KenGen Half Year Profit Surges by 79%
Listed power generating company Kenya Electricity Generating Company (KenGen) has posted a KSh 5.3 billion in profits after tax in the 6 months to December 2024, 79% jump from KSh [...]
EABL Half Year Profits Increase by 20% to KSh 8.1 bn
Listed brewer East African Breweries (EABL) recorded a KSh 8.1 billion profit after tax in the first half of 2024, a 20% increase from KSh 6.8 billion in the same [...]Kenya Power Declares Dividends as Half Year Profits Surge by 3025%
Kenya Power recorded a 3025.4% surge in profit after tax in the 6 months to December 2024 driven by reduced finance costs, increased electricity sales and lower cost of sales. [...]Markets React after Trump Calls on OPEC to Bring Down Oil Prices
Oil prices edged slightly lower to erase weekly gains on Friday after US President Donald Trump urged OPEC to bring down oil prices, adding that the higher prices fueled the [...]TransCentury Share Price Gains after First Half Year Profit since 2019
Listed infrastructure investment company TransCentury returned to profitability in the 6 months to June 2024 to record a KSh 375.1 million net profit from a loss after tax of KSh [...]HF Group Rings Bell on NSE After Oversubscribed Rights Issue
Listed financial solutions provider HF Group Plc (NSE: HFCK) on Tuesday held a Bell Ringing Ceremony as a culmination of its recently concluded Rights Issue which was oversubscribed by 38.32%. [...]
Market Rally Pushes Kenya’s Stock Market to 2-Year High
Kenya’s stock market has surged, gaining KSh 114.8 billion in market value in 3 weeks to hit a two-year high of KSh 2.05 trillion, as multiple stocks rallied in a [...]Kenya’s Wholesale Prices Ease at Faster Pace in Q4 2024
Average wholesale prices charged by factories for their goods fell further in the 3 months to December 2024, reversing the inflation trend witnessed just over a year ago, according to [...]How Low Rainfall in October Spelt Doom for Kenya's Tea Estates
The country experienced a 5% dip in tea production in October 2024 due to low and poorly-distributed rains, the Tea Board of Kenya (TBK) says in a recent report. “Precipitation [...]Kenya Airways' Share Price Surges After NSE Return
Kenya Airways' (KQ) share price almost doubled in the first week of its return to trading at the Nairobi Securities Exchange (NSE), to become the best stock in capital gains [...]Sasini Sinks Into KSh 562.9 mn Loss on Higher Costs, Supply Chain Disruptions
Listed agricultural firm Sasini Plc has sank into losses, registering a KSh 562.9 million in loss after tax for the year ended September 2024 compared to a KSh 542.3 million [...]CMA to Tame Company Secretaries Serving Multiple Firms Concurrently
The Capital Markets Authority (CMA) will be seeking stakeholder input on how many listed companies a company secretary can serve at the same time, the regulator said in a recent [...]
