NSE hits 19-year low as US rates batter stocks

Capital Markets NSE hits 19-year low as US rates batter stocks Thursday June 16 2022 Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG The Nairobi Securities Exchange (NSE) has fallen to lows last seen at peak of the Covid-19 … Read more

NSE wants agency to speed up listing of State companies

Capital Markets NSE wants agency to speed up listing of State companies Thursday May 19 2022 Nairobi Securities Exchange chairman Kiprono Kittony. PHOTO | DENNIS ONSONGO | NMG By BRIAN NGUGIMore by this Author Summary The NSE, which has also been pushing for a scale-down of government ownership in listed companies and an increase in … Read more

Sanlam, Allianz form 10-year joint venture

Companies Sanlam, Allianz form 10-year joint venture Wednesday May 04 2022 Sanlam House on Kenyatta Avenue, Nairobi. FILE PHOTO | NMG By VICTOR JUMAMore by this Author Summary Insurance giants Allianz SE and Sanlam Limited have signed an agreement to form a 10-year joint venture that will bring together their interests in their local subsidiaries. … Read more

I&M gets Sh227m dividend from Mauritius subsidiary

Companies I&M gets Sh227m dividend from Mauritius subsidiary Tuesday April 26 2022 I&M branch on Kenyatta Avenue, Nairobi. FILE PHOTO | NMG By VICTOR JUMAMore by this Author Summary I&M Group has received a dividend of Sh227 million from its Mauritian subsidiary Bank One, with the cash set to contribute to the group’s total earnings … Read more

BOC records 6.5pc increase in profit

Companies BOC records 6.5pc increase in profit Monday April 25 2022 Medical and industrial gases manufacturer BOC Kenya grew its net profit 6.5 percent to Sh108.3 million in the year ended December. FILE PHOTO | NMG By ELIZABETH KIVUVAMore by this Author Summary Medical and industrial gases manufacturer BOC Kenya grew its net profit 6.5 … Read more

Sameer profit up five times to Sh217m

Companies Sameer profit up five times to Sh217m Wednesday April 20 2022 Sameer Business Park in Nairobi. FILE PHOTO | NMG By BRIAN NGUGIMore by this Author Summary Sameer Africa’s net profit jumped five times to Sh217.3 million in the year to December helped by cost controls. Sameer did not declare a dividend for the … Read more

KQ gets another Sh36.6bn State bailout

Companies KQ gets another Sh36.6bn State bailout Friday April 15 2022 A fleet of Kenya Airways planes at Jomo Kenyatta International Airport in this photo taken on July 15, 2020. PHOTO | JEFF ANGOTE | NMG By EDWIN MUTAIMore by this Author Summary The allocation, contained in budget documents tabled in Parliament, comes weeks after … Read more

Lenders keep off KQ as Treasury funds airline

Capital Markets Lenders keep off KQ as Treasury funds airline Wednesday April 13 2022 Kenya Airways CEO Allan Kilavuka. PHOTO | DENNIS ONSONGO | NMG By BONFACE OTIENOMore by this Author Summary KQ, as the carrier is known by its international code, has in recent years been borrowing exclusively from the government after defaulting on … Read more

HF narrows full-year net loss to Sh593.29 million

Companies HF narrows full-year net loss to Sh593.29 million Thursday March 31 2022 HF Group head office in Nairobi. FILE PHOTO | NMG By ELIZABETH KIVUVAMore by this Author Summary HF Group posted a net loss of Sh593.29 million in 2021 from Sh1.71 billion in 2020. The Nairobi Securities Exchange-listed firm has not announced any … Read more