Breaking News Archives - Page 2 of 6

Equity Bank Reports Sh18.9bn Profit After Tax

March 22, 2018

Equity Bank today announced its full-year results for the financial year ended 31 December 2017. The bank reported a 14 percent year-on-year (y/y) surge in profit after tax to Sh18.9 billion, slightly below the... Read More...

Carbacid Gross Profit Margin Reduces to 50 percent

March 19, 2018

Breaking News, Business News

Carbacid Limited has announced its results for the first quarter of 2018 which indicate gross profit margin reduced to 50.0 percent in contrast to 63.5 percent in first quarter 2017. The Company's turnover d... Read More...

Standard Media Reports 3.3 Percent Y/Y Revenue Drop

March 19, 2018

Breaking News

Standard Media Group has reported a revenue drop of 3.3 percent year-on-year (y/y) to Sh4.7 billion. The drop was as a result of 17 percent y/y reduction in print advertising revenue and elevated business uncer... Read More...

NSE Reports 16.9 Percent Y/Y EPS Growth

March 19, 2018

Breaking News, Business News

The Nairobi Securities Exchange has announced its results for the financial year ended 31 December 2017 where it has reported a 16.9 percent y/y growth in earnings per share (EPS) to Sh0.83. EPS growth was m... Read More...

Stanbic Holdings Announces Proposed Acquisition by Stanbic Africa Holdings Ltd

March 16, 2018

Breaking News

Stanbic Holdings has announced a proposed acquisition by Stanbic Africa Holdings Limited "of up to 59,000,000 ordinary shares of Stanbic Holdings Plc (15% of the company) from other shareholders." The offer pri... Read More...

CBK Deputy Governor Hits Retirement Age

March 14, 2018

Breaking News

Sheila M’Mbijjewe, the Central Bank of Kenya deputy governor, turned 60 last Wednesday, signifying a possible exit from public office. However, she could stay longer through a contractual agreement. “Retiremen... Read More...

Kenya Re’s Former MD Expresses Shock Over Unexplained Dismissal

March 13, 2018

Breaking News

Reacting to the announcement of his exit, Mr Jadiah Mwarania said he was shocked at his sudden dismissal from Kenya Re where he had worked as MD for seven years. He also said that the board had not offered him ... Read More...

Jadiah Murungi Mwarania Leaves Kenya Re Insurance

March 12, 2018

Breaking News

In a public notice dated 12 March 2018, Kenya Re Insurance Corporation Limited has announced the exit of Mr Jadiah Murungi Mwarania from the company with immediate effect. Murungi was the Managing Director of K... Read More...

ARM Warns FY17 Net Earnings may be 25 Percent Lower Than FY16

March 12, 2018

Breaking News

ARM Cement PLC has released a profit warning, joining the many other NSE-listed companies that have already issued such announcements this year. The ARM Board of Directors forecasts that the net earnings for... Read More...

Equity Bank Launches Loss of Earnings Cover For Equitel Subscribers

March 12, 2018

Breaking News

Equity Bank through its subsidiary Finserve Africa limited, last week launched a ‘loss-of-earnings’ insurance product for Equitel subscribers. The insurance product, Riziki Cover, was created through a partners... Read More...