Kenya Commercial Bank will hold its 2021 Annual General Meeting (AGM)Â on Thursday 27th May 2021 by electronic means. For the latest key economic events use the free ECONOMIC CALENDAR
Tag: XNAI_KCB
NSE losses Sh74bn, retreats from highest level in three years
Nairobi Securities Exchange trading floor. PHOTO | NMG The Nairobi Securities Exchange (NSE) has shed Sh74.1 billion in one week of trading as investors cash out on the price gains that had lifted the bourse to a 36-month high of Sh2.634 trillion last Monday. The combined investor wealth stood at Sh2.56 trillion as the market […]
Tanzania: All Major Indices Remain On Upward Trend in May
BOTH of the major indices were on the green during the first week of May, which ended on 07th May 2021. The Tanzania Share Index (TSI) and the All Share Index (DSEI) both gained 21.05 points and 33.11 points respectively. This is due to a rise in the market capitalization, where the domestic market cap […]
Fuliza hits Sh350bn on Covid cash woes
Borrowings from Safaricom #ticker:SCOM overdraft service Fuliza rose by 43.6 percent to Sh351.2 billion in the financial year ended March when Covid-19 economic hardships such as layoffs and pay cuts strained households’ budgets. Borrowings from Fuliza, which allows subscribers to transact more than the money available in their M-Pesa wallets, rose from Sh244.6 billion a […]
Rwanda: KCB Group Eyes Full Acquisition of Rwanda’s BPR
KCB Group has offered to go beyond its initial proposal of 62 per cent stake in acquisition of Banque Populaire du Rwanda Plc owned by Atlas Mara Group to acquire 100 per cent, The New Times has learnt. KCB has since November 2020 been in the process of acquiring the bank which is majority owned […]
Kenya: Online forex trader EGM Securities joins NSE derivatives market
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom , KCB Group , Equity Bank and East African Breweries . This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, a […]
Tanzania: All Major Indices Remain On Upward Trend in May
BOTH of the major indices were on the green during the first week of May, which ended on 07th May 2021. The Tanzania Share Index (TSI) and the All Share Index (DSEI) both gained 21.05 points and 33.11 points respectively. This is due to a rise in the market capitalization, where the domestic market cap […]
KCB to spend Sh6bn in buying Rwandan, Tanzanian banks
KCB Group CEO Joshua Oigara (right) Chairman Andrew Kairu (centre) and Group CFO Lawrence Kimathi during the release of the full-year result. PHOTO | POOL KCB Group #ticker:KCB will spend a total of Sh6 billion to acquire two banks in Rwanda and Tanzania from London-listed Atlas Mara limited. The Nairobi Securities Exchange-listed firm had earlier […]
Kenya: KCB Injects Sh3 Billion Into Its National Bank Subsidiary
KCB Group has advanced the National Bank of Kenya a Sh3 billion long-term loan to help the subsidiary meet its minimum capital requirements. The Nairobi Securities Exchange-listed firm made the disclosure in its latest annual report. "In Kenya, the group injected Sh5 billion into National Bank of Kenya, the subsidiary the group acquired in 2019. […]
Inside Sh11bn KQ loan deal with government
Kenya Airways #ticker:KQ has revealed the terms of an Sh11 billion loan it took from the government in the year ended December to fund its operations at a time the Covid-19 pandemic had hurt its cash flows. The airline took the debt in two tranches of Sh5 billion followed by Sh6 billion. The Sh5 billion […]