USE experienced a drop in turnover of about 70 per cent in second quarter Photo | File Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period […]
USE experienced a drop in turnover of about 70 per cent in second quarter Photo | File Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period […]
Dealers at the Nairobi Securities Exchange. A review of NSE Plc’s financial performance shows that the firm’s net profit dropped to $800,000 in 2019 from $3.2 million in 2014. PHOTO | FILE | NMG The self-listed Nairobi Securities Exchange (NSE) is battling a crisis of confidence over the continuous decline in stock prices, which has […]
Kenyan lender I&M Holdings has struck a deal to buy 90 per cent of the shares in Orient Bank Uganda, it said in a filing released by the Nairobi bourse on Monday. I&M is the ninth largest of Kenya’s 40 banks by assets while Orient is one of the small lenders in neighbouring Uganda. The […]
“Accordingly, GCR will no longer provide ratings or analytical coverage for NIC and CBA. The ratings were last reviewed in February 2019,” the GCR which is an African arm of New York Stock Exchange listed Duff & Phelps said in its latest report. Both banks were then rated as evolving with CBA assigned A+(KE) and […]
NIC Holdings Ltd will hold its 2020 Annual General Meeting on Friday 30th July, 2020 at 2:00 pm EAT.
NCBA Group chairman James Ndegwa (left) and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a market value of Sh1.6 billion apiece. FILE PHOTOS | NMG NCBA Group chairman James Ndegwa and his brother Andrew Ndegwa each own a 4.16 percent personal stake in the bank with a […]
New cost cutting measures Kenyatta family owned NCBA bank closes down 14 branches as it seeks to cut down costs during Covid19 crisis NCBA, a bank owned by President Uhuru Kenyatta and his family has permanently shut down 14 branches as it seeks to cut operational costs amid the effects of the coronavirus. The company […]
NIC registered a whopping 3,394% increase in impairment provision on receivables from sh34.15m in 2018 to sh1.19b in 2019 Bayo Folayan. Courtesy photo National Insurance Corporation (NIC) has registered a 44% increase in loss after tax (LAT) of 2.75b in 2019 due to the insurance sectors new cash and carry policy, the insurance firm’s senior […]
Mr James Ndegwa (left) and his brother Andrew Ndegwa. FILE PHOTOS | NMG ICEA Lion Insurance Holdings, which is controlled by the family of the former Central Bank of Kenya governor Philip Ndegwa, is set to raise Sh2.4 billion from the sale of a 24.1 percent stake to private equity firm Leapfrog Investments. Regulatory filings […]
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