Kenya Power's Profits Soar Tenfold as Electricity Sales Rise by 21%
The strength of the Kenyan shilling for the most part of the year significantly reduced Kenya Power Lighting Company's (KPLC) finance costs, enabling the utility company to record a [...]
Airtel Revenues Grow by 7.5% in East Africa Amid Currency Devaluations
The strength of the Kenyan shilling over the year has positively impacted Airtel Africa's growth rates and revenue in the East African market, coupled by a rising customer base in [...]HF Group to Raise KShs 6bn in Rights Issue after CMA Nod
HF Group is seeking to raise up to KSh6 billion through a rights issue after approval by the Capital Markets Authority (CMA). The group is raising capital as part of [...]Kenya’s Economy in 2024: Challenges, Policy Shifts, and Investment Opportunities
Kenya’s economy in 2024 has been a story of shifting tides: a blend of economic pressures and growth prospects, policy recalibrations, and an evolving investment landscape. While the first half [...]Africa's Financial Markets Expand in 2024 on Economic Recovery Absa Group Survey
Africa’s financial markets have expanded at the fastest pace since 2017 due to the overall recovery of economies bouncing back from global shocks, according to a survey by Absa Group. [...]Nairobi Securities Exchange To Launch Options Derivatives Trading
The Nairobi Securities Exchange Plc (NSE) is set to introduce Options Derivatives trading on its Derivatives Market (NEXT) following approval from the Capital Markets Authority. The introduction will provide investors [...]Kenyan Shilling to Remain Stable on Steady Foreign Inflows- CBK Governor
The Kenyan shilling is expected to maintain stability in the near term boosted by adequate dollar inflows, with the Central Bank of Kenya (CBK) keen on maintaining strong external buffers. [...]Africa's Climate Finance Grows by 48% to US$ 44 Billion
A recent report shows that climate finance flows to Africa saw a 48% increase, reaching USD 44 billion in 2021/2022, up from USD 30 billion in 2019/2020. READ; How Financial [...]
Savannah Clinker Hikes Bamburi Cement Acquisition Offer by 9.4%
A circular from listed cement maker, Bamburi Cement PLC, to its shareholders reveals that Savannah Clinker's proposed price for takeover has risen from KSh 70 per share to KSh 76.55. [...]Oil Prices Fall amid demand concerns
Global oil prices edged lower amid prospects of cooling geopolitical tensions in the Middle East coupled with slowing demand from China World’s top oil importer. US Secretary of State [...]Jumia Halts Operations in South Africa and Tunisia
E-commerce retailer, Jumia Technologies, will double down on its operations and solidify its market in Kenya, Egypt, Morocco, and Nigeria to recover lost revenues incurred by its latest exit from [...]East Africa Growth Holdings to Acquire an Extra 5% of IM Bank
East Africa Growth Holding (EAGH) is set to acquire 86.5 million shares of IM Group following a subscription agreement approved by the board of directors of IM. EAGH is willing [...]
