Airtel Africa IPO in Malawi 34% Oversubscriberd
Many countries across Africa have similar legislation that mandates local ownership in foreign companies, for the purpose of promoting local investment and ownership in key sectors such as telecoms.
Ethiopian Airlines Announces $ 5 Billion Mega Airport
Africa's most profitable airline company has announced that they will commence construction of Africa's largest airport in six months time. Ethiopian Airline’s chief executive officer Tewolde Gebremariam told the Ethiopian Broadcasting Corporation that...
Safaricom shares Stable on News of Planned Stake in Ethio Telecom.
Safaricom Shares slightly rallied by 0.71% but stabilized to 28.50 this morning after news on talks to acquire stake in Ethio Telecom went public today. Safaricom's Acting Chief Executive Michael Joseph yesterday...
Market Report 09-Oct-19
At the end of today's trading session on the Nairobi Securities Exchange. A total of 7,760,100 shares in 728 deals, corresponding to a market value of KES 241,179,647.00, were traded. 42 equities...
Kenya’s credit rating to be out soon – Moody’s
Otros factores menos volátiles, como la exposición al asbesto, pueden contribuir a la existencia de cáncer digestivo. La filtración ha demostrado que los kayakistas que son leídos por su condición física aeróbica...
CDSC to suspend some services for a week as systems upgrade now complete.
The Central Depository & Settlement Corporation will suspend most of its services for one week starting Monday 7th to Friday 11th October,2019 as it completes the transfer of user data from the...
The old Kes.1,000 shilling note becomes useless tomorrow.
Today is the last day to exchange your Kes.1,000 shilling notes as they become defective tomorrow. In a circular sent to banks this morning, Central Bank of Kenya (CBK) has reminded retail...
CBK leaves benchmark lending rate unchanged at 9pc
CBK leaves lending rate unchanged at 9% after today's Monetary Policy Committee meeting.
Moody’s Downgrade Ethiopia’s investment outlook to negative.
Moody's Investors Service ("Moody's") has affirmed Ethiopia's B1 long-term issuer and senior unsecured ratings changing the outlook on the Government of Ethiopia to negative from stable on September 20, 2019. Moody's Investors...
Portland Lays off Managerial Staff.
Government owned East African Portland Cement company last week issued a one month notice termination of contract for its employees in managerial positions. Managing Director Stephen Nthei told the trading room that...
Kenya Power Issues Profit Warning Announcement
Kenya Power's net earnings for the year ended June 2019 is expected to drop by over 25 per cent as compared to a similar period last year (2018). A profit warning issued...
