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 [...]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 [...]
