kenya (CBK) has announced the rollout of a mobile-based service designed to facilitate investment in government securities dubbed CBK-TMD. The Bank is pleased [...]Poor cash flow, bad weather hit businesses PMI
Overall activity levels contracted solidly at the start of this year, as firms reported that a lack of money at households led to slower demand. Matters were made worse by [...]
