NCBA Group Q3 Profits Surge 3% to KSh 15.1 Bn
NCBA Group has posted a net profit of KSh 15.1 billion in the 9 months to September a 3% increase from KSh 14.6 billion reported in the same period [...]
Coffee Prices Surge to Highest in 60 Years on Supply Concerns
Coffee futures in New York have recently soared to levels not seen since 1970s, driven by growing fears over crop production in leading coffee-producing nations. A contributing factor to the [...]
HF Group Q3 Profit Surges by 105% Amidst Rights Issue
HF Group Plc has reported its financial results for the third quarter of 2024, posting a 105% year-on-year growth in profit after tax to KES 483 million, up from KES [...]Safaricom Enters the Money Market Fund Industry with Ziidi MMF
Telco giant Safaricom PLC has entered the money market fund after its subsidiary, Ziidi Money Market Fund, received a license from the Capital Markets Authority (CMA). According to Wycliffe Shamiah, [...]
Family Bank 9-months Profits Up 8% to KSh 2.3bn
Family bank has posted KSh 2.3 billion net profit for the 9 months to September from KSh 2.1 billion in the same period in 2023. “As a Bank, we enhanced [...]Uber Kenya Contributed KSh 14bn to the Economy Impact Report
Ride-hailing app, Uber Kenya, enabled gig riders to earn an estimated additional KSh 2.2 billion a year in higher income 37% more than their next best alternative, according [...]Capital Markets Regulator Licenses Future Construct as REIT Manager
The Capital Markets Authority (CMA) of Kenya has granted Real Estate Investment Trust (REIT) Manager License to Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a [...]Citibank Kenya Profits up 25.8% in Q3
Foreign owned Citibank Kenya has posted a KSh 8.1 billion in profit after tax in the 9 months to September, a 25.8% increase from KSh 6.5 billion recorded in the [...]6 Marketable Export Crops in Demand Globally
Kenya's agribusiness sector is a cornerstone of its economy, contributing significantly to employment, income, and export crop earnings. The country's diverse climate and fertile soils support the cultivation of various [...]
COMESA's Proposes Quick Fixes to Address High Vegetable Oil Prices
The Common Market for Eastern and Southern Africa (COMESA) is mulling a couple of measures to contain the runaway prices of refined vegetable oil in the region. “These increases happened [...]Adani Claims Kenya Cancellations Have no Material Impact on Conglomerate
In a letter to the National Stock Exchange of India and the Bombay Stock Exchange (BSE), Adani Enterprises Limited stated that the cancellation of its project proposals in Kenya had [...]Explainer: How the Ethiopian Birr's Devaluation Ate into Safaricom’s Earnings
On November 7, 2024, Safaricom PLC (SCOM) released its financial results for the half-year ending September 30, 2024 (HY25), revealing a 17.7% decline in net profits, which dropped to KSh [...]
