Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out shareholder earnings and pushing away foreign investors. A survey on Africa’s top 250 companies by South Africa’s African Business Magazine had 17 East African […]
Nairobi — Equity Group has registered a decline in profit after tax by 14 percent to Sh5.3 billion in the first quarter of the year, attributable to a tenfold increase in its loan loss provision to Sh3 billion. A year earlier, its provisions on loans were Sh300 million. In a statement, Dr. James Mwangi, Group […]
Safaricom remains the top company in East Africa, according to a survey on Africa’s top 250 companies by South Africa’s ‘African Business Magazine’. PHOTO | FILE A survey on Africa’s top 250 companies by South Africa’s African Business Magazine had 17 East African companies valued at $20.2 billion (3.4 per cent of total market capitalisation […]
"Health care workers are at the frontlines of caring for all of us, safeguarding community health. We must keep them safe," said Reeta Roy, President and CEO of Mastercard Foundation. Mastercard Foundation will contribute USD $5 million to the purchase of Personal Protective Equipment (PPE) for Kenya’s Frontline Medical Staff as part of the Mastercard […]
Tom Minney examines the regional rankings in our annual survey of Africa’s Top 250 companies North African companies score the biggest gains To view our ranking of the top 20 companies in North Africa, click here . In terms of increased share of the total, the three North African markets score the biggest gains, increasing […]
Banking in Kenya dates back to the pre-colonial periods. The first banks largely concentrated on financing international trade along the Europe-South Africa–India axis, but later diversified operations to tap the opportunities for profitable banking created by a growing farming settler community and pioneer traders in the local economy to whom they provided deposit and credit […]
A shift in economic activities has altered the outlook for capital markets across Africa, leaving stock exchanges struggling to attract new issuers as investors scrape the boards for returns in the face of government policies tilted in favour of fixed securities. Since the crash in commodity prices a decade ago, the face of African stock […]
There is a constant flow of debt instruments such as government securities and Treasury bonds. New IPOs are proving hard to come by in contrast to the constant flow of debt instruments such as government securities and Treasury bonds. According to Baker McKenzie, Global Cross Border Index, African issuers raised $1.4 billion through listings in […]
The Derivatives Market is expected to help the country to consolidate its position as a leading financial services hub offering a wide variety of investments products/ COURTESY – NSE NEXT will enable market players to better diversify their portfolios, manage risk, and deploy capital more efficiently. Futures contracts also provide risk management tools in the […]
Kenya’s biggest bank by market value said plans by lawmakers to restrict how much the government can borrow from commercial lenders are outdated and risk infringing on the independence of the central bank. Legislators in the East African nation have proposed the measure to avoid the state sector crowding out businesses and consumers from accessing […]
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