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NSE sees new slide as dividend season closes
By Kepha Muiruri,
1724, August 6, 2020 (EAT)
The Nairobi Securities Exchange (NSE) has begun witnessing a new slide as listed entities close their books ahead of dividend payments. The second-...
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EABL profit sinks by 39pc as COVID-19 restrictions dent sales
By Kepha Muiruri,
1842, July 29, 2020 (EAT)
The East African Breweries Limited (EABL) has announced a 39 percent dip in profit after tax for the year ending June 2020. The Nairobi Security Exch...
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CBK steps up shilling mop-ups to rein in depreciation
By Kepha Muiruri,
1704, July 18, 2020 (EAT)
The Central Bank of Kenya (CBK) has registered a step-up in the mopping of the shilling from the market in a week that saw the unit touch a new low of...
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BAT half-year profit rises to Ksh.2.7 billion
By Kepha Muiruri,
940, July 16, 2020 (EAT)
British American Tobacco (BAT) Kenya has posted an eight per cent growth in profit in six months to Ksh.2.7 billion. The half year growth in earnin...
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Ruiru, Ruaka and Utawala among satellite towns leading lift in Nairobi land prices
By Kepha Muiruri,
1610, July 13, 2020 (EAT)
Sustained demand for parcels of land inside Nairobi Metropolitan Area (NMA) satellite towns has paid dividends for land investors as land prices recov...
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Stan-Chart shaves Ksh.2.6 billion from shareholder pay on COVID-19 fears
By Kepha Muiruri,
1319, June 20, 2020 (EAT)
Standard Chartered bank has halved its final dividend to shareholders to Ksh.7.50 a share from an initially declared Ksh.15 per share pay-out. In a...
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Centum retains dividend at Ksh.1.20 per share as profits rise to Ksh.4.6B
By Kepha Muiruri,
1212, June 13, 2020 (EAT)
Centum Group has retained its shareholder pay out at Ksh. 1.20 a piece or a combined Ksh. 798million after booking a 12 percent growth in the year end...
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Equity quarterly profit falls to Ksh.5.3 billion
By Kepha Muiruri,
808, May 29, 2020 (EAT)
Equity Group has posted a reduced Ksh.5.3 billion quarterly profit from Ksh.6.2 billion in 2019. The reported 14.5 percent drop in profit between J...
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IMF backs dividend withdrawals by banks
By Kepha Muiruri,
1636, May 27, 2020 (EAT)
The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...
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Jubilee Holdings retains Ksh.9 per share payout
By Kepha Muiruri,
1453, May 22, 2020 (EAT)
Jubilee Holdings has overlooked its flat earnings for the year ending in December 2019 to retain its shareholder pay out at Ksh.579.8 million or an eq...
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NCBA Group records Ksh.2.4B pre-tax profit for quarter ending March 31
By Citizen Reporter,
1249, May 20, 2020 (EAT)
The NCBA Group PLC (NCBA) has recorded a pre-tax profit of Ksh. 2.4billion for the quarter ending March 31, 2020. Total operating income for the qu...
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Airtel parent firm defers Ksh.27 billion debt payments to cushion against pandemic
By Kepha Muiruri,
1000, May 14, 2020 (EAT)
Airtel Kenya parent firm- Airtel Africa has deferred the payment of Sh.27.1 billion worth of debt by 18 to 24 months to strengthen its cash position a...
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Investment banks, CMA pledge Ksh.30million for Covid-19 fund
By Kepha Muiruri,
1455, May 12, 2020 (EAT)
Capital markets players flanked by their regulator have donated Ksh.30 million to the Covid-19 emergency response fund. The Capital Markets Authori...
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UAP records Ksh.3.4 billion loss from lower property valuations
By Kepha Muiruri,
1341, May 6, 2020 (EAT)
UAP Holdings PLC has announced an extended Ksh.3.4 billion loss for the year ending December 31 from a Ksh.518 million loss in 2018. The loss is la...
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Safaricom dials up Google for 1 million smartphones offer
By Reuters,
1337, April 30, 2020 (EAT)
Safaricom is partnering with Google to offer 1 million affordable smartphones, its chief executive said on Wednesday. The Kenyan company, which is ...
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Safaricom profit jumps to Ksh.74.7 billion on M-Pesa, data growth
By Kepha Muiruri,
1112, April 29, 2020 (EAT)
Safaricom has posted a Ksh.74.7 billion net profit for the year ending March 31, 2020 representing a 19.5 percent growth in earnings from 2019. The...
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Kenyans earning below Ksh.24K to get tax relief after MPs give the nod
By Kepha Muiruri,
1058, April 23, 2020 (EAT)
The National Assembly adopted the 2020, Tax Laws (Ammendment) Bill on Wednesday to end in relief to Kenyans as per Presidential directives issued last...
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NCBA Bank pulls final dividend for 2019 due to coronavirus
By Reuters,
1548, April 21, 2020 (EAT)
NCBA has pulled its final dividend for last year of 1.50 shillings per share due to the coronavirus crisis, becoming the first lender in the East Afri...
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Britam posts Ksh.3.5B profit from higher investments gains
By Kepha Muiruri,
1046, April 4, 2020 (EAT)
Britam Holdings returned to profitability posting Ksh.3.5 billion in earnings for the period ending December 31 2019 from higher investments gain. ...
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NCBA posts Ksh.7.8 billion profit from merger gains
By Kepha Muiruri,
1620, March 25, 2020 (EAT)
NCBA Group has posted a 56 percent growth in profit after tax for the period ending December 2019 to Ksh.7.8 billion from merger gains. The results...
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