Standard Group to Layoff 300 Employees Amidst Labour Discontent, Financial Crunch
About 300 employees are set to lose their jobs as Kenya's oldest media house, Standard Group, tries to reorganise operations amidst shrinking revenues and an evolving technological landscape. We remain [...]
EABL Profits Drop By 11.8% on Weak Shilling, High Interest Rates
Listed brewer East African Breweries Plc (EABL) recorded an 11.8 percent drop in profit to KSh 10.9 billion for the year ended June 2024, from KSh 12.3 billion a year [...]Looming Rate Cuts Present Opportunity for Long-Term Investors
Investors have been challenged to stay awake to looming policy changes to reposition their portfolios for better returns that meet long-term financial goals. “Given this environment, balanced foundation allocations comprising [...]Centum Investment Profit Jumps to KSh556 Mn
Centum Investment has recorded a profit of KSh556 million for the financial year ended 31 March 2024 compared to a loss of 61 million in the prior year. The drop [...]IMF Approves US$3.4 Billion for Ethiopia
The International Monetary Fund (IMF) Executive Board has approved US$3.4 billion under the Extended Credit Facility (ECF) for Ethiopia, following 5 years of negotiations. This is a landmark moment for Ethiopia, [...]Birr Slumps as Ethiopia Floats Currency to Meet IMF Conditions
Ethiopia has announced plans to liberalize her foreign exchange market effective today, ahead of the IMF meeting. The liberalization is expected to enhance the competitiveness and inclusiveness of the financial [...]Kenya Shilling Slips to a Two-Month Low
Last week, the Kenya Shilling weakened further against the US Dollar, closing the week at KSh 132.57 from KSh130.73 the previous week. Similarly, the year-to-date performance dropped to 13.1%, buoyed [...]BAT Kenya Half-Year Profit Drops to KSh2.1 Billion
Regulatory uncertainty, illicit trade in tax evaded cigarettes and currency volatility has eaten into BAT Kenya half year earnings with the profit after tax for the six months ended 30 [...]Safaricom Shareholders Approve KSh26.04 Billion Final Dividend
Safaricom shareholders have approved a final dividend of KSh0.65 per share, amounting to KSh26.04 billion for the financial year ended 31st March 2024. In the financial year under review, the [...]Airtel Africa's Customer Base Surpasses 155 Million Q1 Report
In its latest quarterly results for the period ended in June, Airtel Africa has reported a profit after tax of US$ 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%, [...]
