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Co-op Bank Hits KSh 25.00 on Q3 Results; Uchumi at Five-Year High
Co-op Bank hit KSh 25.00 on Thursday after reporting a 12 percent YoY profit rise and declaring its first interim dividend. Uchumi traded at KSh 0.44, its highest since 2019. Safaricom led turnover with KSh 280 million of the KSh 638 million at midday. Foreign activity showed 64 million in buys and 226 million in sells. NASI slipped 0.15 percent.
EABL's Medium Term Note Raises KSh 16.76 Bn, Attracting 152% Oversubscription
EABL raised KSh 16.76 billion in its first medium term note tranche after recording 152 percent demand.
Co-op Bank Announces Maiden Interim Dividend as Q3 Profit Hits KSh 21.6Bn
Co-operative Bank has reported 21.56 Bn profit after tax in Q3, up 12.3%, as operating income reached 67.38 Bn and assets rose to 815.27 Bn.
Kenya Targets Electronic Manufacturers, Importers in Push to Curb Rising E-Waste
Kenya has proposed new rules that would make electronics manufacturers, importers, and retailers financially and operationally responsible for the disposal of devices
G4S Ordered to Compensate 68 Security Guards For Unfair Dismissal
The Employment and Labour Relations Court in Nairobi has ruled that G4S Kenya Limited unlawfully dismissed a number of its security guards in a protracted dispute
Cassava Technologies Launches AI Model Exchange for Africa's Mobile Operators
Cassava Technologies has announced the launch of its Cassava AI Multi-Model Exchange (CAIMEx), a first-of-its-kind platform designed to make the world’s leading artificial intelligence (AI) tools and large language models (LLMs) easily accessible
Lawmakers Probe Kenya Power Over Past Losses, Power Losses & 26Bn Unpaid Bills
Kenya Power chiefs appeared before Parliament’s Commercial Affairs and Energy Committee to address historical audit findings showing losses and governance issues.
The Kenyan Wall Street and WORKL Crown Kenya’s Best Employers for 2025
The Kenyan Wall Street, in partnership with the world’s largest workplace and employment data company, WORKL, today announced the winners of the highly anticipated ‘Best Places to Work’ 2025 Awards
CMA Grants Takeover Exemption to Tanzanian Tycoon in Portland Cement Deal
CMA approved an exemption allowing Tanzanian tycoon Ebrahim Munif’s Kalahari Cement to acquire Holcim’s 29.2% stake in East African Portland Cement without a takeover offer.
IMF Urges Caution on Kenya’s US$3.5bn Currency Swap Strategy
The International Monetary Fund (IMF) has cautioned Kenya to weigh potential exchange-rate risks following its decision to convert US$3.5 billion of loans from China into yuan
Senegal Pushes Back Against IMF Debt Restructuring Proposal
Senegal’s government is pushing back against IMF pressure to restructure its growing debt, arguing that such a move would tarnish the country’s reputation.