BAT Kenya Half-Year Profit Drops to KSh2.1 Billion
Regulatory uncertainty, illicit trade in tax evaded cigarettes and currency volatility has eaten into BAT Kenya half year earnings with the profit after tax for the six months ended 30 [...]
Safaricom Shareholders Approve KSh26.04 Billion Final Dividend
Safaricom shareholders have approved a final dividend of KSh0.65 per share, amounting to KSh26.04 billion for the financial year ended 31st March 2024. In the financial year under review, the [...]Airtel Africa's Customer Base Surpasses 155 Million Q1 Report
In its latest quarterly results for the period ended in June, Airtel Africa has reported a profit after tax of US$ 31 million representing a 120% Year-On-Year growth as the [...]Is Artificial Intelligence the Future of Trading Success in Kenya?
Artificial intelligence (AI) is revolutionizing the trading landscape, offering Kenyan traders new opportunities to enhance their strategies and outcomes. As the global trading environment becomes more complex, AI tools are [...]Shilling Edges above KShs 131/USD on Protests, High Dollar Demand
Last week, the Kenya Shilling weakened marginally against the US Dollar, closing the week at KSh 130.7299 from KSh 129.3 the previous week. Similarly, the year-to-date performance stalled at 17.9%, [...]CBK Misses Target by 51% in the July Bond Auction
The Central Bank of Kenya (CBK) has missed its target for a second time by 51% in the July bond auction, with investors seeking higher rates to maximize their real [...]Kenya's Currency and Dollar Bonds Weaken Due to Protests
On Tuesday, business activities in various parts of Kenya came to a standstill as demonstrators took to the streets to protest against the government on multiple issues. The impact of [...]
Top Stocks to Invest in Kenya in 2024: A Guide to CFD Trading
Kenya's financial markets are witnessing a transformative period, offering ample opportunities for investors, particularly in Contract for Difference (CFD) stock trading. With a robust economy, increasing foreign investments, and supportive [...]Eurobond Yields Fall, Shilling Ranging amid Moody’s Downgrade
Last week, the Kenya Shilling weakened marginally against the US Dollar, closing the week at 129.3 from 128.5 the previous week. The Shilling’s 0.6% downtick dragged the year-to-date performance to [...]71% of Businesses Optimistic about Growth in Q3-KNCCI Survey
71% of more than 1, 000 businesses surveyed by the Kenya National Chamber of Commerce and Industries (KNCCI) expect to generate revenue in Q3, a significant decline from the 89% [...]Inside Amsons Group's KShs 23.59bn Buyout Offer for Bamburi Cement
Amsons Industries, a subsidiary of Tanzanian conglomerate Amsons Group, will consider delisting Bamburi Cement from the NSE once it gets more 75% or more acceptance to its KShs. 23.59bn buyout [...]Tanzanian Conglomerate Amsons Group Makes Record $180mn Bid for Bamburi Cement
Tanzanian conglomerate Amsons Group has made a record $180mn (KShs. 23.32bn) binding offer for 100% ownership of Bamburi Cement, valuing the listed cement manufacturer at Shs. 65 per share. “We [...]
