Naspers, Africa’s Top Stock, Posts $12.3Bn Profit on Tencent Gains
Naspers, Africa’s largest publicly listed company by market capitalization, has posted Profit After Tax (PAT) of US$12.26 billion—surpassing revenue of US$7.18 billion-for the fiscal year ended 31 March 2025. These [...]
Equity Bank Targets EA Cables Amidst TransCentury's Turnaround
TransCentury Plc, a listed infrastructure investment group has recently reported its first annual net profit since 2013, marking a turnaround amidst ongoing legal battles with Equity Bank over its subsidiary, [...]
Umeme Shares Sink 25% as Concession Dispute Clouds Investor Sentiment
Umeme Limited, formerly Uganda’s largest electricity distribution company and a cross-listed entity on both the Uganda Securities Exchange (USE) and the Nairobi Securities Exchange (NSE), has seen its stock drop [...]Safaricom Stock: CFO Speaks On What's Fueling Investor Confidence
Safaricom's stock has recently experienced bullish activity, briefly crossing a market capitalization of one trillion shillings. According to the company's CFO Dilip Pal, the surge in investor confidence is attributed [...]Umeme's FY2024 Loss Marks Turbulent End to 20-Year Electricity Concession
Umeme Limited closed FY2024 with a Ushs 511 Billion net loss, reversing a Ushs 11 million profit from the previous year. The loss coincided with the end of its 20-year [...]Investor Wealth on the NSE Up KSh 180Bn, Safaricom Briefly Crosses KSh 1Trillion
The Nairobi Securities Exchange (NSE) is on a record-breaking run with all major indices now posting double-digit returns so far in 2025. The rally is broad-based. Returns on all equities [...]T-Bill Yields Drop Sharply After CBK Rate Cut, Appetite Shifts to Reopened Bonds
Treasury Bill (T-bill) yields have accelerated their drop in the latest Central Bank of Kenya auction, sinking to their lowest levels since June 2022. Investor behavior in the most recent [...]No Takeover Plan by Sanlam Kenya’s South African Majority Owners
Listed financial services group Sanlam Kenya Plc is navigating a significant corporate restructuring after it recently completed a KES 2.5 billion rights issue which has reshaped its shareholding structure. This [...]Kiuna Ngugi Tightens Grip on BOC Kenya After Blocking KSh 1.2B Carbacid Takeover
Kiuna Ngugi, a former chairman of BOC Kenya Plc, has quietly but steadily tightened his grip on the company just months after he successfully blocked a proposed takeover by Carbacid [...]MTN Uganda Seeks Shareholder Approval to Spin Off Mobile Money Unit
MTN Uganda is accelerating the separation of its mobile money business, MTN Mobile Money Uganda Limited (MTN MoMo), as part of its compliance with the National Payment Systems Act 2020 [...]NSE Bull Run Accelerates as Safaricom Sparks Another Rally
Safaricom's share price jumped by 6.1% on Tuesday, June 10, closing at KSh 22.60, marking the stock’s best daily performance since December 10, 2024, when it gained 6.34%. The positive [...]FXMeridian Opens New Offices, Marking Its Expansion into the African Market
FXMeridian, a leading player in the global financial trading and fintech space, is broadening its international footprint with the opening of a new office in Nairobi, Kenya and Cape Town, [...]
