Nkoregamba Mwebesa Steps Down As CEO of CDSC Kenya, Joins Liberty Life Assurance as CEO
The Central Depository Settlement Corporation Limited (CDSC), the primary provider of clearing and settlement services in the Kenya Capital Markets, has announced that Mr. Nkoregamba Mwebesa has stepped down [...]
Standard Chartered Scouts for Alternative Investment Options Amid Weak Shilling
The Standard Chartered Bank has partnered with European Asset Management Company, Amundi to offer global investment opportunities to its retail investors. The new partnership comes on the backdrop of a [...]
Airtel Uganda Targets to Raise $216 Million in IPO
Airtel Uganda Limited has recently announced its intention to conduct an initial public offering (IPO) of 8 billion existing ordinary shares, representing 20% of the company's ownership. The IPO, which [...]TotalEnergies Kenya HY 2023 Net Profit Up 3.4% to KSh 822.6M
TotalEnergies Marketing Kenya Plc recorded a half-year Net Profit of KSh 822.6 Million at the end of the six-month period ended 30th June 2023 compared to KSh 795.6 Million in [...]NSE Kenya's Profit Leaps 72% in H1 2023 Despite Sluggish Frontier Markets
The Nairobi Securities Exchange (NSE) has reported its financial performance for the first half of 2023 with Profit after tax surging by 72% to Kshs. 69.4 million from Kshs. 40.2 [...]
Kenya Airways Half-Year Loss Before Tax Hits Sh 22 Billion
Kenya Airways has recorded Ksh22 billion loss before tax for the half-year of 2023, majorly attributed to the impact of weakening Kenya Shilling. AllanKilavuka, Kenya Airways Group ManagingDirectorand CEO said [...]CMA Grants Approval to ILAM Fahari I-REIT's Operational Restructuring
Nairobi Securities Exchange's (NSE) real estate investment trust, ILAM Fahari Real Estate Investment Trust, has secured regulatory approval from the Capital Markets Authority (CMA) to convert its unrestricted ILAM Fahari [...]Evolution of the Nairobi Securities Exchange: A Journey of Growth and Innovation
The Nairobi Securities Exchange (NSE), a vital component of Kenya's financial landscape, has undergone a remarkable transformation since its inception, shaping the nation's economy and offering investors a platform for [...]Kenya to Commence Avocado Exports to India In September
Kenya has received a go ahead to begin exporting avocado fruits to India this September when the first shipment is expected to be dispatched to the Asian Country. With opening [...]Economic Trends: Navigating Kenya's Macro Landscape and Global Market Dynamics
In the ever-shifting economic landscape of Kenya, the challenge of preserving one's savings against the eroding effects of high inflation (7.28% as of July 2023) looms large. Despite recent inflation [...]
Kakuzi Plc HY 2023 Earnings Drop 49.9% to KSh 171.1M on Global Macadamia Glut
Kakuzi Plc, a listed agro business firm, saw its half year net profit tumble to KSh 171.1 million at the end of the first six months of 2023 compared to [...]Safaricom Plc Appoints Two New Directors to its Board
Safaricom Plc has appointed two new non-executive directors to sit on its Board, with effect from 23rd August 2023. The appointment of Dr (Eng.) John Kipngetich Mosonik and Ms. Murielle [...]
