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<p>Kenya’s stock market billionaires are smiling all the way to the bank as the Nairobi bourse rebounds to a 16-month high. Elsewhere, Kenyan shilling hit a two-month high of 103.25/45 to the US dollar on Friday, as banks reduce dollar positions.</p>


Stock market billionaires reap from Nairobi bourse rally

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<p>Co-operative Bank cut its cost to income ratio to 47.9 per cent in the half year period ending June 2017, in spite of a 10.8 per cent drop in net profit.</p>


Co-operative Bank H1 net profit down 10.8%

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<p>The Kenya shilling has been showing signs of stability, gaining to a six-week high of 103.76 units against the dollar on Tuesday, while it hit a low of 103.79 on Wednesday.</p>


Kenya shilling firms, aided by dollars inflows from aid organisations

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<p>A rise in provision for bad loans have seen Stanbic Bank Kenya post reduced net earnings for the half-year period ending June. Still in the banking sector, Barclays Bank of Kenya has reported a 13 per cent drop in half-year net profit.</p>


Stanbic Bank Kenya’s net profit drops on bad loans load

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<p>Trading activity at the Nairobi Securities Exchange finally returned to pre-election levels of more than Ksh1 billion on Friday after several days of below par participation by investors.</p>


Nairobi Securities Exchange trading back to pre-polls level

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<p>Private sector activity in Kenya continues to deteriorate, with July&#8217;s Purchasing Managers Index by Stanbic Bank showing slight improvement to 48.1.</p>


11 Kenyan banks vote on Kenya Airways’ debt-equity swap proposal

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<p>KCB Group has announced a net profit of Ksh10.26 billion for the half-year period ending June, reflecting a marginal drop of 0.2 per cent compared to the same period last year.</p>


KCB Group announces half-year profit of Ksh10.26bn

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<p>Kenya’s inflation has dropped below the Central Bank upper target of 7.5 per cent for the first time in six months, to stand at 7.47 per cent in July.</p>


Kenyan inflation falls below target

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<p>Safaricom shares hit an all-time high of Ksh25 per unit on Friday, driven by appetite from foreign investors.</p>


Safaricom share price hits an all-time high

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<p>Commercial banks who agree to take up shareholding in national carrier Kenya Airways will need to lend Ksh18.1 billion to the airline, according to a new deal aimed at turning around the company.</p>


Debt swap deal requires Kenyan banks to lend $176mn

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<p>The National Bank of Kenya quadrupled its pre-tax profit between the first and second quarter of this year, driven by diversification of revenue streams and cost cutting measures.</p>


National Bank of Kenya reveals impressive H1 earnings

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<p>The cap on interest rates has seen government keep its borrowing rates in the domestic market low even though high inflation would demand otherwise.</p>


Can a free interest rates regime be restored after elections?

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<p>Kenya Airways will need to freeze staff costs in order to receive fresh capital from its second-largest shareholder, KLM. Still in the markets, the Kenya shilling is off to a shaky start as manufacturers drive dollar demand.</p>


Kenya Airways braces for painful restructuring

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<p>The Kenya shilling showed signs of stability against the dollar on Friday as dollar demand by energy importers is met by inflows from flower exporters.</p>


Kenya misses 2016/17 revenue collection target by 9%

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<p>The Monetary Policy Committee of the Central Bank of Kenya has held the central bank rate steady for the fifth consecutive meeting, as inflation stays above target and the shilling faces pressure against the dollar.</p>


Central Bank of Kenya holds benchmark rate at 10%

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<p>Kenya Airways has created a special purpose vehicle dubbed KQ Lenders Company Limited, through which eleven commercial banks will convert debt owed by the airline into shareholding.</p>


Understanding Kenya Airways’ capital optimisation plan

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<p>Kenyan companies will not need to cross-list in order to sell their shares in other countries. Elsewhere, short –term government treasuries were under-subscribed in Thursday&#8217;s auction.</p>


CBK

Stock market billionaires reap from Nairobi bourse rally

Co-operative Bank H1 net profit down 10.8%

Kenya shilling firms, aided by dollars inflows from aid organisations

Stanbic Bank Kenya’s net profit drops on bad loans load

Nairobi Securities Exchange trading back to pre-polls level

11 Kenyan banks vote on Kenya Airways’ debt-equity swap proposal

KCB Group announces half-year profit of Ksh10.26bn

Kenyan inflation falls below target

Safaricom share price hits an all-time high

Debt swap deal requires Kenyan banks to lend $176mn

National Bank of Kenya reveals impressive H1 earnings

Can a free interest rates regime be restored after elections?

Kenya Airways braces for painful restructuring

Kenya misses 2016/17 revenue collection target by 9%

Central Bank of Kenya holds benchmark rate at 10%

Understanding Kenya Airways’ capital optimisation plan

Kenyan firms to sell shares in region without having to cross list

News Tips

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CBK

Stock market billionaires reap from Nairobi bourse rally

Co-operative Bank H1 net profit down 10.8%

Kenya shilling firms, aided by dollars inflows from aid organisations

Stanbic Bank Kenya’s net profit drops on bad loans load

Nairobi Securities Exchange trading back to pre-polls level

11 Kenyan banks vote on Kenya Airways’ debt-equity swap proposal

KCB Group announces half-year profit of Ksh10.26bn

Kenyan inflation falls below target

Safaricom share price hits an all-time high

Debt swap deal requires Kenyan banks to lend $176mn

National Bank of Kenya reveals impressive H1 earnings

Can a free interest rates regime be restored after elections?

Kenya Airways braces for painful restructuring

Kenya misses 2016/17 revenue collection target by 9%

Central Bank of Kenya holds benchmark rate at 10%

Understanding Kenya Airways’ capital optimisation plan

Kenyan firms to sell shares in region without having to cross list

News Tips

Advertise With Us

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