KCB Group Profits Surge 65% to KSh 61.8 Bn in 2024
KCB Group has registered KSh 61.8 billion net profit in 2024, a 64.9% jump from KSh 37.5 billion in 2023 driven by an increase in revenue. However, total operating expenses increased [...]
MTN Uganda Under Sylvia Mulinge: Earnings Surge, Dividends Rise, Stock Gains 85%
Last week, MTN Uganda posted impressive financial results for the full year 2024, marked by strong growth in service revenue, higher earnings per share, and a substantial dividend increase. MTN [...]
Kenya Dominates East Africa’s Private Capital Deals in January
East Africa's private capital markets began 2025 with 13 transactions with a total value of US$38.7 million in disclosed deals, according to the IM Burbidge's East Africa Financial Review for [...]Banks Push for Common Reference Rate for Loan Pricing
Kenya’s banking sector is pushing for an overhaul of the existing risk based pricing model to a common reference rate, arguing that the current framework has made it hard to [...]Kenya’s Private Sector Activity Expands for Fifth Month-Stanbic PMI
Kenya's private sector saw slight improvement in business conditions in February, marking its fifth consecutive month of expansion, the latest Stanbic Purchasing Manager Index (PMI) shows. “We reiterate that businesses [...]Stanbic Declares Record Dividend as Profits Hit KSh 13.7bn
Stanbic Holdings shares rallied to KSh 167.25 on Wednesday from KSh 157.75 after the lender reported it had registered a 12.8% growth in net profit. “We deliberately shielded our customers [...]NSE Bull Run Drives Investor Wealth Up by KSh 137 bn in Just Two Months
The Nairobi Securities Exchange (NSE) has sustained its market rally, which has seen investors’ portfolios grow by KSh 137 billion in 2 months, was propelled by strong gains in key [...]CMA Suspends Money Manager Trade Sense's License for Three Months
The Capital Markets Authority (CMA) has suspended Trade Sense Limited for 90 days for failure to comply with various regulatory requirements. The suspension is due to the failure by Trade [...]Kenya Raises US$1.5 Bn in New Eurobond to Refinance Debt
Kenya raised US$1.5 billion from international investors through an 11-year Eurobond to refinance its external debt including the US$900 million Eurobond due in 2027, with an instalment due in May [...]Business Daily’s Misrepresentation of NSE Commodities Data Could Mislead Investors
The Business Daily newspaper has been running the same commodity and NSE market graphs for over six months, inaccurately depicting the prices of commodities such as gold and tea and [...]Bamburi Cement Shares Suspended after Amsons Takeover
Trading of Bamburi Cement shares at the Nairobi Securities Exchange (NSE) has been suspended, 55 years after the cement manufacturer was listed on the bourse. “The trading of Bamburi shares [...]BAT Kenya Maintains Dividend Despite 19.5% Profit Drop
BAT Kenya has posted a 19.5% drop in profits after tax to KSh 4.5 billion 2024 from KSh 5.5 billion in 2023. “Our export markets experienced headwinds including forex scarcity, [...]
