Kenya’s Tea Exports Slide 20% as Coffee Earnings Soar
Kenya’s tea export earnings plunged 20% in December 2024 while coffee revenues soared, underscoring the divergent paths of two of the nation’s key cash crops amid shifting global market dynamics. [...]
Jumia Posts US$ 99 million Loss as Customer Base Shrinks
Africa focused e-commerce platform Jumia Technologies has posted a US$99.1 million loss after tax in 2024, a mild decrease from US$99.3 million loss in 2023, with its customer base shrinking [...]Kenya Closes KSh 50bn Debut Domestic Bond Buyback
The debut domestic bond buyback by the Central Bank of Kenya (CBK) has met its target, buying back bonds worth KSh 50.09 billion against a targeted KSh 50 billion. This [...]BAT Kenya Denies KSh 9.6 Billion Tax Discrepancy After Investigative Report
Listed cigarette manufacturer BAT Kenya has dismissed allegations in a recent investigative report that there are extensive discrepancies in its financial statements for 2017 and 2018. The report is based [...]
Analysts Optimistic About Safaricom's Share Price Despite Data Privacy, Ethiopia Concerns
Analysts at the Standard Investment Bank (SIB) are optimistic about Safaricom's equities despite piling concerns and potential disruptions in Kenya's telecommunications scene. Safaricom's share price at the moment stood at [...]Morgan Stanely Adds StanChart, HF Group to Key Global Index
Morgan Stanley Capital International (MSCI) has added two Nairobi Securities Exchange (NSE) listed firms to their key index, increasing the stocks visibility to foreign investors. The upgrade comes as the [...]Kenya's Stock Exchange Targets 9 Million Retail Investors in New 5-Year Strategy
The Nairobi Securities Exchange (NSE) has unveiled an ambitious five-year strategy aimed at attracting 9 million active retail investors, both domestically and in the diaspora. The plan, which kicked off [...]Safaricom Ethiopia's M-PESA Revenue Dips Despite 245% Jump in Registrations
The number of registered M-PESA customers in Safaricom Ethiopia increased by 245% to 10.8 million as at December 2024 from 3.1 million December 2023, driven by airtime purchases and cross [...]Kenya Pipeline’s Public Listing Gains Momentum
The prospect of Kenya Pipeline Company (KPC) listing on the Nairobi Securities Exchange (NSE) is gaining traction, marking a step in the government’s broader plan to attract private investment into [...]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. [...]
