Standard Chartered Kenya H1 2024 Profits Surge By 49%
Standard Chartered Bank Kenya has registered a 49 percent jump in profits after tax to KSh 10.9 billion in the first half of 2024 from KSh 6.9 billion recorded in the [...]
Kakuzi Half Year Profits Triple on Higher Macadamia, Avocado Revenue
Kakuzi Plc, a listed agricultural firm, has posted KSh347.5 million net profit for the 6 months to June 2024 a 195.8 percent increase compared to the same period in [...]Bonds Turnover Crosses the KShs. 1 Trillion Mark at the NSE
The value of bonds traded in the secondary market at the Nairobi Securities Exchange (NSE) has crossed the KSh 1 trillion mark for the first 8 months to August, surpassing [...]Bidco Affiliate Acquires Ribena, Lucozade Manufacturer
Bidcoro Africa Limited, a company associated with Bidco, has acquired the entire issued shared capital of the makers of Ribena and Lucozade brands (Suntory Beverage and Food Kenya) in a [...]Central Bank Seeks KShs 15 Bn in 17 year Tapsale
The government has returned to the market seeking an additional KSh 15 billion in a tapsale of the August Issue which raised KSh 29.5 billion against the KSh 50 billion [...]Fitch Downgrades KCB, NCBA, IM, Upgrades Stanbic to Stable
Fitch Ratings, a global credit rating firm, has downgraded KCB Bank Kenya, NCBA Bank Kenya and IM Bank and their holding companies to B- from B' with a stable outlook [...]Kenya Airways Posts Profit For the First Time in 11 Years
National carrier Kenya Airways is out of the red line for the first time in 10 years after announcing Sh513 million net profit in the first half of 2024. We [...]Kenyan Shilling Strengthens, Stocks Edge Higher on Foreign Inflows
Last week, the Kenyan Shilling strengthened further against the US Dollar, closing the week at KSh 129.14 from KSh129.54 the previous week. Similarly, the year-to-date performance rose to 13.1%, buoyed [...]Kenya Re-Insurance Half year Profits Drop By 10%
Kenya Re-Insurance Corporation Limited has posted a 10 percent drop in profits after tax to KSh 1.06 billion in the first half of 2024 from KSh 1.17 billion a year [...]Sameer Africa Posts Over 300% Rise in Half-Year Profits
Listed tyres' distributor, Sameer Africa, has recorded a profit-after-tax of KSh 108.8 million in the half year ended June 2024, a triple rise from the preceding period due to the [...]Co-Op Bank's Half Year Profits Up 7%, South Sudan Subsidiary Registers Losses
Co-operative Bank of Kenya's (Co-op Bank) net profit for the half-year has jumped to KShs. 13 billion compared to KShs. 12.1 billion during a similar period in 2023. Apart from [...]CBK’s Infrastructure Bonds Gauge Investor Confidence
During August auction, government reopened two infrastructure bonds earmarked for financing infrastructure projects in the current fiscal cycle. Investors have continuously exhibited preference for short term papers, compelling the exchequer [...]
