NSE Listed Firms to Issue Events’ Calendar in New CMA Rules
Companies listed at the Nairobi Securities Exchange (NSE) will now be required to develop and submit a forward-looking and tentative calendar of corporate announcements. The information should be publicly available [...]
Money Market Funds Dominate as Unit Trusts' Assets Cross Ksh 250bn
The value of combined assets of all Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, operating in Kenya has crossed the 250 billion mark for [...]Bamburi Cement Issues Special Dividend, Posts H1 Loss as Shares Gain 116% in Eight Months
Bamburi Cement, which is considering two acquisition offers, is set to pay a special dividend of KSh 18.25 per share despite posting a loss for H1 2024. On the upside, [...]State to Divest From 6 NSE-Listed Companies as Bourse Posts KShs. 54.7 Mn Profit
The Nairobi Securities Exchange (NSE) has recorded a profit of KSh54.7 million in H1 this year, citing revenue growth from non-trading income streams like interest and consultancy. The divestiture of [...]Botswana Stock Exchange Chief Positive that Privatisation Can Transform Economy
As one of the resolutions in spurring private sector growth through SOEs listings, Botswana Stock Exchange acting Chief Executive Officer (CEO) Kopano Bolokwe advised that shareholders must adopt best practices, [...]
Crown Paints Profits Double to KSh 75 Mn
Crown Paints Kenya Plc, a listed paints and coats manufacturer (Ticker: CRWN), posted a KSh 75 million profit for the first 6 months to June 2024, a 103 percent jump [...]Savannah Clinker Makes KShs. 25.4bn Counter Offer for Bamburi Cement
Listed cement maker Bamburi Cement has received a second acquisition offer after Savannah Clinker Ltd. expressed interest to acquire the company at KSh 70 per share. Savannah Clinker has pledged [...]Saudi Arabia Has Surpassed the UK as Source of Remittances CBK
The Kingdom of Saudi Arabia is rivaling the United Kingdom (UK) as one of the top sources of diaspora remittances to Kenya, although the two countries' contributions are still a [...]Base Resources' Revenues Down 50% as Kwale Operations Near Completion
Australian mining company, Base Resources, hit revenues worth US$ 135.1 million in the financial year 2024 compared to US$ 271.4 million in the previous financial year due to reduced [...]WPP Scangroup Records KSh252.3 Million Loss in H1 Results
Listed advertising firm, WPP Scangroup, has blamed foreign exchange losses of KSh250 million for their recorded losses for the half-year results citing the need to mitigate risks associated with [...]Money Market Funds 101: How to Find an Ideal Investment
Money market funds (MMFs) might be just what you're looking for. In this guide, we'll break down what Money Market Funds are, the parties involved in managing them, their benefits, [...]
TPS Eastern Africa (Serena) in KShs 570mn Profit After KShs 30mn Loss in H1 2024
TPS Eastern Africa (TPSEAP), the owner of the Serena Hotels chain, has reported a profit after tax of KShs. 570 million in the six months ended 30th June 2024 from [...]
