Nairobi Securities Exchange trading floor. PHOTO | NMG Investors on the Nairobi Securities Exchange (NSE) Wednesday lost about Sh54 billion in paper wealth, the biggest single-day decline in four months, hit by a slump in the share price of market driver Safaricom . Data showed that the NSE’s market capitalisation fell by Sh53.8 billion to […]
Kenya’s Jumbojet has tapped into the DRC market. Kenya’s first low-cost airline, Jambojet, started a flight service to the eastern Democratic Republic of the Congo city of Goma on Friday, it said, looking to tap into a projected jump in demand for air travel in Africa. The carrier, which was launched in 2014 and is […]
IRU licenses Stanbic Bank Uganda (Courtesy photo) The Insurance Regulatory Authority of Uganda (IRA) has published industry performance for the period April-June 2021 (Q2) with Bancassurance recording a 54% growth dominated by Stanbic Bank Uganda. According to IRA, the insurance industry registered impressive growth in the first six months of 2021 on account of improved […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Equity Group #ticker:EQTY businesses outside Kenya have widened the profit gap against top rival KCB Group #ticker:KCB, underlining the impact of acquiring a second bank in DRC Congo last year. The lender’s pretax profit from its five subsidiaries in South Sudan, Tanzania, Rwanda, Uganda and DRC Congo rose 145 percent to Sh4.9 billion in half […]
KCB Group has announced that it has acquired Rwandan bank, Banque Populaire du Rwanda Plc (BPR), from Atlas Mara Mauritius Limited and Arise B.V. The acquisition was completed by the Kenyan banking group after receiving regulatory approvals in Kenya and Rwanda. This makes KCB Group the majority shareholder in BPR, Rwanda’s second biggest bank, with […]
Kenya’s Jumbojet has tapped into the DRC market. Kenya’s first low-cost airline, Jambojet, started a flight service to the eastern Democratic Republic of the Congo city of Goma on Friday, it said, looking to tap into a projected jump in demand for air travel in Africa. The carrier, which was launched in 2014 and is […]
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
A woman boards an airplane belonging to the Kenyan budget airline Jambojet, during the launch of a new flight to the Eastern DRC city of Goma, at the Jomo Kenyatta International Airport (JKIA) in Nairobi, Kenya, September 10, 2021. REUTERS/Edwin Waita NAIROBI, Sept 10 (Reuters) – Kenya’s first low-cost airline, Jambojet, started a flight service […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
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